A lot of different issues besides Barrons stating the obvious issue of NAV.Looking at the charts for the last 10 years this stock goes down the second and third week of october like clockwork.Could be hedge funds shorting on that or end of fiscal year sell off? What we do have is the best bond fund manager in the world.The stock has a $4 spread so we are still in the norm.
to Helmut--the "best bond manager in the world" as you call it is selling its management services for a tiny fraction of the $4 (50%) spread in other funds that it is manages. How is paying 50% of your investment assets, to get the same services that cost close to zero percent a smart thing to do???
Unless you believe THIS pimco fund is buying "magic beans" which are worth much more than "ordinary" beans.
It is amazing how the longs suddenly see an October pattern, now it is so CLEAR. I guess they knew about it all the time, probably sold out before it happened, but didnt want to enlighten the plebs who frequent the message board--lol + sarcasm here.