As hurricanes threaten many of our friends and neighbors, it seems silly, or perhaps even heartless, to write about anything else.
But as several of you asked why BOREF dropped from $5 to $2 yesterday, I thought I should respond. The drop was on a volume of 1600 shares. Presumably, some trusting soul — or perhaps the executor of an estate that held the shares — placed an order to sell those shares “at the market” and his broker, or some other dealer, paid $2. Scandalous. Had the seller placed a limit of $5, that’s the price he or she would have received. And that remains the price at which shares are currently offered. Nothing has changed.
Have a great weekend . . . as we all hope for the best for those in peril.
Quote of the Day
I'm proud to be paying taxes in the United States. The only thing is, I could be just as proud for half the money.~Arthur Godfrey (when the top federal bracket was 90%)
Request email delivery
- Mar 26:
iPhone Tips And The KGB
- Mar 25:
Of Deficits And That Mechanical Swan
- Mar 22:
Pins And Groats — Be It Ever Thus
- Mar 21:
Demand Your Carbon Dividend
- Mar 20:
Success! Why Do New York’s Mayor And City Council Resist It?
- Mar 19:
The Other Kind Of Bankruptcy
- Mar 18:
- Mar 15:
Pete Buttigieg And John Delaney
- Mar 14:
The Fifth Risk
- Mar 13:
Reader Feedback: How About A Stock Update?
- Mar 26: