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Wells Fargo Advantage Global Di Message Board

  • kodiak11125 kodiak11125 Nov 16, 2011 3:18 PM Flag

    Summary: Plus and Minus for EOD

    PLUS: 1) High Interest Rate (approx. 9.7%) 2) Good diverse holdings of approx 70 stocks, incl. much preferred stock 3) low fees (approx 1.1%) for a closed end fund 4) large discount (approx 8%) to underlying stocks.
    MINUS: 1) bad chart due to poor momentum 2) money managers may have to keep dumping this until the end of the year to show a winning portfolio 3) European holdings undesirable due to crisis. 4) currency exchange issues due to strong dollar.
    CONCLUSION: Although a value now, the outlook for rest of 2011 is bad. If early 2012, this could be a buy if 2 things occur: 1) interest rates remain low 2) its chart improves, e.g. 26 week moving average changes from concave downward to inflection (straightens out). HOLD for rest of 2011; Reinspect in early 2012 for possible BUY.

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