Tuesday, October 7, 2008

Trust Certificate JZJ AT & T BOND

Early this morning, the Trust Certificate containing the AT & T bond (JZJ) did a belly flop, falling over 6%. When the price falls, the yield increases. When I noticed it, the bid was 16.32 with a 16.46 ask, so I did something that I would normally avoid doing. I entered a market order to buy this  Trust Certificate to add to an existing position and placed another order at the low for the day. This TC is discussed in a prior post with the same heading as this one.

No comments:

Post a Comment