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Invesco Water Resources ETF T.PHO


Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.


NDAQ:PHO - Post by User

Bullboard Posts
Comment by 51Spliton Feb 15, 2011 9:44pm
204 Views
Post# 18140477

RE: RE: RE: Nobody Posting

RE: RE: RE: Nobody Posting"What I should have said is "The stock runs up 27.2727% on the week and nobody has anything to say." I can see now, that a paltry return like that is nothing to celebrate."


If you were fantasizing that you might sell a significant number of shares for such a gain, it won't work.  This stock is so thinly traded that one of two things would happen.  Either your ask price wouldn't get fully filled, or if you sold at market, you would consume the "Bid", driving the price way down.  The reason it went up in the first place is that someone decided they had to have this stock, and they didn't put a limit on their buy.  This cause them to eat up the "Ask" to that high price.
Bullboard Posts