Discussion in 'ETFs' started by Took2Summit, Oct 10, 2012.

  1. anyone know what's going on with phk?

    I normally dispise these posts but i've done everything i can to figure out. this thing has shaved 40% of its value in the last 3 days with no end in sight. I was considering opening a position in this about 2 weeks ago and obviously happy i didn't, but wondering if now would be a good time. i'd just like to know why the 40% haircut in 3 days..

    i know it trades at a 70% premium to NAV, which is why i didn't open a position. but would that be reason enough to lose 40% in 3 days? i mean its been at 70% NAV for a long time and in 3 days everyone decides to wisen up?
  2. mike212


    barrons article last weekend
  3. Bob111


  4. ended up buying pcn yesterday in my retirement account with the intention of holding it long term @ 17.34 but got nearly 4% out of it in under 24 hours and couldn't resist so sold it today for 17.93.

    Will get back into this potentially in the future.

    I do like PCN a whole lot more then PHK tho, PCN is only around 15% premium