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.





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