Yes about 40% cash and I've been buying SDS (2x levered short SP500 ETF) as a hedge on my income portfolio and would add any profits from that trade to buy more CEFs when prices are depressed. Earning me 9.45% paid monthly and some up nearly 40% since I bought them. These are a great source of retirement income that most people don't know exist and they can be bought at a substancial discount to NAV.
Probably but I would't be surprised to see it drop a bit under the current level next week. Incidentally are you rotating out of Allot and into Procera with the big disparity in price now? Seems like a good move to me.
Perhaps Procera would have been wise to follow Allot's lead in not giving any guidance and therefore not get taken to the woodshed when it did not meet its stated goals. Certainly there must be some doubt out there that perhaps the weak 4th Qtr was not totally due to cable operators as JB stated, when those rosy forecasts failed to materialize for the second time his judgement may not be the only thing questionable in the minds of many investors.
Agreed except it would take a LOT of good news rather than "any" to move the PPS to the level you mention. However a look at Allot's recent history would suggest that a similar move, with some luck and good execution, is not out of the question.
Was also thinking that downgrades usually seem to come after an event as do upgrades, lets's hope but even a pullback will offer a further buying opportunity at this level.
The reality of all this is that analysts are on the bottom of the ladder at an investment house, it's an entry level position. Anyone with a memory of analysts projections in regard to tech in the 1999 may interpret this as a bullish signal, then again ???? Announced just prior to earnings is this going to be viewed as a great call, idiotic or a non event after earnings and conference call ????
red_sox I concur with your comments on Lehman's newsletters I subscribe to them both and recommend averaging in over a period of time or market weakness and be well diversified.
Tapering will continue, interest rates will remain low indefinitely. Housing is seasonal, are you aware of the weather conditions on the East Coast? That's the reason for a slowdown on new housing starts, a normal, temporary and predictable occurrence.
Is this the consolidation mentoned by Brear that slowed sales last Qtr.? Once the merger has been completed will it offer new opportunities for Procera ? Could they be negotiating now?
search, don't forget that pain for some offers opportunity for other's. We may see rotation rather than selling, time will tell.
I'm certain you're wrong about that but even if you're correct it's really a positive that buyers are stepping up to fill the void.
bronk, thanks for your homework, great job, very encouraging. That's a new holding and a big one, hopefully not many sales and this will boost institutional ownership higher. And if pk thinks institutional ownership isn't important or that there is constant rotation among them, then he is an even bigger idiot that his posts would suggest and they already suggest he is an idiot of monumental proportions.
I don't know one way or another not a buyer or a seller but thought this an interesting article.
This may be of interest, article from last March naming it a scam.