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Nuveen New York Quality Municipal Income Fund V.NAN


Primary Symbol: NAN

Nuveen New York Quality Municipal Income Fund (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income exempt from regular federal, and New York State and New York City income tax and to enhance portfolio value. The Fund invests in municipal securities that are exempt from federal, New York state, and New York City income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality. The Fund invests in various sectors, such as consumer staples, health care, transportation, and utilities. The Funds’ investment adviser is Nuveen Fund Advisors, LLC.


NYSE:NAN - Post by User

Post by TAOParadoxon Oct 11, 2013 10:08am
146 Views
Post# 21810027

Played

Played
The small retail speculator (not investor) got played yesterday by a high volume, low return, skilled anonymous investor that accumulated large amounts of stock in the lows and liquidated as fast as they could on news. I see they bought roughly 300 000 at market close for a quick flip again today. I also expect the the lack of increase in share price yesterday have the uneducated (geologically speaking) investor/speculator softened up. By that I mean, have them looking for smaller returns thus reducing their target price for the big boys to gobble up on the cheap. If you are concerned about the scheduled drill season being completed, locking up your cash due to inactivity, VMS is the safest way to play NAN. Production phase has started at Reed, it is only a matter of time before the serious cash starts rolling in.
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