Post by
mouserman on Nov 30, 2020 3:15pm
LBS unit NAV down about 1.5% so far today
SO that would leave the UNIT NAV at about 16.78... so the sellers today are taing monthend profits etc.. and do no care about value or discount to NAV . Many just look at a chart and TA says sells. I dont doubt some stops were taken out.
I am fine waiting until the UNIT NAV drops a bit further before reducing much more. I did buy some at 16.44 today, but only a thousand shares. I later decided to sell them off plus another 500 at 1.56...so will wait and buy back later.
Comment by
mouserman on Nov 30, 2020 3:28pm
OOPS i posted "SO that would leave the UNIT NAV at about 16.78..." it actually should have read $16.70...... unit NAV and after the .10 distribution to commons, would leave LBS nav at 6.70.... if we ignore the preferred amount , which wont be paid until mid January. LBS will be collecting distributions from the lifecos in the fund in the next month.