Your Opinion about PMM?

[rsingh6675]

I bot 1000 shares of PMM @ $7.70 few months back. They are now trading @ $6.72. Should I keep these & wait for them to go up or get out & take loss? It pays about 6-8% dividend.
Thanks.

 

[RonBoyd]

Why did you buy them? What has changed in a few short months to make you question your [-]research [/-]reason for jumping on board?

 

[MasterBlaster]

The price reflects the market uncertainity in municipal bond securities borrowers ability to service the bonds.

Since PMM invests in "high yield" securities they are by definition more at risk.

Their price will fluctuate with events in the municipal bond securities market. A few high profile defaults will most certainly make investors nervous and affect prices.

As to whether to buy or sell PMM, I have no idea.