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CBRE Clarion Global Real Estate Message Board

  • hengeern hengeern Sep 17, 2008 7:48 PM Flag

    NAV closed today @ 10.92 / Stock price @ 8.44

    This Closed End fund typically trades at +/- four to five percent of NAV..... it's obvious that with 4X the average daily volume, SOMEBODY had to sell thier position quickly. Even if we have two more 500 point down days in a row for the stock market, this price should still be north of $10/share. This is a gift. I bought a lot more shares today. And if somebody is DUMB enough to sell it down further in the AM, I'm going to LOAD THE BOAT in a big way. This is a once in a lifetime gift for those who have half a brain

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    • Yeah, I've been telling myself that everytime the market tanks and goes down further. Thing is, the NAVs follow lower too. It just needs to catch up with the fund price.

      I haven't sold yet. If it goes to zero the only ones with any worth will be the ones with guns, gold, and food.

 
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