Nice to hear from you again.. I've been selling some of my GABUX when I can get over $5.60 for it, I sold some at $5.90 and some at $5.70.... I need income ...it's getting hard to find funds that preserve capital and pay a high dividend. Some of the funds I've been buying and some I'm going to buy when the time is right are NCZ, NLY, PSEC, DVHL and CEFL. I also hold some bond funds AWF and ERC I sold my KMM and bought PSEC when it was cheap.
Hope all is well with you and your family.
Good luck to you.
The market will be down again for sure because Obama is going to bomb Iraq. The war that just wont end... This along with all the other B.S. going on will pull the market down. Like I've been saying here the market has plenty of reasons to drop 20% more and if support on the S&P breaks below 1,800 the market along with GABUX will sell off fast.
Some people are in total denial and think things are just fine. Turn off your idiot boxes "AKA TV's" start looking at the real unemployment numbers, the under employment numbers, 92 million working age people unable to find a job, along with the real inflation numbers not the #$%$ the GOV. and the fed is spewing out on your TV.... Take a look at all the layoffs from HP, Microsoft, IBM, Sears, Office Depot, look at Walmarts earnings way off.. Companies are burning there books trying to meet wall street estimates. The only reason this market has gone up at all is because the FED is pumping easy money at 0% interest into the market and the banks. Just another bubble waiting to pop..
I hope I'm wrong but the numbers don't lie.
Just answer the questions ..why attack the messenger.??
This is what he asked and you didn't answer one question.
I have one more question for you.. Are you being paid to pump this stock?
#1. Did you find out where China is and why that went silent yet?
#2, Did you talk to Burns to verify that NR?
#3.Did you find anything else out about LG Partners?
#4. Did you Talk to Tim Nimmo yet to find out his qualifications and what he used to do for STWA?
#5. Did you Find out why they again missed the oil show in Calgary?
#6. Did you find out why they are not in the world pipeline expo coming up?
#7. did you get a youtube video of Bjorn's presentation yet?
I've been reading your posts for years now. What do you mean by long and strong? Obviously this stock is TOAST. You made money if you bought and sold not if you held on here.
The market is the only place to make money, but it's also a place to lose money. This correction is only half over according to some so called market pro's.
If the S&P breaks below it's 1800 support level we will see a huge sell off.
Now that Obama is going after inversion companies this market has yet another reason to sell off.
Also the ebola scare, Israel Gaza war, Russia sanctions, the FED rate talk , the European Union going into recession and the political problems in the USA I could go on and on........
This market could easily drop 20% more.
"DRIP" Direct Reinvestment Plan it what he's talking about. Your reinvest the distribution usually at no commission charge from your brokerage.
I would say more like $5.30 today and $5.15 by the end of the week. It's tempting to buy more shares but this fund seems to just keep going down over the years. If it goes back above $5.60 I will sell half of what I own and look for a better place to put my money.
I've been looking at NCV and NCZ they have always been at to high of a premium but theyhave come back to earth lately especially NCV.... I sold some GABUX at $5.90 and some $5.70 I don't want to sell any for under $5.60 so I may hold and see what happens into Winter... All the sectors that GABUX is in are not doing well but I don't see them never coming back up. My concern is how the distribution is deteriorating the NAV of this fund and could be cut and then sell off.
You could be right. ..It wouldn't surprise me to see $5.15 this week. The question is when will the NAV go back up or will it ever go back to at least $5.70 or more. it doesn't look to promising to me. XLU and VPU were both down over 2% this morning GABUX is 49% in utilities could be a tough day.
LOL yeah, 2% earnings I need a bit more than that to eat and pay bills especially when the real inflation figures are around 15% or more.
Have a look at EGAS I bought some for under $10.00 a while back. Maybe I will buy some more if it pulls back again.
The way things look it may be back to the cotton fields Amos.... Ouch!!!!!