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Nuveen California Dividend Adva Message Board

  • zbgb952 zbgb952 Aug 14, 2013 3:34 PM Flag

    sold this piece of s**t today

    one of the worst purchases i ever bought..lost over 21%on this pig.

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    • It amazes me how you can lose 21% on this from your buy date of 7/29/13 to your sell date of 8/14/13. The price drop in that same timeframe was only 3.2% and that assumes you bought at the intra-day high of 12.64 on 7/29 and sold at the intra-day low of 12.15 on 8/14. Perhaps you missed the concept that leveraged muni's are for tax free income and not capital appreciation. Particularly in the face of raising interest rates.

      I'd recommend you spend a bit more time on your DD. Better luck on your other investments.

      Sentiment: Hold

 
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