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They're getting there. Closed-end investment funds take it on the chin again, with the PIMCO...

They're getting there. Closed-end investment funds take it on the chin again, with the PIMCO High Income Fund (PHK -6.6%) leading. At $10.56, the fund no longer sports a ridiculous near-75% premium to NAV, but with NAV currently at $8.32, there remains a wide gulf.
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Comments (10)
  • Regarded Solutions
    , contributor
    Comments (19010) | Send Message
     
    Here is some income ideas:

     

    http://seekingalpha.co...
    14 Nov 2012, 11:55 AM Reply Like
  • Ben Bernankes friend
    , contributor
    Comments (473) | Send Message
     
    Feeling it in COY too. Though it was a no where near a 75% premium.
    14 Nov 2012, 02:18 PM Reply Like
  • Borbastic
    , contributor
    Comments (208) | Send Message
     
    Yep, they are all being taken out and shot today, premium and discount.
    14 Nov 2012, 03:05 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    These funds become targets in panic selling. Watch for a bottom and pick carefully - the climb from 2009 bottoms to the relative peaks was spectacular for those with cash to pick.
    14 Nov 2012, 04:54 PM Reply Like
  • Ben Bernankes friend
    , contributor
    Comments (473) | Send Message
     
    They do tend to snap back fairly quickly if we do a get any rebound, I have noticed that as well.
    14 Nov 2012, 05:04 PM Reply Like
  • henrydebbie
    , contributor
    Comments (6) | Send Message
     
    Great buying opportunity today. Probably be better tomorrow.

     

    Might be terrific on Friday. I bought PFN and PTY today.
    14 Nov 2012, 05:25 PM Reply Like
  • alltypecoll
    , contributor
    Comments (13) | Send Message
     
    Sold @14 and I am glad I did thanks to comments here
    Will start new position at this price range
    15 Nov 2012, 12:58 AM Reply Like
  • yoyoman945
    , contributor
    Comments (3) | Send Message
     
    I should have sold it when the bad news first came to public....
    Oh well !
    15 Nov 2012, 02:10 AM Reply Like
  • bkmon
    , contributor
    Comments (2) | Send Message
     
    I think I will wait until fund managers close out their year.
    15 Nov 2012, 03:48 AM Reply Like
  • bkmon
    , contributor
    Comments (2) | Send Message
     
    I am an individual investor, recently retired. I am trying to combine 401k plans etc. so that they make sense and generate income. Comments found here are interesting and seem similar to to the thoughts
    I have about investing.

     

    best regards
    bkmon
    15 Nov 2012, 02:07 PM Reply Like
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