This guy has been on Hedgeye's side from the beginning. Read the comments after the article. Look at the words he uses to sensationalize his article.
New article on Seeking Alpha that is positive for LNCO. I'm not sure if links are allowed here, but I will try:
I believe there is only one class action law suit filed, I think by Millberg. All of these other #$%$ are just trying to get a client to sign up with them so that they will get a piece of the pie, if there ends up being a pie. They put out a press release which is basically a free advertisement, and they almost all have similar wording. "Call us for more details". If they talk you into signing on with them, they are in the money. I noted this at the bottom:
"This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules."
Scum_bags from the yahoo news feed:
Faruqi & Faruqi
Kahn Swick & Foti
Wohl & Fruchter
Lifshitz Law Firm
Bronstein, Gewirtz & Grossman, LLC
PONDX is supposed to be one of the safer bond funds if rates tick up. It has short avg duration of 3.51 years. I won't claim to understand how they do it, but PONDX continues to excel even on days when other bond funds go down. Mr. Ivascyn seems to know what he is doing!
Any thoughts on PONDX risk in 2013?
axsjpinaz, I don't think you are correctly understanding how the ETF works. Current NAV is 109.00 and that is the actual value of the assets held in the fund. Market price is 109.09, a .09 premium over NAV. Market price can be higher or lower than NAV, dependent on current perception of trend. Over time, the NAV has risen from 96 to present 109 because the managers are buying and selling bonds in the fund, and making money at it! A new SEC ruling may be good for BOND because the managers will also be able to use derivatives (options, swaps, etc.) in the ETF, like they can in sister mutual fund PTTRX.
I'm with you on moving more into equities this year, but BOND will still be OK because of excellent management. When interest rates start rising they will always be exchanging assets to ensure some yield. Total return will not be as high, but will still be positive.
How do you find what the price change (.03) when it gets mixed in with div changes? Do some of the websites break it out or did you just calc it? Thanks!
It is on the PIMCO web site but they don't make it easy to find. Go to the main ETF web site, then Resources, then Dividends and Distributions, and 2012 is the last one on the bottom.
One other thought is there has been recent selling by those holding BOND in taxable accounts. They may be avoiding the cap gains.
Thanks, real Fred! I thought something was suspicious and I see the pattern now.
It is very sad to see the troll posts. How does it thrill you Mr. Troll? You get off on spending your time like this? Please seek help!
BOND took a .24 hit today and I don't understand what is driving that. Does anybody know? All the news I can find on BOND seems to be positive and I don't see any fiscal cliff events that might be impacting it.
I'm not concerned over the long term but I like to keep up with the news and the same news that impacts BOND also impacts my other BOND funds, which were mostly down too.
Fred, I hope you are correct! Merry Christmas to you too!
To the other idiots who post worthless nonsensical comments, please go back in your holes! (But have a Merry Christmas too! )
Thanks! Yes, Mihir runs my PONDX too and I agree that he is probably a genius, with his background in physics. I think people who think very logically without too much emotion are the best money managers, and he fits the profile!
Yes, and rumor has it a lot of funds will make extra effort to get as much dividends out the door in 2012, in case the tax laws change. Not sure if that applies to PONDX, but maybe.
It is hard to find much news or research on PETDX so I have to rely on the wise people here. What factors do you think will impact PETDX performance in 2013? The fund is very intriguing but I am also retired so I have to weigh the risk / reward carefully.
Should I buy now, after the cap gains and before year end dividends, or wait until after the first of the year?
One factor is that I will need to sell some other PIMCO bond funds to buy this one, and I anticipate some nice year end dividends on those!