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Advent Convertible and Income Fund T.AVK


Primary Symbol: AVK

Advent Convertible and Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will invest at least 30% of its managed assets in convertible securities and up to 70% of its managed assets in non-convertible income securities. The Fund may invest without limitation in securities of foreign issuers. Fund invests in various sectors, such as technology, financial, communications, energy, basic materials and other. The investment advisor of the Fund is Advent Capital Management, LLC.


NYSE:AVK - Post by User

Comment by MinerPlayon Mar 31, 2016 5:20pm
201 Views
Post# 24717234

RE:RE:share price

RE:RE:share price
I like Avnel Gold very much too.  It's my favourite of all the miners for many reasons.  Most potential, very very low risk...  Excellent risk/reward ratio.  Yes, to the second option you mentioned - they are putting up shares for sale in such a way that it discourages people from bidding up the price - that's exactly what they are doing.  Whenever traders come in, they see those big numbers for sale (even though they don't really seem to want to sell them) and they're scared away.  When some of those #7 sales go through, my observation is that little by little, they buy them back in such a way that the share price doesn't raise. 
Of course, it may only take $200,000 in total investments to take them out and then if the price keeps going, they wouldn't have the ability to buy it back.  But if they have more for sale beyond that, they could continue to keep a lid on it to some extent.  Either way, I'm happy here since I know I'll eventually get double or triple my money on it, but it can be a little frustrating.  They've capped lots of rallies.  This DFS is awesome and they're the only reason why it didn't move into the 30's today.  But in the end, it won't matter too much - assuming I'm right and they are going to try to do a takeover bid, Elliott won't let it go for a low price anyway.  Maybe all their efforts will save them 5 cents a share - I don't know.  Regardless, Avnel is the best investment in the gold miners that I know of. 
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