Overall I think we will see upside for PHK in the short-term. Perhaps a pullback next day or so could occur I suppose but are yall also seeing a further leg higher? google awesome-STOCKS - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
PIMCO High Income Fund NYSE $PHK Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.8 In other words, the correlation coefficient of the other stocks
Thanks for the tip, I did some research and found more information about $PHK on http://yugestocks.com/?s=PHK Dean martin's definition of drunkenness: you're not drunk if you can lie in the floor without holding on. Investing trading stocks.
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what is the saying, when interest rates go up, stocks go down?
I see that this conversation site is a waste of time, as in not current.
this fund will be back @ $9.50 in a month
Ok I bought CSQ at 10.18 about 2 months ago at a -7.8 discount, its priced at around 11.05 now.....hmmmm WOW I bought a CEF that is going up plus paying dividends! It's a CEF that holds financial equities.....sounds trump friendly....... My Money Works for me and makes me money.....pays me 9.75%
Can still pick it up at a great discount Check it out
P.S. Joseph, EVT has not distributed ROC since 05/02/2016, it pays monthly, annual of 7.91% and is also a CEF that contains equities that pay dividends
PIMCO High Income Fund has maintained a sky-high yield primarily by paying out an unsustainable distribution. In its fiscal 2016 year, the fund paid out $149 million in distributions despite earning just $94 million in net investment income, or operating income.
Dividends coming soon and possible dividend reinvestment pop over the following days after. 👍🏻
The price movement makes this a capital gains player. Always rebounds. Collect some nice dividends on the way. Sell on gain then buy on dips. Pretty consistent lately.
I have bif--in their report they stated why "return of capital" distribution vs distribution from "earnings" is irrelevant. For example-- If the fund had 100% invested in a stock like berkshire, and never sold, all of its distributions would be "return of capital" and yet over the past 30 years, it would have turned out to be a tremendous investment.
Capital gains climb might be starting back to the $9's.
So they lower the div. The stock is still trading at a 37% premium. Here's what you are getting with this CEF. Divs = $.0483 Return of capital (your money back) = $.0324.
Fitch affirms 'AAA' preferred stock rating.
If your thinking of buying wait it's going to low 8's maybe mid 7's.
Good time to buy on the dip
No matter your views concerning PHK...the fund is resilient! PHK reminds me of the old slogan about the Timemax watch..."it can take a licking but will keep on ticking".
has phk ever increased div. after a decrease in div.
this fund still pays a healthy div% evwn after the cut for the price per share