DD9 still reads above grade level, though not as far above as many in her class, but she reads slowly.
knute, we're in the exact same spot with our dd11. She has good comprehension & reads above grade level but her reading speed is slow and she struggles with enjoying reading b/c it isn't a leisurely activity for her. However, she too is a very deep thinker and just plunking her into the "average" classroom fails to meet her needs more than does putting her in a GT placement where she may struggle with speed and organization but still needs many components of the teaching such as greater depth.
