Nuveen California Municipal Value Fund Inc T.NCA

RE:RE:RE:RE:RE:RE:sell program

[Oyvey]

I don't understand why the buyers of the stock at .82 or $ 1.00 or whatever they paid are selling now. Did someone die and I don't know about it ? Did some other junior gold just make the biggest discovery ever and eveyone's piling into that right now ? I suspect that the entire float has turned over well above the current price so the sellers are taking a hit, why would anyone sell at a loss when we are in the middle of a huge drill program unless they are getting out of the asset class as a whole because they think it's going down the toilet. Seems to me that some retail investors are so fixated on the price of gold that they'll buy or sell any stock whenever the metal moves even one iota, ignoring other factors entirely.
You don't need to be a mining analyst you need to be a psychiatrist to understand what's going on in this space most of the time. 


the problem other than the sellers just don't want to be in

bodybuilder wrote:  Also, a ton of funds are exempt from buying NCA because it trades under a dollar. Those poorly placed finance deals can screw a companies momentum for months.

Ex. $.82 cent paper just before tax loss selling with a price that averaged almost a dollar for the 7 months prior. They created the perfect storm. Again something I didn't expect from this crew.