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Message: PHK - PIMCO High Income Fund - Does someone know something?

PHK - PIMCO High Income Fund - Does someone know something?

posted on Jan 05, 2010 08:14AM

http://www.google.ca/finance?q=NYSE%3APHK

http://market-ticker.denninger.net/archives/1813-Carnage-Continues-PHK-Who-Smells-Smoke.html ................ I'll go out on a limb here a bit: The "fat finger" claim IS A LIE and there's something nasty brewing here that, as is the usual practice, has been leaked to certain "privileged" players in the market. You're welcome to believe this won't infest and reflect into the broader marketplace. I believe, as has been the pattern over the last several years, one ignores signals like this at considerable peril. You, the ordinary trader and investor, will never be "cut in" on the deal and given the opportunity to get out before the curtains are on fire and people start succumbing to the smoke, and those who both leaked whatever inside information there is and who traded on it will not go to prison for doing so. Nor will the "mainstream media" investigate this and report on it. Not on CNBC, not on Bloomberg, not in the Wall Street Journal, NOWHERE. Your only defense is to look for signals like this and get damn defensive when you see them - right or wrong - because someone who has more information than you do certain as the sun rising in the eastern sky is doing exactly that. ....................

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