Stockchase Opinions

Prakash Hariharan Advent Claymore Conversion Security AVK-N COMMENT May 25, 2009

Convertible debentures ETF. He likes some of the REIT and Power convertibles, which are good spaces to be in. He avoids ETFs because he prefers to be more selective. This one is exposed to the US convertible space, which is more volatile.
$11.890

Stock price when the opinion was issued

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BUY
Individual investors have a very hard time buying bonds because you have to spend $1 million to get a good price. That's why he prefers ETF’s. This is how he plays convertibles.
DON'T BUY
The easy money has been made. 10-15% from these levels is going to be tough.