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BLI 1.91% for February.
9.2% at the zenith.
CNU one of mine 11.71% yesterday.
dg
I Like CPN.......... I will also be trading the stock daily, in addition to my invested position.
I love volatility.
dg
I can't see what your interest is in CUB for March,other than expected earning, it doesn't seem to do well in March historically.........can you enlighten me.
Qcom has quite a record for March.
Dan
FYI----- CLOSED-END ETFs
Know Your Funds
A Closed-End ETF (CEF) is a publicly traded investment company that invests in a variety of securities such as stocks and bonds. Capital is mainly raised through an initial public offering and the proceeds are invested according to the fund investment objectives. Like a traditional mutual fund, a Closed-End ETF has a board of directors elected by the shareholders, and the board appoints an investment advisor and a portfolio manager.
While traditional open-end mutual funds issue and redeem shares directly with investors at net asset value, a Closed-End ETF is listed on a national exchange, where its shares are purchased and sold in transactions with other investors, not with the Closed-End ETF itself. An open-end mutual fund creates new shares every time that an investor invests in the fund, and redeems the shares when an investor redeems the fund shares. Therefore, the number of shares and the total assets fluctuate in an open-end fund as a result of purchases and redemptions. On the other hand, when an investor wishes to purchase or sell shares of a Closed-End ETF, the investor purchases shares on an exchange such as the New York Stock Exchange (NYSE). Although the outstanding shares of a Closed-End ETF remain relatively constant, additional shares can be created through secondary offerings, rights offerings or the issuance of shares for dividend reinvestment.
Advantages
There are several characteristics of Closed-End ETFs that can help investors meet their investment goals:
> Trading Liquidity and Flexibility - A stock market listing means that Closed-End ETF shares may be bought or sold at any time during the trading day. All the strategies associated with stocks, such as market orders, limit orders, stop orders, short sales, and margin buying can be used in the purchase and sale of Closed-End ETFs. Like other investments, share prices will fluctuate with the market and may be worth more or less at the time of sale than the original purchase price.
> Efficient Portfolio Management - Unlike open-end funds, which must constantly deal with cash inflows and outflows, the asset base for Closed-End ETFs is relatively stable. Without the pressure of constantly investing or redeeming securities based on investor demands, Closed-End ETFs can take better advantage of longer-term and less liquid securities or markets.
> Market Pricing - Investors who wish to buy or sell fund shares do not purchase or redeem directly from the fund - rather, they buy or sell fund shares on the stock exchange in a process identical to the purchase or sale of any other listed stock. All the strategies associated with stocks, such as market orders, limit orders, stop orders, short sales, and margin buying can be used in the purchase and sale of Closed-End ETFs.
> Leverage - Several closed-end borrow capital or issue preferred shares in order to leverage their portfolio. As long as the short-term interest rates paid to the preferred shareholders are lower than the net long-term rates earned by the underlying fund's portfolio, the common shareholders of the fund will earn higher rates that they would have without a preferred share class. If the short-term rates paid to the preferred shareholders approach the return earned by the funds portfolio, the beneficial affects of leverage will be reduced and the amount available to common shareholders will decline. At the same time, the net asset value per common share will be more volatile than those of comparable unleveraged funds since the increases or decreases in the total portfolio value are all attributed to the common shares.
> Expenses - Due to the minimal marketing expenses (recall that Closed-End ETFs have fixed shares and assets, so there is minimal need for marketing and distribution costs) and typically lower turnover, Closed-End ETFs tend to have lower operating costs than mutual funds. However, investors must still pay a brokerage commission to purchase and sell shares for all Closed-End ETFs. For those investors who trade frequently, this can significantly increase the cost of investing in Closed-End ETFs. So while Closed-End ETFs may have lower expense internally, the total costs to the investor may not be lower.
