10/11/2012 Live Update

[fehro]

NAZ going red

[CMT]

Anyone watching treasuries?

All day, I can't see them going any higher than right here, but my stop loss is close so no harm done it does

[ClarkW]

Was about to write that IWM was hovering around 61.8% level on today's up move but has now went through it...

[TraderGirl]

Anyone watching treasuries?

Buy PHK is you want dividends.
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%

Not sure I want to get into this at this point...

Either this is ABC down, or the 3rd wave of 5 waves...in any case with this move down, there is most likely more to come...may stay up on a bounce, but be careful...

[Cobra]

members only update at 1:56pm: http://www.cobrasmarketview.com/2012/10 ... ay-update/

[MrMiyagi]

Let's see if this thing is working...

[agunther]

Anyone watching treasuries?

Buy PHK is you want dividends.
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%

Ouch. here is some bad advice.

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]

Gap up or down tomorrow will depend on what Europe wants to do.
Nikkei, Hang Seng, India are being left alone. EWG (Germany) is selling off with SPY. If we end here, Europe will gap down tomorrow

[TraderGirl]

Anyone watching treasuries?

Buy PHK is you want dividends.
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%

Ouch. here is some bad advice.

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

I always appreciate Petsamo's rec's...he makes some good calls...

[Petsamo]

Anyone watching treasuries?

Buy PHK is you want dividends.
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%

Ouch. here is some bad advice.

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.

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're suppose to buy securities based on "return on investment" or dividends.

[fehro]

25th Anniversary coming up on Monday... 3rd Monday of October.

http://en.wikipedia.org/wiki/Black_Monday_(1987)

[agunther]

Anyone watching treasuries?

Buy PHK is you want dividends.
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%

Ouch. here is some bad advice.

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.

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.

[Petsamo]

I always appreciate Petsamo's rec's...he makes some good calls...

You can short what I buy, and buy what I sell. It's difficult to pick tops & bottoms.

[Al_Dente]

Dumb question NOT MARKET RELATED for computer geniuses on board
Is there a Ctrl + something key that will automatically type in the date and time on my word-4-windows program?
Mucho thanks in advance

Old Folk song: http://www.youtube.com/watch?v=qcwP2ulx ... re=related

[TraderGirl]

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??

[Petsamo]

Anyone watching treasuries?

Buy PHK is you want dividends.
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%

Ouch. here is some bad advice.

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.

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.

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]

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.

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.

Now you dragged me into another post. Last one.

[Jack12]

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??

I got silver to 37 maybe 38 with one pullback inbetween

[PLUNGE]

Blair Hull, my local buddy in Sun Valley, ID, is the guy that stepped in to buy SPX futures after hours on Black Monday to cause the reversal. The CBOT chairman at that time credits him with preventing a MELTDOWN. He's now a Quant. BIO here: http://www.turtletrader.com/trader-hull.html

[MrMiyagi]

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