I’m Pat Rosenheim, a.k.a. the PandA Trader.
Recently, I posted some charts on StockTwits of the Total Performance over the past 200 days of 10 of our holdings at a time (because 10 is the limit for this chart on stockcharts.com). One chart is only 168 days because of the short trading history of RA, and dramatically changes the picture for the rest of the holdings on that chart. I removed RA and then show the remaining 9 in that group over a 200 day period. Wow, what a difference!
Here are the screenshots;
Here’s ACSF, ARCC, ARR, BDCL, BDJ, BFK, BGH, BKN, BTA, CEFL;
Here’s CLM, CRF, CSQ, CXE, DFP, DHF, DHY, EAD, ECC, EVN;
Here’s FFC, FHY, FIF, FLC, FPF, GAIN, GLAD, GOF, GUT, HIX;
Here’s HPF, HPI, HPS, HYB, IVH, JPC, JPI, JPS, KIO, LDP;
Here’s LEO, MAIN, MAV, MFM, MHI, MITT, MORL, NAD, NEWT, NHF;
Here’s NRO, NRZ, NVG, NZF, OAKS, OIA, ORC, OXLC, PDT, PFD;
Here’s the 168 day chart of PFO, PHK, PHT, PMF, PML, PMM, PMX, PSEC, PSF, RA;
And here’s the 200 day chart of PFO, PHK, PHT, PMF, PML, PMM, PMX, PSEC, PSF;
Wow, what a difference!
Here’s the 198 day chart (close enough?) of REML, RFI, RNP, RQI, SAR, SCM, STK, TICC, TLI, TPZ;
And, here’s the 200 day chart of RFI, RNP, RQI, SAR, SCM, STK, TICC, TLI, TPZ;
What a difference 2 trading days can make!
And, finally, here’s TWO, UTF;
Well, out of 82 different holdings, there’s only 2 or 4 (depending on how you look at it) real “losers” showing negative total performance. That’s 2 (or 3) Muni CEFs and possibly a BDC which would be the <ahem> biggest loser.
There’s a bunch that are barely keeping their heads out of the water (0-10%), but these two groups only make up about a third of the holdings.
A slightly smaller number are performing a tad better (10-20%).
About 25% of the holdings are performing better than 20%.
Now, this is just a small slice of time and represents barely 9-1/2 months, but does coincide with the 200 day moving average which is one of the major indicators used when charting.
The fact the two of our holdings (RA & REML) haven’t yet been trading for 200 days changes very little, I think. Both seem to be doing well in their own time-frames, so it’s just a matter of seeing if they can continue to perform as well or better in the 200 day time-frame.
So, for the majority of our holdings to be performing fairly well is quite good, I think. I mean, I’m happy with it.
But, the most important part to me is that they are all paying dividends. Some dividends have been cut, some have been raised, but most are just consistent. I like consistent.
PLEASE TAKE NOTE AND REMEMBER THIS!
I’m not telling anyone to buy anything or giving anyone any advice, because that’s illegal. You see, I have no letters after my name, like RIA, CFA, etc. I SIMPLY DO NOT GIVE ADVICE. I only tell (and show!) what I do. You, like me, are all alone in this.
And remember, always do your own due diligence!