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Douglas Albo
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Registered Investment Advisor. Prior experience includes 12-years as a Vice-President, Financial Advisor at Smith Barney and Morgan Stanley.
My company:
Capital Income Management, LLC
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  • Equity CEFs: What's Gotten Into DPD? 3 comments
    May 15, 2013 2:47 PM | about stocks: DIAX, DIAX

    If you own DPD or looking for a good hedge on the Dow Jones Industrial Average (DJIA), you might want to sell or short DPD up here at $16.05, up 4% right now and at a premium valuation.

    Looks like someone has a forced buy-in going on since I don't know why anyone would be buying DPD up this much otherwise. If any DJIA CEF should be at a premium, it should be DPO since DPO has MUCH more NAV upside than DPD in a strong market. DPO also has a higher yield than DPD too.

    Crazy things going on in the CEF universe!

    Disclosure: I am long DPO.

    Themes: Income Investing Stocks: DIAX, DIAX
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Comments (3)
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  • 7of9
    , contributor
    Comments (368) | Send Message
     
    Are DPD shares available to sell short? Has anyone tried? Might be hard to borrow.
    15 May 2013, 06:37 PM Reply Like
  • Douglas Albo
    , contributor
    Comments (694) | Send Message
     
    Author’s reply » I was able to get a few shares but you're right, its a difficult fund to short due to its small size.
    16 May 2013, 08:47 AM Reply Like
  • 7of9
    , contributor
    Comments (368) | Send Message
     
    I put in a test order. Could not short even 100 shares of DPD. Order got cancelled.
    16 May 2013, 01:35 PM Reply Like
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