peejay2, I agree with you and to be honest it mirrors in some...

peejay2, I agree with you and to be honest it mirrors in some ways my own portfolio, where some "expensive" stocks (which I don't own) are booming and my "cheap" stocks are getting cheaper. I'm not a value investor but on the other hand I don't buy stocks just because they're going up. I think in many ways the world has gone mad and I'm not sure how it's going to play out. But I think it pays to keep a cool head and either stick to your underlying thesis (as LSF seem to be doing) or get out altogether (which we can all do at any time). For now I'm sticking with it, not least because the discount is so great and I still think there will be steps to close it further.