|
Fidelity Contrafund sharp drop after Christmas 2006
02-20-2007, 03:52 PM
|
#1
|
Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
|
Fidelity Contrafund sharp drop after Christmas 2006
Anyone here follows FCNTX? I was perusing its chart for last year. There was a sharp drop. Close price was 70.68 on Dec 21, last trading day before xmas. Close price on next trading day, Dec 26 was 64.95, or 8% drop! No wonder it ended 2006 below SP500.
Any idea?
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
02-20-2007, 03:58 PM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
Well, it's worth asking...
Was there a capital gains distribution on Dec 21 ??
|
|
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
02-20-2007, 04:01 PM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
So I looked it up...
Fidelity Contrafund paid a $5.21 per share capital gains distribution on 12/22/06.
There was also a $0.39 income distribution.
Since the share price was around $70.34 a share before the distribution, I calculate that the income and capital gains account for 7.96% of the share price
here's a link to their distribution history:
http://personal.fidelity.com/product...html?316071109
|
|
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
02-20-2007, 04:04 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
Thanks MasterBlaster. I should have thought of that.
|
|
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
02-20-2007, 04:08 PM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
your first thought on seeing an out-of-synch price drop should always be: possible distribution.
|
|
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
02-20-2007, 04:55 PM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
The only free site I know of that has nice comparison charts with data that includes distributions (most of the time):
http://stockcharts.com/charts/perfor...erf.html?FCNTX
It takes a while for new distributions to make their way into the data, but FCNTX looks good.
A price-only chart seems less than worthless. It's amazing how hard it is to get good data.
Dan
|
|
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
02-20-2007, 05:44 PM
|
#7
|
Full time employment: Posting here.
Join Date: Nov 2006
Posts: 548
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
Got me too when one of my funds had a distribution that I overlooked. My face was so red when I figured out what happened...
Hey, at least it shows we are checking balances from time to time, right?
|
|
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
02-20-2007, 07:39 PM
|
#8
|
Dryer sheet aficionado
Join Date: Aug 2006
Location: Murrells Inlet
Posts: 25
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
Did the same thing (distribution) happen to Wellington?
|
|
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
02-20-2007, 09:03 PM
|
#9
|
Full time employment: Posting here.
Join Date: Dec 2006
Posts: 509
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
I've got some of my 401k in Fidelity Contrafund and have been very pleased with that. I don't pay attention to the daily stuff so much as watching the numbers increase over time.
|
|
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
02-21-2007, 07:51 AM
|
#10
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
|
Re: Fidelity Contrafund sharp drop after Christmas 2006
Quote:
Originally Posted by Capt Curmudgeon
Did the same thing (distribution) happen to Wellington?
|
Wellington paid income, as well as short term and long term capital gains distributions on Dec 22nd.
here's a link to the info...
Since the funds are listed alphabetically, Wellington is towards the bottom of the page
https://flagship.vanguard.com/VGApp/...type=PIWANTTO2
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|