Usually a volume seller shows up and then we really get a decline. I posted my "friendly advice" on April 29. Guess I was a bit early.
Junk bonds are more sensitive to credit risk than interest rate risk. Rising fed rate will influence cost of leverage.
I don't think think that even these clowns can loose all their money. So if they liquidated the fund, there seems to be plenty of equity to cover the preferred. They really should consider this, they do not know what they are doing.
If they could get out of the Alere acquisition, the stock would recover. It's a bad deal now and I believe there is fear over getting stuck with it.
At least they are earning the payout. The NAV was as of Feb 29' and was a disaster. But that was known, as you can see it on a daily basis. NAV is much improved since. XNCVX is the Yahoo symbol for the NAV.
NEVER use stop loss orders. Look at the major ETF s on the day of the August 2015 collapse. Your "safe" positions would have been hit for a major loss. By the end of the day, it was like nothing happened. NEVER use stop loss orders.
The divy stocks are starting to correct. Have patience on utilities, tobacco and telecom. And, after all, it's almost May.
Buy good companies that pay a dividend and sell deep in the money calls against them( I use the January Leaps) . You should generate 7% or so, with lots of downside protection. If you can't live on 7% you can't retire. Start with PG, SO, XOM. ED, VZ T etc. DVY, HDV give you instant diversification. Also XLU. You will have to roll the calls or have the stock called and re-establish positions. Rinse and repeat.
I really wish they would do an RO. They always do them at the wrong time. It will signal a market correction which I have been waiting for. I won't chase this premium, so a good old RO will restart the game.