Just a note on  the portfolio gain reported earlier, the percentage gain is the average gain per company, and not the overall gain for the portfolio.  The actual gain could have been considerable more than reported, but we opted out of some positions to better position ourselves for new adventures on our radar.  This repositioning may or may not prove beneficial.  In the short run we earned less than we could have, but hope to make up for the reduced gain by more profitable picks in the future.