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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 lovesongon Mar 11, 2011 2:35pm
325 Views
Post# 18272473

RE: Good news.

RE: Good news.You got it spot on. I got back in at .19 thank god. Right before news came out. Market is recovering from the hit as we speak . Biggers news coming out within this month. I agree that this is all speculation and it is still a free software for the mobiles, but which software doesn't start out free when it has no market. Now it reached 1 billion hits. When poynt comes out with a fee charge for usage. We will see this stock hit mutiples of our current 52 week high.

As of chart speaking. The stochastic is showing good sign and we did see a bounce off the 50 day support. The candle is looking good, we should see progressive gains next week. If this closes @ .20 or more, more than likely it will keep growing. I can see this one hitting its 52 week high next week if market allows and pass it once the real news from india comes out positive. Mark my word.
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