PTY has been good to us over the years, We've bought and sold, always at a gain. Today we sold 2294 shares at 18.27 for a gain of $5335.00 Just couldn't pass up a gain like that. Hope we don't live to regret it by watching PTY keep going up. But, then again, thats a gamble one takes when playing the market. Will be watching to buy PTY when the price is right Good luck to all.
DF, I think both. I think someone buying this at current levels will do OK over the time frame Gross suggested...but you get a nasty stock market correction and you can easily see a "16" handle on PTY.
Selling is the best strategy during the run up after the Barron's hype. My strategy is to immediately move the funds into RCS, a very similar Pimco fund that didn't move up because it wasn't hyped. Then after PTY settles back, move back to it and time your transactions so that the trades are profitable. Good luck investing.