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Sounds kind of dirty, right? Actually, it's because of a clean visual that technical analysts use this term. Technical analysts like charts (hence their nickname of "chartists"), and they like to give certain patterns they see neat little names.
Such is the case with the double bottom, which looks on a chart like, well, a double bottom. Think of three mountains (on a chart reflecting a rise in values) separated by two valleys (representing dips in value). The troughs of the valleys, and the size of the first two peaks, are generally the same, so the chart looks like the letter 'W.' The appearance of those two valleys represents a double bottom.
So what? Well, if you're one of those folks who believes in the power of the charts, seeing a double bottom suggests a long-term trend is about to reverse. So, if a stock chart shows shares falling for several months, then seeing a double bottom, chances are good (according to the chartists) that the shares will rise. And vice versa.
But, beware: charts can be a great tool, but they're more art than science. Use any charts with caution.
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Tuesday, June 17, 2008
AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
Comtex
NEW YORK, June 17, 2008 /PRNewswire-FirstCall via COMTEX/ ----AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of May 31, 2008.
AllianceBernstein Global High Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Brazil 7.13% (01/20/37) 2.90% 2) Mexico 9.00% (12/20/12) 2.22% 3) Gaz Capital For Gazprom 6.51% (03/07/22) 2.20% 4) Peru 8.20% (08/12/26) 2.12% 5) Turkey 0.00% (11/26/08) 2.05% 6) Brazil 12.50% (01/05/22) 1.73% 7) Philippines 9.88% (01/15/19) 1.70% 8) Philippines 8.25% (01/15/14) 1.40% 9) Panama 8.88% (09/30/27) 1.26% 10) Venezuela 7.00% (12/01/18) 1.21% Security Type Breakdown Portfolio% Sovereign 43.49% CMO/ABS 4.28% Bank Loans 2.80% Inflation Indexed Bonds 0.54% Government Agency 0.37% Preferred Stock 0.16% Treasury 0.14% Corporate: Financial 4.35% Energy 3.79% Banking 2.79% Metals/Mining 2.54% Automotive 2.16% Supranationals 2.06% Healthcare 1.81% Gaming 1.71% Public Utilities - Elec & Gas 1.66% Communications-Mobile 1.63% Service 1.57% Industrial 1.54% Petroleum Products 1.41% Technology 1.39% Broadcasting/Media 1.35% Chemicals 1.32% Building/Real Estate 1.30% Retail 1.19% Cable 1.14% Paper/Packaging 0.97% Basket Index 0.87% Supermarket/Drug 0.80% Agriculture 0.79% Public Utilities - Telephone 0.78% Containers 0.71% Consumer Manufacturing 0.59% Publishing 0.59% Communications 0.57% Electronics 0.54% Entertainment/Leisure 0.49% Food/Beverage 0.47% Communications-fixed 0.45% Hotel/Lodging 0.43% Public Utilities - Gas 0.41% Insurance 0.25% Aerospace/Defense 0.22% Restaurants 0.19% Non-air Transportation 0.18% Corporate 0.17% Sovereign 0.08% Air Transportation 0.06% Conglomerate/Miscellaneous 0.05% SUBTOTAL 47.37% Short-term: Time Deposit 0.85% SUBTOTAL 0.85% Total 100.00% Country Breakdown Portfolio% United States 39.00% Brazil 6.48% Luxembourg 5.81% Venezuela 5.29% Philippines 4.26% Argentina 3.75% Peru 3.64% Mexico 3.07% Turkey 2.96% Indonesia 2.63% Panama 2.40% Colombia 1.89% South Africa 1.89% Uruguay 1.53% Canada 1.32% Ecuador 1.21% Lebanon 1.17% Cayman Islands 1.15% Australia 1.13% Ukraine 1.01% Bermuda 0.92% Malaysia 0.92% Iceland 0.89% Supranational 0.75% Dominican Republic 0.63% El Salvador 0.61% Netherlands 0.57% Kazakhstan 0.51% Jamaica 0.40% Ireland 0.39% Germany 0.32% United Kingdom 0.24% Nigeria 0.23% Singapore 0.22% Russia 0.21% Pakistan 0.19% British Virgin Islands 0.11% France 0.11% Italy 0.07% Multinational 0.07% Japan 0.05% Total 100.00% Credit Quality Breakdown Portfolio% AAA 5.51% AA 1.64% A 9.38% BBB 11.41% BB 41.89% B 24.19% CCC 5.04% CC 0.04% A-1+ 0.85% NR 0.05% Total 100.00% Portfolio Statistics Percentage of Leverage: Bank Loans: 0% Investment Operations: 9.20%* Preferred Stock: 0% Total: 9.20% Avg. Maturity: 10.23 Years Duration: 5.95 Years Total Net Assets: $1076.7 Million Net Asset Value: $14.11 Number of Holdings: 497 * Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.
SOURCE AllianceBernstein Global High Income Fund, Inc.
http://www.alliancebernstein.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Friday, 06-13-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 04-25-2008 for AWF @ $13.65. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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