Parabolic National Municipal CEF - $VMO

This post is about the parabolic move of national municipal bond closed end fund (CEF). The Invesco Van Kampen Municipal Opportunity (ticker: VMO) has a parabolic move on December 3, 2010.

This is why I invest in Muni CEF. There will be a day when institutional money come in and create a big gain for small investor. I sold my remaining VMO and swab them with VGM which is higher yield and sell at slightly premium than VMO.