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Author: loveoldcars Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35380  
Subject: Who Set the Bomb Off: Pimco's (PHK) Date: 12/30/2009 7:14 PM
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<snip>Someone smelled a bit of smoke yesterday, but the real fire sale was this morning.....

To put this in perspective that issue traded nearly 8 million shares today, against a normal volume of 1/10th that.

PHK is a closed-end PIMCO fund. What's in there? As of September 30th, Pimco disclosed the holdings - have a look....

There's a pretty good mix of "stuff", including a fair bit of mortgage-related exposure.

What would prompt "someone" to unload nearly $80 million bucks worth of this issue more-or-less "all at once" earlier today - and with what looks like a market order - a "get me out right now irrespective of price" sort of circumstance?


About 14 times normal daily volume; all at once!!!

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