Tuesday, April 17, 2012

GGN interesting recourse stock

GGN - Chart Link - GAMCO Global Gold, Natural Resources is a closed-end fund that owns gold and natural resource stocks. The Gabelli management sells covered calls against their long positions. The covered calls are reported as return of capital. The fund pays a 14 cents per share dividend on a monthly basis, and has done so for almost 6 years.

Notice how the 200 day MA is cradling price as support, if you want an initial stop it could go below there

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