Pimco New York Municipal Income Fund III V.PYN

Primary Symbol: PYN

PIMCO New York Municipal Income Fund III (the Fund) is a non-diversified closed-end management investment company. The Fund's primary investment objective is to seek to provide current income exempt from federal and California income tax. Under normal circumstances, the Fund invests at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal, New York State and New York City income. The Fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The Fund also invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality. Pacific Investment Management Company LLC (PIMCO) serves as the Fund's investment manager.

NYSE:PYN - Post by User

Pimco New York Municipal Income Fund III

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Comment by pkpotentialon Feb 05, 2012 1:37pm

331 Views

Post# 19492132

RE: RE: RE: RE: RE: Nice rise in the last few days

None of you want to be kool-aid drinkers. It is very important to receive criticism on stocks, you don't want to constantly see "this stock has amazing potential" or "it is going to $2.00!". It is always good to be aware of the possible negatives because if you are only looking at the positives, you will never be a good investor.

I was in PYN for quite a while so I thought it would be valuable to share my reason for dumping the stock. There is no "hidden motive", don't delude yourself.

The problem with stockhouse is that it is comprised of idiots looking for validation and reassurance. That's not how it works, I suggest you be open to criticism.

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