No. of Recommendations: 0
PHK, along with PTY and PCN, were all brutally traded down recently too their Nov. level or even lower. The reasons behind this is they now suspended dividend paying, at least for now due to the auction rate stuff (?, preferred shares, I have no idea). Junk bond is not qualified as a buy and hold class, in my opinion. You have to trade that. There are some well known techniques by Merriam or Appel (?). tracks some of these strategies (look at their so called fixed income strategies). You get much better return using the timing trading without being slaughtered.

my 2 cents.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.