You ought to read the article. The part where PIMCO stated that Mr. Gross never told reuters that...............
Go figure, the news is full of dung.
Don't bother. The resident moronic idiot AKA dannyboy has been WRONG for over 5 years now .. He is working on 6 now. Proof that STUPID STAYS SUPID.
Laugh at the fool.
It is really simple, two thirds of Thursday's volume was short, three fourths of Friday's was short. Bottom line, BUY LIKE HELL on any weakness tomorrow, as the idiots HAVE to begin delivering.
Under no conditions sell now, buy instead and hoist the morons on their own ill advised trades..
Of course if 2/ 3 rds of the total volume is short sells, like yesterday, and today from the looks of it, the stock price will decline. Goods news is that the clowns will have to start delivering Monday afternoon.
You really ought to look into loaning out your shares too (to the short selling idiots). Every day you receive additional cash (interest) from the fees paid to borrow your shares. Interactive brokers will pay you 50% of the total and handle all the process. Other brokers pay you a lesser amount Some won't pay you a cent. Of course those brokers are not allowed to loan your shares if they are fully paid for. Who knows if they follow that rule or not....
Bottom line I'm picking up an additional income stream from doing it. Might be half the dividend amount, might be a quarter, but what the hell more is better and it all spends.
Just keep paying me every day (for borrow interest) and the juicy monthly pil. I will be happy spending the REAL MONEY, and you can lament about nav. TA TA for now kid. Another payment coming soon.
You want to know to know something, you brain dead idiot, anyone brighter than a bag of rocks, (leaves you out) can generate unlimited profits from working this silly equity market. We only hold positions in passive income generating investrments like phk to cover our nut. Leaves us free to laugh at the arm waving stupidity of morons, such as yourself, as you dance about waving your puny arms like a ruptured duck, warning us of the dire perils of not following your asinine advise..... PLEASE do the world a favor... Eat a bucket of dung, and die dannyboy....
Porsche seems to have you pegged though dannyboy. Of course that is easy to do as you haven't had an original thought in 5 years. Don't look now but you will be on the hook for another pil payment soon. Tic tock
Unfortunate that you are so poor that you worry about such trivial #$%$ dannyboy. No worries though, even you could become wealthy some day. Hmmmm well I guess you never will.
As usual you are WRONG. The nav decline stemmed from the financial crisis. It has tripled in the past 5 years. More than tripled, all while paying those steady monthly dividends............
Bill Gross took control when everything tanked. PHK (and pgp for that matter) maintained their dividend while so many other etf's were cutting theirs.
Your problem is that you think this fund merely buys and holds a set portfolio of assets. If that was the case your precious nav WOULD be an important number. Too bad what you view as a law of the universe simply does not apply here...........
Grading apples with the same guidelines as what is right for grapes is really stupid.
Is that why you do it??????
Do learn to look at the total picture kid. If pdi paid out a steady cash flow,, at a rate like this fund, it would trade at a premium too.
It is all about CASH income
See how simple it is.
To help you in your abominable ignorance, dannyboy, who cares a whit about what some other, obviously incompetent, management team did in some other unrelated fund. The managers HERE have produced outsized CASH flow, while actually GROWING the nav. Been happening since the crisis. You recall the crisis? That was when so many cef's CUT their distributions, and when idiot short sellers, such as yourself, were here proclaiming that the dividends here were about to be slashed.
Again, attempt to spend any premium. It will buy you nothing.
Do continue however to PAY ME every month the p.i.l. AND borrowing fees. I enjoy SPENDING YOUR MONEY.
What is this cornerstone you constantly harp about???
PDI was a deal at 24. Not now.
You care to project a date for the impending collapse we have constantly heard of FOR the LAST 5 YEARS...
Just a prediction of what decade will suffice.
Hells bells 10 years from now you will undoubtedly still be here, still repeating the same clap trap, right off your prepared script.
Are you really as foolish as you seem to be????????????????????
You would have to ask whoever was running the fund then..... Since Bill Gross took over your be all and end all, UNSPENDABLE, nav has increase 3 fold.
Run along and find more etf's trading at a discount (always for a reason) buy those dogs. and ATTEMPT TO BUY A LOAF OF BREAD with that WORTHLESS premium.
I will continue to spend THE REAL MONEY paid me every month..........Both by the fund, AND idiotic short sellers.
Straight from page 2 of your script...........
If YOU would look at the end of year breakdown, you would see that the supposed R.O.C. has been tiny. Your unknowing assumption that the distributed CAPITAL gains is where the reported r.o.c. is coming from. As for the nav (even though there isn't any way you can spend nav) you would be forced to ADMIT that even while distributing the OUTSIZE monthly pay outs it has tripled since the melt down..........
Focus on your unworthy parameters all you wish too, give up thinking such useless guidelines apply here. This fund is not one of your static normal etf's We pay the premium because management continues to ,make all the wise trades......
Meanwhile you do continue being short. I enjoy SPENDING YOUR MONEY every month.
Give you a hint kid. The future dividend stream will CONTINUE ...... Month, after month, after month, after month. Just as it has for the 60 months you fools hoped for a cut.............................................