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What was really hard to figure out is that NSAM rallied 5% on Monday, April 14, immediately after the regulation proposal was announced. Who can explain that?

Well, Mark, perhaps its because NSAM's income is mostly about publically traded REITS versus private....and the proposed rules my not survive intact...

Cheers!
Murph
Home Fool
( long NSAM and sold NSAM puts when the fear set in )
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