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Alliancebernstein Income Fund Message Board

  • Freddiemanilo Freddiemanilo Nov 16, 1998 1:53 PM Flag

    EMF..

    With respect to Technical Analysis:
    Moving
    Average Convergence/Divergence (MACD) indicates
    a
    BULLISH TREND
    Chart pattern indicates a STRONG UPWARD
    TREND
    Relative Strength is BULLISH
    Up/Down volume pattern
    indicates that the stock is under
    ACCMULATION
    The 50
    day MOVING AVERAGE is rising which is BULLISH
    The
    200 day MOVING AVERAGE is falling which is
    BEARISH

    LOOK FOR SUPPORT AT 13.73

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Hello Different Drummer,

      ACG is, in
      essence a common stock on the NYSE, and as such should be
      transferrable to any broker. I have transferred twice in the
      past three years and it carrried through ok. The types
      of securities that I was unable to transfer were B
      and C mutuals
      and those type of funds that are
      special products of a particular broker. I think they are
      generally referred to as propriotary (sp?)funds. I never
      buy any of these anymore because if you want to
      change brokers, you do, as you indicate, have to sell
      them and that may act as a restriction to your
      financial goals.

      Actually, I have been thinking of
      transferring to Datek. If you have time to let me know
      anything good or bad about them I would really appreciate
      it. Can you get a debit card with them?
      checks?

      Thanks and good luck with your investments. Hope
      everybody makes a good
      return.

      Sincerely,

      Andy

    • I have a friend that uses DATEK and he just bought ACG so I think you are wrong. It is sold on the NY stock exchange and any on-line broker should be able to get it. I own ACG through Charles Schwab

    • I think your wrong.I have ira and regular at
      Datek.I do not own ACG now but I have bought/sold ACG in
      both accounts.Just doesn't sound right.Just stoped in
      to see if anyone had thoughts on ADF,AWF,TEI,EMD, or
      FUND. Sorry but we have no messages boards and this is
      similar type investors.Get's lonely in closed end funds.

    • This was posted on Friday--
      "Nov. 13, 1998,
      ACM Govt. Income Fund Inc., "announced Sept. '98 3
      mos. net invstmt. inome, "$0.20 vs $0.25 and 9 mos.
      net
      "invstmt. income, $0.66 vs $0.72.
      "Net asset value per
      share was $8.76 at Sept. "30, 1998 and $10.94 at Sept.
      30, 1997.

      With a little projection you get
      income for the year between 0.80 and 0.88 per share.
      This is NOT enough to cover a dividend of 0.90 per
      share!

      The NAV of $8.76 gives a premium of 8.5% for the
      current price of $9.50 and a premium of 57% for the
      purported support at $13.73
      A positive premium does not
      make sense when both earnings and NAV are
      decreasing.

      Sorry, fundamental analysis says that this stock must go
      down. This is not an internet stock, but a bond
      fund!

      P.S. I just sold out today.

      • 1 Reply to BrainPus
      • I tend to agree with you about the future market
        value of ACG. Actually, the current NAV is
        $8.59.

        It has always been a mystery to me why ACG sells at
        such a premium to GSF when their portfolios are almost
        identical and their income from investments are also close
        to the same. GSF seems like a better investment.
        Periodicly the market values of ACG and GSF come together
        only to spread apart again. Maybe ACG has better
        market performance because of their Value Line listing.
        Other opinions would be appreciated from those who
        follow Alliance Closed End Funds.

        As for their
        $.90 dividend, some Alliance customer service
        representatives have told me that Alliance may have changed their
        dividend policy in their closed end funds and may hold
        dividends steady by combining investment income with return
        of capital. I wouldn't bet the farm on it though!
        After many years of investing in Alliance funds I find
        the credibility of Alliance information to
        shareholders shallow and unreliable. Again the experiences of
        others would be appreciated.

 
ACG
7.41-0.060(-0.80%)Dec 18 4:02 PMEST

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