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John Hancock Pfd Income Fund II Message Board

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  • jpete4 jpete4 Mar 31, 2009 8:15 PM Flag

    TIME to BUY

    I'm bullish on all John Hancock closed end funds HPI and HPS. Great management and now learned from last few months. 15% dividends that will only continue to go up as well as the price of stock. Im heavy invested to receive dividends as income. Anyone agree?

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    • Jpaul... I thought you were a slide economist..

      Mind you, I recognize the upside here, but it's true foundation lies on sand, as much of the rest of the world's economy is.

      The adjustment in the share price of this stock, seems adjusted. I dont see huge upside. Perhaps a long term $14/shr over the horizon is possible, if we discount the possibility of rampant inflation.

      I still see this bump in the market as most distinctly a bear trap. Throw your money in, to feed an ungrateful machine.

      I am still under the impression an 8.10-8.50 entry point in this stock is healthy for income investors. And IMHO, "the shorts" will show up at anything over $12.00.


      Again to cover my HPF thoughts;

      - Hold if your investment is for income potential;

      - Weak for entry.

      Outlook;

      Watch for anything 8.10-8.50 in coming weeks. The market's Volitility is stil extreme. This heralding the DOW is up over 8k will cost a new round of investors more money, ie it's a beartrap; It's not done consuming our wealth.

      Again. I am still out there waiting for the next wave to come in.. fyi. I rode it from 6,80 to 11.00 this last time.

 
HPF
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