with nav 7.13 they cannot allow 12c distribution unless nav goes to 9 if it goes under 6.60 dan will report mgmt for( bill gross) negligence in running the fund to the ground
giving heads up im losing huge on btz and nro so scared of paying any premium see hits on pdi and pty for better value phk is according to dan a huge risk with no extra reward so best escape befor 7 is touched
back over 9 all margin calls must be in immediately or it will go in 7s by thursday dan screwed up when he paniced out early on his short.
looks like morningstar has destroyed the longs no bidders until stock price goes in 6s see my phf in 6s with nav higher then phk
maybe margin rates will come down and phk mgmt can borrow cheaper to leverage more top meet distribution?
new management must know it can keep selling assets to meet distribution hopefully nav of other assets will rise faster or bleeding may be massive. nav rose 1c today so we may be on tecnical rise
the phk people much smarter than me ie i own loads of btz nav 14.53 price stinks 12.53 2nd example i own moderate amount of phf i am the fool nav 7.70 while phf nav 7.15 am losing alot from last 4 months phf 6.60 phk 9.60 i have same portfolio like phk but trade like this so i give up help me dan the genuis
great idea maybe a rights offering at 1 share for 3 owned at nav brilliant idea Dan you should have replaced bill gross
very worried hoping junk cefs can turn around navs of this can drop 30 pct in one day nervous about bleeding worse then trump was with ms kelly