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Dear Ping Capital Investors

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November was, admittedly, a disappointment around headquarters. Rest assured, however, that the staff has been given a stern talking to, told they're all idiots, and given a graphic idea of what could be in store for them should December not improve.

Ping Exceptional Value Fund
November 2010: -0.6%
YTD: 102.2%

In the meantime, let's all send Team Ping our good vibes-- they're gonna need them it break 200 for the year!