Look at CBEH, AMCF and the other empty shells. CMFO is not going to explode higher because of Prescott. It will explode higher because it is an empty shell which someone is playing games with. Although we can never know who is Pumping these things - we can hope that we get our turn.
So when has the SEC ever collected even a penny for US investors? Instead if they do anything, they collect money for themselves and then delist the stock.
Prescott is buying like mad and ignorant retail investors are too, yet it's only MMs who are keeping the price down?
Amazing thought process!
Looking at the 10Y can help. Many expect it to head back to the 3.5% range and not to more than 4%. If that is an accurate prediction, one can check the charts for FFC and see that it traded in the $14 - 16 range then. It sure would be nice to be able to pick this up at $14, but I think that would take a lot of panic selling. Most likely the best play is to buy any panic selling on heavy volume below $16.
Who cares about that - I only want you Pumpers to put your money where your mouth is and BUY. Make my trading account GROW!
Sounds like self-justification for holding a losing position to me. As the Fed pulls back on QE interest rates will head above 3% and the scare will let me lock in 10%+ rates on such things as FFC and EHI. I only like to shop when there's a big sale. I'll leave it up to others to pay full-price as someone did @$21. $16 and below still looks like a more reasonable price to me.
Have you already forgotten that your "income generator" once fell all the way down to below $7 where I first got in?
Can you guarantee that the Fed with its roller coaster philosophy won't take us there again?
The reality is that trading this a CEF is the same as any other asset. Ride the price up and get out before the crash!
Go to CEFConnect and call up the long-term dividend history. And what happens as they are forced to roll over into new issues paying less as interest rates continue to rise?
But if the US in stuck in a Japan II economy - if this falls to $16 you might want to buy more of this or its cousin FLC.
Nope I sold my BSPM shares at a profit long ago, as I guess in hindsight, I should have my DGWIY and WKBT shares. I made a fortune trading the Chiscams when they were hot and then decided to take 50% of my profits and spin the wheel one last time to my disgrace.
At least now - who knows why - the Chiscams are on a roll again. I call it the "Bigger Fool" theory. I've made back more than half of my loses trading SKBI, CMFO and a few others.
Yep - I sold half and held on to the rest. Didn't you read my "Chinese IPO" post where I said the following:
All you Pumpers might want to go and read the Yahoo article - China may see IPO thaw in 2014 as regulator smoothes approval process. Maybe you'll get a break - well at least those who bought at 20 cents and below.
Maybe Liu knew this was coming and made a secret deal with Prescott to buy all shares for 50 cents or so. Maybe even I will hold onto a few 20 cent shares instead of continuing to churn them all.
Again did you actually read the study?
Saying that US reverse mergers are more toxic than chinese reverse mergers makes you happy?
I instead gathered from that article that reverse mergers of any kind should be avoided; although maybe the odds of buying one are better than a lottery ticket.