Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by woodychipson Jul 09, 2012 9:23pm
324 Views
Post# 20096608

Bet this only lasts 2more days ?

Bet this only lasts 2more days ?

16 million traded Friday at around the .01 to .015 and today 6 million traded at .02 to .03 .The new recruits are the penny flippers.My bet in 2 days it falls.But on the bright side it could do this for a couple of times before the end of the month so if your nimble you may  get some of your money back.I am not sure I would want to be holding at the end of the thirty days.When you have to let your people go because you cant hand out the paycheck and theirs no takers for PP I would say you are screwed.I was a long term holder but exited today and may buy back when it  drops again.Yes it may get sold but I am thinking as a share holder you may get royaly stiffed.Bet the Chinese buy it for next to nothing?..Hell they been buying everything else here.

Bullboard Posts