Cohen & Steers Tax-Adv Pref Secs and Inc Fund V.PTA

Primary Symbol: PTA

The Funds primary investment objective is high current income. The Funds secondary investment objective is capital appreciation The Fund seeks to achieve its investment objectives by investing at least 80% of its managed assets (i.e., net assets plus assets obtained through leverage) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, which may be either exchange-traded or available over-the-counter. In pursuing its investment objectives, the Fund seeks to achieve favorable after-tax returns for its shareholders by seeking to minimize the U.S. federal income tax consequences on income generated by the Fund. There can be no assurance that the Fund will achieve its investment objectives.

NYSE:PTA - Post by User

Cohen & Steers Tax-Adv Pref Secs and Inc Fund > Suspicious trades at the last minute from Morgan Stanley

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Comment by pipsqueak3on Oct 24, 2014 6:20pm

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Post# 23059940

RE:RE:Suspicious trades at the last minute from Morgan Stanley

Popps wrote: Perdika, my yahoo stuff says this stock trades well over two million shares average every day. You are concerned with 500-to-1000 shares traded several times per day. At current stock price, isn't that $150-to-$300 traded several times per day ? I am really missing the conspiracy here, sorry. Am I off by a decimal place or two ? GLTA, Popps

Popps.. you said everything right there but missed the point.. I know you're not a trader but you've got to understand that you own a stock moved by traders, where every OHLC matters, every decimal.. 1.2 million shares traded today and should have been closed at .295.. 500 shares at the close doubled the daily loss and monday will have forgotten this.

And yeah, in the long run none of this may matter, but then again, this behaviour is an effective low-risk trade used to supress prices in the short term to make price action look worse than it really is..

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