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To: YieldHog who wrote (30272)1/2/2018 8:22:18 PM
From: Lord Xot  Read Replies (2) of 30726
 
Re: It looks like the wall street 2018 resolution was to sell preferred stocks today

Could be rotation. I was selling some HMLP-A today. Thought it best as i sold in two lots for $26.90 and $27.00. Be aware there's an approx $.79 dividend payable in Feb...includes accrued div from the IPO. Recently sold some CHMI-A and PMT-B. Reason being to move into mlp cefs or other investments. I note the reit sector didn't fare well today. VNQ was negative. All of my high yield reits fell today except that CBL and WPG were up appreciably. Go figure. A scan of the spreadsheet shows pfds not so hot as well. And the pfd ETFs were negative too.

Mlps and mlp cefs/etfs/etns were hot. I have a 2018 1.28% total return already, for one day, due to the mlp rally. The rally was a classic. Hope it's not over as i'm fully invested in the sector and don't want more. Let it go up now. If money continues moving to mlps, i'll predict pfds stay depressed a bit. Buying could beget buying and particularly so as the mlp sector is trashed to such a degree. It's all good. I'd be happy to see some of my funds flow back to pfds such as AHT-D and i may do that thing tomorrow. Pfds need to fall far though.

AMZA declares tomorrow after the close................................Xot
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