> Trading Fees - Because Closed-End ETFs are purchased and sold just like regular stocks, only brokerage fees are paid to purchase or sell shares. Closed-End ETFs typically do not impose annual 12b-1 fees, as many mutual funds do.
> Minimums - Because Closed-End ETFs trade on secondary markets like other stock, there is no minimum purchase or sale requirement. Investors may purchase or sell as little as one share of a Closed-End ETF.
> Distributions - Closed-End ETFs make distributions according to a prescribed schedule, which allows investors to plan the timing of this income. Of course, the actual amount of the distributions may vary with fund performance and market conditions.
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Investment Risk
All investments involve risk. Like other investments, Closed-End ETFs carry a certain level of risk for investors, as follows:
> Pricing Risk - The market price for a Closed-End ETF is based on the forces of supply and demand. To this extent, many Closed-End ETFs trade at a discount or premium to their underlying net asset value. Therefore, this tracking error between the market price can increase or decrease independent of the net asset value of the fund, adversely affecting an investor's portfolio value.
> Market Risk - Market prices for securities and Closed-End ETFs fluctuate daily based on a variety of factors such as economic conditions and global events, investor sentiment and security-specific factors. The degree of volatility in general in the markets has increased over the last several years. The prospect of a market decline and its impact on security and fund prices should be considered as general market risk.
> Credit Risk - Credit risk refers to an issuer 's ability to make payments of principal and interest when due. For fixed-income Closed-End ETFs, an interruption in the timely payment of principal and interest (such as on a corporate bond) may adversely affect a fund 's net asset value, price and ability to pay dividends.
> Interest Rate Risk - Prices of bonds tend to fall as interest rates rise, and rise as interest rates fall (bonds with longer maturities tend to fluctuate more in price in response to such changes). For Closed-End ETFs that hold bonds in their portfolios, this risk can be significant, although most funds hedge this risk through various market instruments.
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Buying and Selling
An investor can purchase or sell shares of a Closed-End ETF on a national exchange such as the New York Stock Exchange (NYSE) or the American Stock Exchange (AMEX) like any other stock. All the strategies associated with stocks, such as market orders, limit orders, stop orders, short sales, and margin buying can be used in the purchase and sale of Closed-End ETFs. Although Closed-End ETFs do not have the traditional 12b-1 fees charged by mutual funds, investors still pay the typical brokerage charge for the purchase and sale of shares, much like they would do with any other stock purchase and sale.
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Dividends and Distributions
Similar to traditional open-end mutual funds, Closed-End ETFs distribute their earnings to shareholders in two ways. First, income dividends from interest or stock dividends are passed through to shareholders, net of expenses. Fixed income funds typically pay out income dividends monthly or quarterly, while equity funds typically pay less frequently, often once a year. When Closed-End ETF shares are held in taxable accounts (and the fund investments are not exempt from taxes, such as for municipal bonds), these income dividends are typically taxable to the shareholder as ordinary income.
Second, realized capital gains (net of realized capital losses) distributions are passed through to shareholders. Most Closed-End ETFs make these distributions once a year in November or December.
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Net Asset Value
The net asset value, which is the value of all the fund assets minus the value of the liabilities, all divided by the number of shares outstanding, determines the value at which open-end funds (such as mutual funds) are purchased and sold. However, Closed-End ETFs are purchased and sold at market prices, which are determined by supply and demand forces on national exchanges.
When demand for fund shares exceeds supply, the market price at which a Closed-End ETF trades may be higher than its underlying net-asset-value. When there are more fund sellers than buyers, the market price may be lower than its net-asset-value. For example, if the net asset value of a fund is $20, and the fund is selling for $18 on an exchange, the fund is said to be at a 10% discount to net asset value. If the same fund is selling for $22 on an exchange, the fund is said to be at a 10% premium to net asset value.
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Performance
Shares of a Closed-End ETF are listed on a national exchange. The market price of the shares is published daily in the financial listings of most newspapers. Since the market value of shares is determined by factors including relative supply and demand of shares on the market, general market and economic conditions, and other factors beyond our control, there is no way to predict whether shares will trade at, above or below their net asset value.
