trade stock, stock trading

[Opening Position in MFS Investment Grade Muni Trust (CXH)] Dear Member: MFS Investment Grade Muni Trust (CXH)is a closed end fund which means that it trades like a stock and fees and charges are generally less than a mutual fund. Its stated objective is to provide current income generally free from federal income taxes. It has recently bounced off a support and is trading in its lower ranges. CXH has been paying dividends on a monthly basis at an annual rate of approximately 6%. It also looks as though it may have some upside potential for a trade in addition to the income benefit. I am placing an order to buy shares at a limit of $9.25. I will set an initial exit on a close below $9.09 in the event CXH moves against me. DISCLOSURE: At the time of publication, I have no position in CXH. Sincerely, Bill Kraft
Home \| Subscribe \| All Rights Reserved \| Privacy Policy \| Advertising \| Contact Us \| Terms of Use \| Disclaimer \| Links