i bought 1/4 of intended position at 3.90. alpine's strategy is not a good one but i think the shares are cheap given the NAV and the new payout level. i will sell when i have a 5% gain (i hope two to six weeks).
i bought another 1/4 position at 3.90 on wed and this morning i bought the last half. so i've completed the buy program assuming it doesn't tank from here (if it does i'll have to average down). bought the last half at 3.95 so i'm at 3.925 avg cost.
not long on alpine but long on the 15% discount. will sell with a 5% gain.
AOD trended downward for days after the previous two dividend reductions. It eventually rose because the general market was very strong in 2010 and 2011 "lifting all ships." Don't count on that happening again. And IF it happens there are better ways to participate.
Good to see AGD dropping more than AOD. What were those people thinking paying a premium for that POS! Both funds should trade at deep discounts.