LFE unit nav to May 28 = approx; $15SO in one day of selling, the Gains in UNIT NAV accumulated since May 15th have disappeared. Didnt try to find and read the news to see why the lifecos were singled out, was busy today.
Will do some digging later on tonight. As far as selling, i did not even consider it as ex divvy date is so close, and my average cost is a long eways below the last sale of the day. Looks like a big daily loss, but only if you sell. Looks like a big capital gain when i look at my holdings , so makes that actiion today a lot less painful. My question is , DID the fundamentals of the lifecos change today? DID the interest rates drop 2 % overnight and i missed it?
IF not i am fine with the holding . I recall LCS suffering a big pullback and people dumped it hard. I bought AGAIN, for another swing trade, at around 6$ and am still sitting on nice capital gain. I suspect the rebound will happen again, not sure when, but will collect distributions and revisit my holdings and make adjustments if necessary.