mince: I am an Oxford Club member. My take is that for some reason IGR and the other "income" RECOS in their portfolio are not held to the trailing stop rule that Oxford uses for their main portfolio (25% TS). However, yesterday I went on the Oxford website and noticed that IGR was shown as a "Hold". It was the only hold listed among the income portfolio holdings. I feel that in this case a "Hold" more than likely means a "Sell". But it may be too late for that at this point. Actually if you followed their trailing stop method you would have been stopped out of ALL positions in the main portfolio this past month. Probably would have been a wise thing to do.