May. 31 at 6:54 PM
For the #FOMO crowd, it turns out the best 'time' to buy in the past 3 months might either have been at the open on 4/9, where you could have snagged some shares @
$6.43, or perhaps later in the session when
$CLM was trading as low as
$6.34/share. CLM closed at
$6.50 on 4/8, just above the session low of
$6.48 but those weren't my buy-in prices. I'm currently holding 2k shares at an average of
$7.41/share. This will pay me
$244.80/month but what's even better is the #DRIP price I get at my broker is at #NAV (one of only 2 CEFs that I've found that do this, the other being the other Cornerstone fund,
$CRF). CLM's closing price on 5/30 was
$7.77, just under the session high of
$7.78 and then NAV was announced later at
$6.56 so at that price it's almost like buying at the lows. Gawd, I love Morning* (and ToS) charts!
