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All day, I can't see them going any higher than right here, but my stop loss is close so no harm done it doesTraderGirl wrote:Anyone watching treasuries?
Not sure I want to get into this at this point...Petsamo wrote:Buy PHK is you want dividends.TraderGirl wrote:Anyone watching treasuries?
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%
Ouch. here is some bad advice.Petsamo wrote:Buy PHK is you want dividends.TraderGirl wrote:Anyone watching treasuries?
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%
I always appreciate Petsamo's rec's...he makes some good calls...agunther wrote:Ouch. here is some bad advice.Petsamo wrote:Buy PHK is you want dividends.TraderGirl wrote:Anyone watching treasuries?
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%
PHK is currently trading 45% over NAV (Net Asset Value). It is a closed end funds comprised of bonds. I would NEVER pay 45% premium for bonds, especially in this kind of low yield environment.
EDIT: http://cef.morningstar.com/quote?t=phk
As long as the dividends are protected, who cares about NAV.agunther wrote:Ouch. here is some bad advice.Petsamo wrote:Buy PHK is you want dividends.TraderGirl wrote:Anyone watching treasuries?
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%
PHK is currently trading 45% over NAV (Net Asset Value). It is a closed end funds comprised of bonds. I would NEVER pay 45% premium for bonds, especially in this kind of low yield environment.
EDIT: http://cef.morningstar.com/quote?t=phk
Petsamo wrote:As long as the dividends are protected, who cares about NAV.agunther wrote:Ouch. here is some bad advice.Petsamo wrote:Buy PHK is you want dividends.TraderGirl wrote:Anyone watching treasuries?
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%
PHK is currently trading 45% over NAV (Net Asset Value). It is a closed end funds comprised of bonds. I would NEVER pay 45% premium for bonds, especially in this kind of low yield environment.
EDIT: http://cef.morningstar.com/quote?t=phk
PHK got slammed the past three days because dividends are suppose to have peaked. To what extent they will decline by, no one seems to know.
People are buying AAPL on forecasted future earnings & dividends. Current dividends are a joke
You can short what I buy, and buy what I sell. It's difficult to pick tops & bottoms.TraderGirl wrote:I always appreciate Petsamo's rec's...he makes some good calls...
The 11.7% dividend yield is an actual yield based on previous monthly dividends, not promised dividends. Check the link I gave. PHK trades like a stock, you can sell at anytime.agunther wrote:Petsamo wrote:As long as the dividends are protected, who cares about NAV.agunther wrote:Ouch. here is some bad advice.Petsamo wrote:Buy PHK is you want dividends.TraderGirl wrote:Anyone watching treasuries?
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%
PHK is currently trading 45% over NAV (Net Asset Value). It is a closed end funds comprised of bonds. I would NEVER pay 45% premium for bonds, especially in this kind of low yield environment.
EDIT: http://cef.morningstar.com/quote?t=phk
PHK got slammed the past three days because dividends are suppose to have peaked. To what extent they will decline by, no one seems to know.
People are buying AAPL on forecasted future earnings & dividends. Current dividends are a joke
Ok. I am not going to get into an argument. Do whatever you please. You can find Closed End Funds with distributions much higher than that, and yes they are promised. Doesn't make them good investments.
DIVIDEND != DISTRIBUTION of a CEF
A bond has a maximum price, at which price its yield becomes zero. Doesn't matter what the promised yield is, it will be eaten by redemption value.
Again, do what you please. I was just trying to help.
Yes, its a bond yield. I get that. But the real yield is not what it says on the paper, but calculated from the total return, since you will only get face value at maturity (that is why 10yr treasury yield is not 5% but 2%). Hence, with bonds already trading at the high end, you want to buy a CEF that trades 45% ABOVE THAT.Petsamo wrote:
As long as the dividends are protected, who cares about NAV.
PHK got slammed the past three days because dividends are suppose to have peaked. To what extent they will decline by, no one seems to know.
The 11.7% dividend yield is an actual yield based on previous monthly dividends, not promised dividends. Check the link I gave.
I got silver to 37 maybe 38 with one pullback inbetweenTraderGirl wrote:Remember that there is a big move coming for Silver/Gold coming on Oct 12th...going back looking at previous turns, it could happen within 2 days on either side of this date....
Looking at this chart of Silver, which way do you think it's going to go??