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Discount/Premium
Many closed-end actually trade at discounts to their net-asset-value for a variety of fundamental and subjective reasons. However, this discount may create an attractive purchase opportunity for investors, as they are purchasing a dollar's worth of assets for less than a dollar. Fundamentally, the perceived value of a fund's shares may be less than the reported value of the fund's underlying assets. In addition, poor performance, illiquid securities, poor name recognition, and large unrealized gains may prompt a fund to trade at a discount. There are several mechanisms that the board of directors uses to minimize this price to net asset value gap. The fund can repurchase its own shares (much like a share buyback) and try to narrow the gap. The fund can open-end, which will subject the fund to the normal share purchase/redemption cash flows of mutual funds. This is difficult to do, and often requires majority approval by the shareholders.
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Portfolio Trading
The basic idea of trading an entire portfolio in a single transaction originated in the late 1970s and early 1980s. Portfolio trading was the then-revolutionary ability to trade an entire portfolio, often consisting of all S&P 500 stocks, with a single order placed with a major brokerage firm. Some modest advances in electronic order entry technology at the NYSE and the Amex, as well as the availability of large order desks at some major investment banking firms, made these early portfolio or program trades possible. At about the same time, the introduction of S&P 500 index futures contracts at the Chicago Mercantile Exchange provided an arbitrage link between the futures contracts and the traded portfolios of stocks. It even became possible, in a trade called an exchange of futures, for physicals (EFP) to exchange a stock portfolio position, long or short, for a stock index futures position, long or short. The effect of these developments was to make portfolio trading either in cash or futures markets an attractive activity for many trading desks and institutional investors.
As a logical consequence of these developments affecting large investors, there arose interest for a readily tradable portfolio or basket product for smaller institutions and the individual investor. Futures contracts were relatively large in notional size and the variation margin requirements for carrying a futures contract were cumbersome and relatively expensive for a small investor. Perhaps even more important, there are approximately ten times as many securities salespeople as futures salespeople.
I remember seeing "The Donald" in Dalton,Georgia when he was in the middle of his tryst with Marla Maples, and about to be married. Marla and Deborah Norvelle are from this same small town.
The newspaper article read Mr. Donald Trump and Mr. and Mrs. Maples entertained with a wedding rehersal dinner at the local Applebee's. Who would have thought that "The Donald" would have had his wedding rehersal dinner at such a common place as Applebee's.
I used to see him when we were at our place in "ASPEN".... when he was with Ivana.
Just goes to show you that most of life is "hype".
"The farther a squirrel runs up a tree the smaller his ass****
appears to be."
Ken,
This SPY chart is valuable.
It shows what months,seasonality,is for the big caps. Looks like Jan,Mar,April,August,October,November,Dec. are good
September watch out!
DG
The Thompson site has shut down.
must have been overloaded by this board. <G>
DG
I THINK I GOT THE WRONG SEASON ON DIGE.
Its falling like a stone.......what gives
Well,it looks like a time to buy BBI. What a hit, news inspired?
I got a boat load.
I worder if I should be happy or sad. Glad to see someone is scooping the shares up.
Go BBI
RiverCityDan
Does anyone have experience with a tax program that will reconcile capital gains and wash sales with Interactive Brokers.
If so have you been pleased with the results?
Dan Gordon
What's happened to this board.....has it gone into a blue funk depression......it will be better next week.
We will want to be ready when the launch begins.<G>
Waiting patiently in cash.
RiverCityDan
KANA OFFERS 4M SHARES TO PUBLIC @3
KILLS STOCK PRICE
Ken,
Why SGI? It looks weaker than the other stocks?
RiverCityDan
Try barchart.com
RiverCityDan
Any Information on XOMA and when trading might resume.
