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Nuveen Real Estate Income Fund (JRS) Message Board

hungrydoggy 2 posts  |  Last Activity: May 18, 2016 10:05 AM Member since: May 23, 2008
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  • Reply to

    Stock Price

    by rcairo98 May 17, 2016 5:13 PM
    hungrydoggy hungrydoggy May 18, 2016 10:05 AM Flag

    Me too. Owned it forever collecting dividends. I barely glance at the price anymore. Whatever the price per share I've more than made it over several times on dividends.

  • Reply to

    Stock Price

    by rcairo98 May 17, 2016 5:13 PM
    hungrydoggy hungrydoggy May 17, 2016 8:43 PM Flag

    David is probably right. There were two unusually large sales this afternoon and several smaller but still significant sales orders in between. It looks like some large institution was selling. It might not be over. It is doubtful that the sales were about PHK. Whoever was selling probably needed the money for something else.

    I've had this happen from time to time about a dozen times with other funds I've owned. Its scary. Another fund I owned (HPF) once dropped $0.40 a share within seconds in a sudden selling spike and then later recovered over the next few days. My experience so far has been that it never has any lasting effect. After it ends the price recovers. While we don't know for sure who is selling or why in my opinion this selling probably has nothing to do with the fundamentals of PHK.

    Sentiment: Buy

JRS
12.32+0.04(+0.30%)Jul 25 4:00 PMEDT