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Hi again, Joel!

Sound thinking in your post!

My remarks about doing real well on adding more CFCpB if BAC were to bankrupt the CW unit count on the price of CFCpB dropping way below current levels. How far? I don't know, but my guess is a short-term drop to prices in the $12-15 range as folks panic, without doing the research that you have. During the 2008/2009 debacle, I picked up some in the $6 range, and while I don't believe that price will repeat, I never underestimate the power of the press to panic retail investors...and sometimes even the "pros". ;-)

Of course, the desire to add will be tempered by the then current situation at BAC itself--how likely are they to go under/perform strange and wondrous financial manipulations, etc.

As to selling CFCpB, like you, I got a bit greedy. I had limit orders in to sell about 25% of my position at $25.25....it got close, $25.18, I believe...and my rationale for setting the limit so high was the same as yours: no better alternative in the space.

I guess "pigs git et". ;-)

Thanks much for sharing your thoughts on this holding...valuable info!

Cheers!
Murph
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