December 3, 2010
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.
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