Re: [CANSLIM] VMF

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] VMF
Date: Sun, 8 Sep 2002 07:52:48 -0400

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Norman, I think looking at a fund's NAV on anything less than a weekly chart
will only confuse you. In this case, it is a well managed bond fund, working
much like a money market, some higher risk, but better yield (currently
5.7%). It has been remarkably stable on NAV for many years.

It is also a closed end fund, trading AMEX, which means theoretically it
trades like a stock. Because of the low daily volume, however, it is likely
to have a sizable spread between the bid and ask, and be very sensitive to
any volume at all. Because it is not only a municipal (tax free) bond fund,
but also only holds Massachusetts bonds, it will have its greatest appeal to
high income taxpayers of MA.

As long as rates remain stable, or fall further, funds like this may
continue doing well. I do note that it has been trading over NAV quite a
lot, so people are willing to pay a premium for it.
- ----- Original Message -----
From: "Norman" <theboyd@tisd.net>
To: <canslim@lists.xmission.com>
Sent: Saturday, September 07, 2002 7:37 PM
Subject: Re: [CANSLIM] VMF


OK, OK, must have been my keyboard getting revenge on me.

Try VMV:-)

Norm
- ----- Original Message -----
From: "Norman" <theboyd@tisd.net>
To: <canslim@lists.xmission.com>
Sent: Saturday, September 07, 2002 6:19 PM
Subject: [CANSLIM] VMF


> What is going on with this action?  Seems to do the "tails up" thing an
> awful (pun intended) lot.
>
> Norm
>
>
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