PTY Raising Monthly Payout Starting 8/1

[steelpony10]

I just saw this:

          www.americanbankingnews.com/?p=27665894

           I guess there was bad press from a scribe today. I consider this one my best holdings. A blow out of it’s price today.smells like an add on opportunity. 

            I just squeeze the juice the kids or a LTC facility can have the peeling. 

[Chahta]

Jul 13, 2023 21:22:31 GMT steelpony10 said:

I just saw this:

          www.americanbankingnews.com/?p=27665894

           I guess there was bad press from a scribe today. I consider this one my best holdings. A blow out of it’s price today.smells like an add on opportunity. 

            I just squeeze the juice the kids or a LTC facility can have the peeling. 

I was a little bummed out when I saw today's decline. I have been looking at PTY on the "charts" and it appears to be in over-bought territory per the RSI. Not sure what to think so maybe uncleharley or richardsok can interpret.........I know steelpony10 it doesn't matter but I am a curious one.

[steelpony10]

Chahta ,

     For me ignorance is a valuable investing tool, no paralysis by analysis. Aim and shoot.

     Some crap articles like this cause hesitation when a great opportunity is presented.

      www.marketbeat.com/articles/i-pity-the-fool-who-buys-these-two-10-dividends-2023-07-12/

      I filter for high premiums. My experience is those investments provide the best opportunities for success. All this guy has to do is check the premium history and wait while he loses 10%. Now the payout is going up 8/1, stupid.

       Easy money, so easy, just wait it out and add on big dips like this.

[richardsok]

Jul 13, 2023 21:22:31 GMT steelpony10 said:

I just saw this:

          www.americanbankingnews.com/?p=27665894

           I guess there was bad press from a scribe today. I consider this one my best holdings. A blow out of it’s price today.smells like an add on opportunity. 

            I just squeeze the juice the kids or a LTC facility can have the peeling. 

I admire your confidence, pony.  No joke.    While I was napping, I just realized PDI has climbed to a 10% premium.  I'm going to sell half my position right here. There are other funds I can ride that are climbing along with it -- and I may return to more PDI for a bit of div cap around Aug 2 or 3.  My attitude might change if I had good understanding of what was going on under the hood with these funds.   But I don't -- and am no big fan of the "greater fool" theory.     Pimco CEF prices are too closely -- and too nervously -- watched by so many little people ... and nobody really knows anything.   I've long thought these should be trading vehicles -- not funds to B&H. And -- obviously to all -- they can plummet a lot faster than they climb.

I note on the one-day chart that PTY was falling fairly steadily all day long.  There was no sudden air-pocket.  I would infer we were watching  lots of little investors following earlier cues -- not some new discovery the bigger money might have uncovered.  The risk is that other Pimco CEFs might soon drop in sympathy.   If they do. it won't be with MY gains.

Good luck with yr PTY.

[steelpony10]

richardsok ,

         One of my best investing tools is ignorance of all the actual facts since I focus on one thing only. I’d add to that a total disregard for future unknowns. Thanks for the kind thoughts but it’s more a simpleminded approach which can be passed on to a wife or heirs more ignorant then me.

          I wouldn’t sell the shares of any CEF unless forced for LTC where values might matter. The composite devaluation of our total CEF positions is presently in the -7% range. It’s been between -10 to +10% in my total experience unlike equities whose range has been much wider.

           My choices seem to be cash losing purchasing power, our muni or any other “normal bond fund” paying out less then the current inflation rate or equities whose values in the short term are primarily influenced by outside forces suffering from perpetual high jingo (to complicated to plan around). I do see under all market conditions I receive monthly distributions to replace the money I just spent with money left over.  

            Seems sort of common sense and easy to me. If I was CS I’d just skin flint my way through retirement allocating and diversifying based on my crystal ball. That seems crazy competing against pros, AI, algorithms and unknowns.

             You might appreciate this:

             www.youtube.com/watch?v=g0rhN8U14dk

             Good luck to you also.

[anitya]

Jul 13, 2023 23:55:54 GMT richardsok said:

Jul 13, 2023 21:22:31 GMT steelpony10 said:

I just saw this:

          www.americanbankingnews.com/?p=27665894

           I guess there was bad press from a scribe today. I consider this one my best holdings. A blow out of it’s price today.smells like an add on opportunity. 

            I just squeeze the juice the kids or a LTC facility can have the peeling. 

I admire your confidence, pony.  No joke.    While I was napping, I just realized PDI has climbed to a 10% premium.  I'm going to sell half my position right here. There are other funds I can ride that are climbing along with it -- and I may return to more PDI for a bit of div cap around Aug 2 or 3.  My attitude might change if I had good understanding of what was going on under the hood with these funds.   But I don't -- and am no big fan of the "greater fool" theory.     Pimco CEF prices are too closely -- and too nervously -- watched by so many little people ... and nobody really knows anything.   I've long thought these should be trading vehicles -- not funds to B&H. And -- obviously to all -- they can plummet a lot faster than they climb.

I note on the one-day chart that PTY was falling fairly steadily all day long.  There was no sudden air-pocket.  I would infer we were watching  lots of little investors following earlier cues -- not some new discovery the bigger money might have uncovered.  The risk is that other Pimco CEFs might soon drop in sympathy.   If they do. it won't be with MY gains.

Good luck with yr PTY.

richardsok & uncleharley ,

I could not help but notice the muted price response from PIMCO CEFs Wednesday and Thursday while their NAVs did much better and all sorts of bonds and equities rocketed too.  Why are PIMCO CEF traders cautious all of a sudden?  May be they have been that way for sometime after each Ex-div dates and they were just keeping up with their habit, notwithstanding euphoria elsewhere in the market place.

I always think bond CEF traders are smarter than equity investors.  The current CBOE Put / Call volume ratio is the lowest since Dec 2021, which though may not be a signal is potentially a condition could these PIMCO CEF traders are wary off?

 

[Chahta]

Pty has had a good run this year. It appeared to have been over bought. Maybe a correction or profit taking. Last year would have been a better time to add shares.

[uncleharley]

I have probably missed something, however my thought is that I can do better than 10% if I am willing to pay a 29% premium.