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I didn't buy or sell anything today. Multiple posters on another forum purchased Pimco Dynamic Income (PDI) today. This CEF has sold at an average premium of 12.85% over the past year. According to M*, the fund's premium is currently only 5.97%. The dividend yield is apparently >15%.
Yes, I was going to buy PDO today because it was at par (no discount/premium) after the hit it took. Normally 4.5% premium and paying almost 12%. I almost pulled the trigger. I decided to give up CEF's about a year ago and that kept me from buying it. Wasn't easy but I fought the temptation and stayed away.
Bought just several more of ET at the day's low, before everything popped on the suspended tariff news. Sometimes ya get lucky.
Same. Like 10m before the news broke ... I did a double-take when I saw that. My luck tends to go the other way when I buy things, albeit usually the next day or so. lol
@Crash, @rforno - similar luck here. My history is usually the opposite, right before a big poop. Went down the Kmart special aisle and added to ABBV, ARCC, QQQM and XLG. Almost added to AAPL yesterday but I own so much in other holdings so I just nailed my hands to the desktop. I'm not convinced of this reprieve so I didn't blow all available cash.
I've got 30 days to reflect on my idiocy before wash sale rules expire at least.
Comments
Multiple posters on another forum purchased Pimco Dynamic Income (PDI) today.
This CEF has sold at an average premium of 12.85% over the past year.
According to M*, the fund's premium is currently only 5.97%.
The dividend yield is apparently >15%.
I've got 30 days to reflect on my idiocy before wash sale rules expire at least.