They should be paid only accordingly to the performance of the stock they recommend. But regarding regulations of Wall Street we are still in Gekko's land...
I do agree. Ag prices looks very interesting right now. I do not want to add risk in the same sector but I'm temped to buy physical corn and wheat. Anyway my real worry is the general market. It is due for a pause after the good run and this is a high-beta stock. Also all the fuss concerning tax inversions does not help even if the issue has been already addressed.
If you draw a chart you'll notice the correlation of CF with ag prices is virtually zero in the short and in the long term.
No news and with the general market in recovery it has already retraced lots of the gains. It should have been close to $38-39 instead it dropped a few bucks. It makes no sense. Since the deal with OCI has been announced the dynamics has become unpredictable and quite annoying.
the volatility of this stock doesn't make sense....every day up/down around 5%...anyway the better environment for Ag products is giving a kick at least to close the gap of Jan 6th @$39.
just peanuts...we need to close early the merger then resuming buyback. I thought we would test the $39s this week. Very disappointed by the performance in an bullish environment. I did not buy gold 'cos I thought it would have fallen during a rebound of risk and then I see CF and pharmas declining while gold miners flying. Speechless..
I do not mind much about the common shares but I'm worried about the preferreds that I own. When you see bonds trading lower than 80 cents it means something is wrong. I am still convinced the problem is not the credit worthiness of NYMT but the common stocks that doesn't stop dropping. Unfortunately they drive also the preferreds in a sort of vicious circle that needs to be broken ASAP!
Unfortunately I'm stuck with RFT, I won't get out of it until it's more reasonably priced even if the common at such low prices is more liquid and maybe worth a switch.
I meant it's very cheap IF the merger goes through. It seems nobody wants to own a very long bond issued by private company. It is understandable since there will b lack of news without SEC filings.
I think more probably going to happen by end of 2Q. The baby bond PNX is given for free at current prices. Did u check that?
I am speechless. This fund has no friends. When nav is down price is down more, when today nav is on a tear will all emerging currencies gaining vs USD and risk ok...price doesn't almost move. It seems the leverage is working only on the down side. At least I'm still collecting divindends but management really needs to speed up intervention. Otherwise better some activist that shakes up the board and push for a closing of the fund. At least we could see the NAV!