Dan Gordon
O/T BOBBIGIRL, daniel2624@aol.com is the correct e-mail instead of daniel2426@aol.com.
sorry for the mistake, would you send me the information. Thanks
dan gordon
Yes I think EG was right once in her life. She has been wrong so often I had almost forgotten her one good call.
O/T BOBBIGIRL COULD YOU PM ME AT DANIEL2426@AOL.COM
REGARDING YOUR VITAMINS
*****
O/T
Bobbigirl,
Could you pm me at daniel2624@aol.com
Regarding Vitamin supplements.
Thanks
Dan Gordon
I need bobbigirls e-mail could anyone help?
Dan Gordon
Train Guy
You'll love IB here's a tip..... stops,trailing or othewise if in blue not green on your screen are not seen by marketmakers. Set your stops and let your profits run.. I usually expect the market maker to try to hook inexperienced traders at expected market turns.Therefore I am expecting to trade against the obvious, and guess what after a fake, and sometimes a couple of false shakeouts the stock usually moves my way. If I am thrown from the horse I often get right back in the saddle as soon as the stock resumes its movement. My profit targets are usually 1 to 3% short term but often trading high momentum stocks I will quickly rip 5 to 10% from the stock.. My stops are set at .50 per cent or less depending upon the stocks beta and average daily range.
Oh, be very careful trading as I have lost several thousand dollars placing incorrect trades,the system is unforgiving.I am sure I am not the only one. I often trade 1000 shares...but it is quite a surprise in a blink to own 10000 shares of a 50 dollar stock. Yes I did this.
I hope you pursue you 1% per day system as I think it is very possible. Although you may be conservative in your thinking.
Oh, I use tcnet with Ib and I am very happy with it. I also use medved quotetracker and find It to be fair at best. What I need is a three head monitor with 40 real time charts and an assistant to help me watch the charts. I currently use 4 monitors 2 dual and 2 independent. A reliable broadband connection is a must....I tried several before finding reliable dsl. Cable gave me grey hair. My data cost including dsl and tcnet runs $118 per month.
My biggest mistakes have been failure to place stops and get out if I am wrong. No perfect yet but getting much better.
Distractions are also a problem. I run a small company with 40 employees between trades.
Oh I saw Heidi from survivor at our Walmart store today....saw her again in the latest issue of playboy.
From Across the Wide Missouri
River City Dan
Train Guy,
I enjoyed your posts on trading and compounding of trading profits(your 1% per day). Are you trading your system and how are you doing with it? I think its very possible as long as you take small profits when available and maintain rigid stops.
My profit goals are 1% to 3% with losses of .5% maximum per trade. I am trading in sync with the indexes and the primary trend when I can determine it.<g>
RiverCityDan
Sold QLGC 44.39 +.43 ....SOLD IDPH @ 40.74 +.74
RCD
Long QLGC 43.96.....let the game begin.
RCD
Covered AMAT 15.83 + 1.55%
RCD
Paul
Smart traders use stops like you do. I am waiting to position higher as I expect resumption of this rally to begin very soon.
RCD
Now short AMAT 16.08.....let the selling begin.
RCD
CDWC raised to outperform Raymond James.......Hmmmmmm.
River City is on the Wide Missouri.....Missouri River.
Catfish and Cornbread.
RCD
Covered Amat at 15.79 +.4 going to position short higher.
Going short amat 15.83 as short term trade....
RCD
ZEEV,
Sorry I am so late responding to your post......as time is often precious.
Yes I bought COCO at a point of rest before resumption of the rally. Luckily the rally followed.I plan to exit early in the am before rationality resumes.
I will post when time permits.
Best wishes to all.
RCD
Bought COCO 39.17 and sold LLL 43.29 +.44 HOLDING SEMIS SHORT
Out adrx 15.92 +1.79%
BOUGHT LLL 42.85
Long ADRX 15.64
Covered AMAT 15.15 +2.07%
Short AMAT 15.47