at 10.08, its daily low was 10.06 and 12-mo low was 10.05 0n 6/5/13. At the price of 10.08, it was sold at 0.944x of its most recent NAV of 10.68 (March 31, 2014), or almost a 6% discount. with about a 13.17% yield (new monthly dividend starts with Oct. is 0.1106).
Please understand that I am not trying to convince anybody to buy any and can very well be overloaded with it right now but I just believe for it to drop that much is simply illogical and plan to buy a lot more if it falls below 10. NO FEAR. LOL J
Phil.............Have you largely sold out and moved to the sidelines for awhile? I recall that you were going to "sell in May and go away."
I'm mostly in cash (66% as of right now) and prepared to stay close to that area. Will do some trading here and there as always. Might buy a short ETF (probably TZA or SPXS) but nothing there right now. DJIA and S&P 500 near highs, but the Russell and the NASDAQ 100 have been performing poorly.
Enjoy the summer..........Kel