Is Your Universal Opportunity Shrinking?

Michael Boney under New York City two questions one last year you discussed in your annual report your investment in general dynamics and you also gave your proxy to the company and its management. This year it appears you have sold the stock this year what has changed that you sold 20% of your stake. Question number two. In 1993 the variation between the stock price for the high and the low was much greater than years than years in the past would you mind commenting on that.