Wednesday, April 11, 2007 12:04:22 PM
EPP tripped a sale yesterday after almost a year. 51 weeks ago we sold enough to push the Cash Reserve above the 33% threshold that we maintain as our maximum level. So, in December of '06 and again in February of this year we passed on the AIM advice to sell and instead increased Portfolio Control by half the AIM directed amount.
This sale came with the reserve level at 32.7%, just under our threshold. Post sale the cash level is up to 40%, so it will be a while before we see another sale.
Best regards, Tom
This sale came with the reserve level at 32.7%, just under our threshold. Post sale the cash level is up to 40%, so it will be a while before we see another sale.
Best regards, Tom
Port Washington, WI 53074
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