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Mercy Jimenez

Mercy Jimenez
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  • QuickChat #270, April 2, 2014 [View instapost]
    LT -- another support point that today should be volatile -- futures are positive but both (SDS) and (SPXU) are up a little in pre-market.
    mj
    Apr 17 09:23 AM | 5 Likes Like |Link to Comment
  • QuickChat #270, April 2, 2014 [View instapost]
    WT -- that is some of the most amazing footage I have ever seen. One minute we see the world moving along normally and in the next second the world is turned upside down. This is a retrieval of quite a gem.
    Thx,
    mj
    Apr 15 09:24 PM | 7 Likes Like |Link to Comment
  • QuickChat #270, April 2, 2014 [View instapost]
    I wanted to post an answer to a question I received in a pm re: (HYD). One site I like for tracking inflows and outflows on ETFs is the dividend channel: http://bit.ly/1jJ9Q2G
    It is useful to see outliers in either direction on a week over week basis, the month by month dividend distributions etc.
    mj
    Apr 15 09:13 PM | 5 Likes Like |Link to Comment
  • QuickChat #270, April 2, 2014 [View instapost]
    Hey Alex --
    Yes I like to see Pimco insiders buying this fund. Bill Gross owns nearly 600,000 of these shares and many other Pimco insiders have bought also. http://bit.ly/RmhzdP
    mj
    Apr 15 01:04 PM | 3 Likes Like |Link to Comment
  • QuickChat #270, April 2, 2014 [View instapost]
    Hi Joseph,
    (MUB) is on my watchlist -- although I like the higher volume liquidity of (HYD). Agree with the duration risk you point out -- and that is why I watch my allocation % carefully. At the moment IMHO higher rate risk is likely to visit us deep into 2015 -- but I will keep a close watch on NAV valuation on this one.

    BTW (HYLD) is one I add from time to time.
    mj
    Apr 14 01:20 PM | 5 Likes Like |Link to Comment
  • QuickChat #270, April 2, 2014 [View instapost]
    Jak,

    Their prospectus will provide details on the risks involved on (PCI). Generally I will say that PCI is a young and "unproven" fund vs funds/managers with a longer history -- and accounts for some of its discount to NAV. The biggest risks I watch are credit deterioration, volume liquidity, and concentration risk in my own portfolio. In other words, if global credit risk rises, or the relative volume liquidity (PCI) enjoys over comps like (PDI), or I think I've been allocating too much into any one fund -- I will sell quickly. That is the reason I do not invest in mutual funds -- whereas with a closed end fund it trades like a stock minute by minute as long as the liquidity is there. I actually weight volume liquidity very heavily to stay agile as I see fit.

    You may enjoy this SA article which discusses PCI and other high yielders: http://seekingalpha.co...

    As always DYODD.
    mj
    Apr 14 01:03 PM | 5 Likes Like |Link to Comment
  • QuickChat #270, April 2, 2014 [View instapost]
    I've been adding some idle cash into high yielding monthly dividend distributors:
    Market Vectors High Yield Municipal Index ETF (HYD) with a yield of 6% tax-free into my taxable account and
    PIMCO Dynamic Credit Income Fund (PCI) with a yield of 9.75% into my tax advantaged accounts.

    Price of (SDS) is starting to look good on this fine euphoric day. I'm not sure the dust has settled for adding to my watch list picks.
    mj
    Apr 14 11:48 AM | 4 Likes Like |Link to Comment
  • Stability Of The European Union (23) January 1, 2014 To ??? [View instapost]
    Thanks DG.
    Apr 13 08:27 PM | 2 Likes Like |Link to Comment
  • Stability Of The European Union (23) January 1, 2014 To ??? [View instapost]
    WT-
    As of 2010 USA household debt as a percentage of annual disposable personal income appears to have dropped to 100% (foreclosures probably contributed to the drop) http://bit.ly/1asAdb1

    Also interesting is the debt service payments as a % of disposable income which have experienced a big drop thanks to the Fed's artificially low interest rates (from 13% in 2007 to 10% in 2013: http://bit.ly/1kld3X8
    mj
    Apr 13 01:27 PM | 3 Likes Like |Link to Comment
  • QuickChat #270, April 2, 2014 [View instapost]
    FPA -- Maria Callas' old soul indeed ... marvelous.
    Thx,
    mj
    Apr 11 05:52 PM | 3 Likes Like |Link to Comment
  • QuickChat #270, April 2, 2014 [View instapost]
    Maya,
    That was one of the more brilliant music performances I have seen in a while. Thx for sharing at the end of a meltdown week!
    mj
    Apr 11 02:42 PM | 6 Likes Like |Link to Comment
  • Stability Of The European Union (23) January 1, 2014 To ??? [View instapost]
    Good perspective on why the Euro is holding up:

    "What most forecasters fail to take into account is the European Central Bank’s tolerance for below-target inflation because of the region’s history with hyper-inflation, Schenker said. That lessens the odds that the ECB, unlike the U.S. Federal Reserve, will move to spark inflation with policies such as printing money to buy bonds, thus debasing the euro."
    http://bloom.bg/1kR2F88
    Apr 11 01:35 PM | 4 Likes Like |Link to Comment
  • Swine Flu AND Medical News Concentrator April 8, 2014 To ??? [View instapost]
    Thx WT -- helps offset my (PRAN) wipe-out. LOL

    BTW -- appreciated knowing you got into (IBB) and (PPH) -- I am now watching for entry.
    Thx
    mj
    Apr 10 10:50 AM | 4 Likes Like |Link to Comment
  • Swine Flu AND Medical News Concentrator April 8, 2014 To ??? [View instapost]
    I booked the rest of my gains on Neuralstem (CUR) in after market hours last night. When I saw that after the West coast presentation on trial results Wednesday night the company did not issue a new press release I concluded it probably had no big mega announcement to make. I will look to get back in closer in price to my original bloc of $3+ if it drops back -- still like this biotech. BTW the same presentation from last night will be made at a Pan Pacific conference at the end of this week.
    mj
    Apr 10 10:12 AM | 4 Likes Like |Link to Comment
  • QuickChat #270, April 2, 2014 [View instapost]
    dg -- if you forget the link here's the lazy way to get a foreign language symbol into a comment: go to Google translate -- enter the word in English and get the translation in desired language. Then cut and paste the symbol. Yes I know -- pretty unsophisticated ...
    mj
    Apr 9 01:22 PM | 6 Likes Like |Link to Comment
COMMENTS STATS
1,700 Comments
1,259 Likes