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Nuveen Real Estate Income Fund (JRS) Message Board

  • hungrydoggy hungrydoggy Jul 7, 2008 3:17 PM Flag

    manipulation

    Down 7.4% so far today (2 PM on 7/7/08) with an annual dividend yield of 14.3%. This at a time when a bank CD pays 4% or less!!! With a 14.3% yield, even a drop in NAV probably wouldn't justify this type of drop.

    I don't know why the price is dropping. It could be that some hedge funds or some big investors are playing games with the stock and that they may have set off a bit of panic selling.

    If I had the money to invest, I'd add to my position right now.

 
JRS
11.742+0.092(+0.79%)Mar 27 4:00 PMEDT