Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Dog Gone
The trouble with that nice 7% yield is that is can get cut to 3% in todays climate. When I was a trader during the 87 crash, there were closed end funds with paper that had some great yields and were trading at below NAV. They were there for only minutes....

Some stocks might look good down here, They might look even better in a few more weeks...

Tough call. No whiners when you get smashed though. The risk reward is not worth it.
364 posted on 07/22/2002 5:30:49 PM PDT by Afronaut
[ Post Reply | Private Reply | To 362 | View Replies ]


To: Afronaut
I guess I should have concluded my thought. The yield will look better after the stock gets battered again and again over the next couple of weeks. I ain't buying tomorrow, and I think there are some attractive stocks out there.
367 posted on 07/22/2002 5:36:21 PM PDT by Dog Gone
[ Post Reply | Private Reply | To 364 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson