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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (87306)	8/27/2007 5:46:56 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

re: muni CEFs I watched NUV for a long time, trying to recoup some shares at a low price, that I had sold at a much higher price. Took a couple weeks of watching the price decline and then suddenly skyrocket. Eventually, it came down again and I grabbed some. It shot up again in a few days and is now trading higher than NAV. Makes me wonder if I should hold. These CEFs are thinly traded, and any one seller or buyer can tip the balance in one day by a huge amount. Like everything else I buy or sell but especially with CEFs, I have to watch the trading closely for days and decide how much the shares are worth to me and how long I want to hold them. Same thing with junk bond fund CEFs. I added some shares today to one junk bond CEF I have held for years, but only after watching closely for a decent opportunity. Day-to-day, CEFs all seem very volatile, due to low trading volume but huge amounts of shares-per-trade. What I've learned.....put in what seems to be an impossibly low bid, good for that day only. It just might get met and the price often shoots up immediately after you buy.