This makes no sense. No news, they have made a turn to profit and it keeps going south. Something fishy? Also cannot get any seller to say why they are selling. Not even a reply like " moving to other investments" .
Any thoughts and if you sold, please say why!
We are talking blood! If the Dow goes down a 1000 points with a correction, I can see $4 25 Nav. All the past years + distribution lost. This fund needs the Adm to give update and reply to the correction, what to expect? Not even close to market preform and with a big Adm fee. Mario need to talk!
This is down, down, even more than the general panic caused by the press. The press is so much in control of what the market does. Doom and gloom sells. As of now I have cash (60% of investments) and hope that the panic gets done fast. I hope for a 800 pt Dow drop, really. Never held these ETRACS and not good so far. No idea as to what runs the share prices. My research said play long, did not see the general market sell off that is on right now. Best to all, any thoughts appreciated.
Market up 154 pts and GABUX up 0. I do enjoy div, return of "capital" is good but the share price still needs to be somewhat in line with the general market. There is a disconnect.
It was after hours news, thus not a bunch of people will know this. Hope it bounces up tomorrow. They are for real but being small it could take more time than a bigger company.
Rewards could be big, I hope.
I have several dividend plays. Most now are down form 5-15 % in the last few weeks. This fund pays about 9% and share price has not declined. Anyone else having the same experience with dividend fund share prices declining or do I just hold bad funds?
Like a rock, I wonder how people trade this. Would seem it would be a long term hold, but looks like people get in and out like changing clothes. Any one out there understand the share price drop from 25+ TO 22.20.
Lets have CNBC interview Mario about the fund share price in this bull market. Press the issue. This is a melt down with no comment from the people who have our money and trust.
With regard to Russia. Only certain groups are restricted and those that are can seek relief from the US to continue pre-contracted projects. Not sure that SDRL is restricted. Hopefully the company will keep investors advised. EXON has stopped some projects and this could open the door to other drillers who are not restricted.
Saw lots of small guys sell on panic. The message board types! No big lots sold. I will hold! Best to all how ever you spend "your" money. I love it when someone tells you how to use "your" money. A joke and mostly "shorts" . The market should stop shorts and we should boycott trade groups that do "shorts". Lets get the ball rolling! You pay for your investment service and they borrow shares for your stocks to go down, go figure.
Thanks for the good thoughts! For every share sold one is purchased. I see some panic selling now by the small guys. Not seeing big lots.
So why? When interest rates were much higher in past years GABUX share price was also much higher. Check the past rates and GABUX prices. From what I see GABUX is off course. I enjoy the distribution but very concerned about share price when in a record market. Please share your thoughts.