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Fifth Street Finance Corp. Message Board

  • keltus1952 keltus1952 Jun 26, 2013 9:55 AM Flag

    GGN....I'm out....took a beating

    Sold near the open @ 9.31. Just bought last week @ 10.79. Can't fight the trend in gold any longer. Position wasn't very big so not a major loss in total.


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    • Hi, Kel: I also bought some on 6/20 at 10.29 and 10.16. I also thought about selling it today but changed my mind. Its most recent NAV was 9.90 and its 12-mo low was 9.10 on 6/24. I said what the heck and bought some more at 9.23 a few minutes ago. Its yield is still around 15.58% unless it cuts its 12 cents monthly dividend again. Of course gold price will continue to tank because everybody is so hard on it. AUY just dropped to its new 12-mo low of 8.55 today and I am considering getting some real soon. If you do not buy stocks when they are at their 12-mo lows, when will you buy? Of course, my time sucks and GGN may indeed drop again. I guess I would just have to buy MORE. LOL J

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