Eric

Technical Analysis of ACM Income Fund, CEFs in General, Doesn't Make Sense

Hi JS,

What I meant in my post was that as a bond fund with around two-thirds of its assets invested in AAA bonds, even though it is leveraged, ACG is a somewhat conservative security, especially compared with an individual stock. Compared to just other bond funds, I agree that because of its leverage, ACG is not the most conservative option.

Regards,
Eric

Technical Analysis of ACM Income Fund, CEFs in General, Doesn't Make Sense

Thanks Jason. A lot of interesting new funds have been launched over the last few years, so now is probably a good time to start following them again. Many of the newer funds with similar strategies are trading now trading at big discounts, creating good investing/trading opportunities.

Eric

Technical Analysis of ACM Income Fund, CEFs in General, Doesn't Make Sense

Hi Jason,

I understand your points. The technical analysis I was thinking about was of the depth that was mentioned in the article, which is similar to what I have seen in other articles. It sounds like you did a lot more analysis for your trades. I was also thinking in terms of individual investors, which, as you implied, would have difficulty making profits after transaction costs with a small price increase.

Regards,
Eric