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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

Comment by BkBroileron Feb 23, 2011 7:33pm
273 Views
Post# 18183739

Do you think Poynt is going to take off?

Do you think Poynt is going to take off?Well you could sell and be on the sidelines waiting for your order to be filled at .20 cents like everyone else and have the miss fortunate of maybe missing the next run up with a good news release.
Or you could sell half your shares at a like .235 and refill at .20 .215 or even .22 and buy more shares to average down then your still in the game and if theirs a news release during your wait for the price to drop you wont miss out . Then on the way up you could dump those extra shares for a profit take back.
Or you could just buy more at the lower levels to average down your share price. Or just sit back and be happy either way you have shares and you must have bought them for a good reason, I hope. lol
Good luck
BK
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