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Nuveen California Municipal Value Fund Inc T.NCA


Primary Symbol: NCA

Nuveen California Municipal Value Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek current income exempt from both regular federal income taxes and California personal income tax. Its secondary investment objective is the enhancement of portfolio value. The Fund invests in municipal securities that are exempt from federal and California state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. It also invests in inverse floating rate municipal securities. Its investment adviser is Nuveen Fund Advisors, LLC.


NYSE:NCA - Post by User

Comment by Oyveyon May 12, 2017 11:16am
134 Views
Post# 26237082

RE:RE:RE:RE:Here we are again

RE:RE:RE:RE:Here we are againI presume you see this data as a negative whereas what it says to me is that the entire float has a cost base of .77 which means that no one but a hanful of us diehards stands to make any money by selling at these levels. That in turn should mean that the resistance to a price rise should be minimal until we hit some other level that becomes an attractive profit point. Now will that be $ 1.00, or $ 1.25 or or or, I don't know, guess that's where the chart guys come in but I think a lot depends on what happens over the short term with respect to our drilling and quite possibly some news on permitting or I guess there could always be some other catalyst we aren't thinking about right now. This group always seems to have more irons in the fire that we realize so I'm not discounting their abilities to provide me with a pleasant surprise just yet. I know this is frustrating all around but I look and own other market darlings and they aren't exactly going through the roof at this point either so I'm trying not to get too frustrated by our slow going. 

bodybuilder wrote: In the last six months we have traded 65 million shares at $.76 avg and obviously gone no where. Anonymous sold a whopping 20 million shares. The trading in this one has to make you wonder.

If i had data for 12 months I would bet most of this float has been traded.



65,080,423 50,072,012 0.769  



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