the genius category is starting to get crowded. that is a good thing. i've added mack to the list. i'll go ahead and post the "master list" of geniuses soon. i think flash soccer, gates, and mysonchino deserve some credit. we had some good discussions on cef's back in the depths of hell (oct/nov 08 and feb/mar 09).
Wow, for me to get mentioned by bluebuick is an honor. I am too out of AOD, and have been for awhile. I did get out too early. I did get out of my leveraged positions in early May also. I actually bought a short etf, SDS, but I sold it a week later, at a profit. I sold too soon, but very hard to time the market. Now, I am in a wait and see mode, with about 60% of my portfolio in stocks, predominantly dividend paying stocks, and 40% in short term bond funds and cash. I came across an interesting fund, PRPFX, which holds stocks, swiss francs, treasuries, etc. These are investments that do not have high correlations, and supposedly makes for a more steady gain in wealth as compared to just stocks. Some of you who just came into 5 million dollars may want to consider it.
I'm also glad Bluebuick came back to the board with his knowledgable and informative posts. Someone who has owned AOD and been able to compare it to other funds is a valuable addition, and he is trying to help us.
Nothing against Alpine, I just think they are up against the wall with a high-yielding dividend capture fund in this environment. I own some AWP, but I am out of all my AOD, AGD and ADVDX.
This is a good time to reallocate IMHO if anyone feels they have an oversize stake in AOD. All the closed end funds are on sale right now.