Early today reader “Bluejoseph” noted in one of the comment sections that he was able to jump in on some of the Gabelli Dividend and Income preferred shares (GDV-A or GDV-D) as he noted them tumbling on very high volume–likely a dump by a fund.
“BlueJoseph” was able to buy them for 1-1.5% below where they had been trading and share prices popped back up after the selling was done. Better yet the shares go ex-dividend in a few days.
Now we have the “$25 Preferred Shares – High Volume” list. We will add the link on the “All Preferred” tab.
The new list will show the all the $25 preferreds–and they will sort in real time by multiples of the average 30 day volume. We will highlight in RED all issues that are trading at least 3 times their average volume. Investors should be able to pick up on large share dumps after the first 30-60 minutes of trading and if desired maybe capture a bargain.
By the way–the 2 Gabelli issues noted above traded at 28 and 17 times their normal average daily volume today.