You are, in effect, selling the first fund and buying the second fund. And when you sell that fund, you have a taxable transaction.

if you're dumb enough to buy it i'm smart enough to sell it to you.

The second record didn't sell as well and I think if we were on a big label, we might have been passed up on for the third, but they're a smaller label and the owner (Steve Gottlieb) likes us. So I think we deserve that chance with the first record doing so well.

Buy what thou hast no need of and ere long thou shalt sell thy necessaries

Any price dip has been quite well supported by fund buying, and aggressive selling has been discouraged. The positive sentiment remains very strong and people are looking for further price gains.

When I was in France, ... people selling the cheese and buying the cheese were ordinary people, not sophisticates.