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Couldn't short PHK on Monday so shorted PHT instead at 18.37, covered this morning 16.37
For some reason I used to think Gross was one of the more honest ones, after this fiasco I will never do business w PIMCO ever..
"If a fund trades consistently above NAV, it is usually a reflection of investors' perception that the yield these #$%$ets generate will be maintained."
I also noticed the 20k sale back in August
what a sleazy #$%$ motherf*cker