You think that history will repeat itself and even if it does when are you going to re enter and at what price? If you hold and price goes down 15 cents you will recover that with 2 months divy and still have your good entry price to play with. It does not make any sense selling before RO and even than I will sell only half, get my RO shares, average down and keep collecting those divies.
I said that I dont know if CLM raises distribution with NAV , I am in Company DRIP and I only own CFP and I am looking at CLM.
Both have similar returns unless CLM has "managed distribution" and what it is and how it works.
You are right I was looking at March contract, still thinking short since I shorted at $3.25 and on the first up tick I will short more.
I dont know if CLM raises its divy every time NAV goes up and if it doesnt CFP and CLM will bring same return on investment at current prices. Actually at $100.000.00 invested CFP will give you $40.00 more per month.
Just a simple math.
Your math is right but your thinking is wrong. These days to buy and hold is suicide, so if you know how to trade you can make big money on CFP, if you buy at SO, keep for 5-6months sell and than repeat. NO CAN LOOSE.
I dont think that I will be selling them instead they will help me averaging down. I am receiving 360 shares a month and over time it will knock socks off my BE point. The other way if I sell them I make $360.00 extra on divy and that is not bad but considering another RO I will average down.