Alpine Global Dynamic Dividend Fund (NYSE:AGD)

afried7 (< 20) Submitted: 7/4/2008 2:49:52 AM : Start Price: $8.79 AGD Score: +78.14

I have owned this fund from $18.78. This fund has dropped some 25% for the 6 or so weeks that I have owned it. As a reference other similar funds like DOP and BFD only lost 11.5% during the same time frame.

Also looking at the graphs other similar funds tend to rise and fall at somewhat the same percentage. I noticed with ADG that it will rally with the market but at declines it losses over twice as much. That is a sure race to zero. Something seems broken in this model. I have severe concern about the competency of those running this fund. I have tried to call and apparently they have so many calls a machine asked me to leave a message. I did but still did not get a return call.

As soon as the market rallies a I will sell even at a substantial loss and put the proceeds left in the other 2 funds where I may have a prayer in earning back some of my losses.