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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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Monday, July 07, 2008
The DWS Dreman Value Income Edge Fund, Inc. Announces Monthly Distribution
Comtex
NEW YORK, Jul 07, 2008 (BUSINESS WIRE) ----The Board of Directors of DWS Dreman Value Income Edge Fund, Inc. (NYSE: DHG) (the "Fund") declared a monthly distribution of $0.1167 per share payable on July 31, 2008 to stockholders of record at the close of business on July 17, 2008. The ex-date will be July 15, 2008. The previous monthly distribution was $0.1167 per share.
The current distribution rate represents a 10.95% annualized yield based on the closing market price of $12.79 on July 3, 2008 and a 9.36% annualized yield on a closing NAV of $14.96 on the same date.
For more information on the Fund please contact a representative at (800) 349-4281, or visit us on the web at www.cef.dws-scudder.com for updated information on the Fund.
The DWS Dreman Value Income Edge Fund, Inc. (NYSE:DHG) is a non-diversified, closed-end investment company. The Fund's investment objective is to seek to achieve a high level of total return. The Fund pursues its investment objective through a combination of an income strategy designed to generate regular income and reduce volatility (the "Income Strategy"), and a quantitative long/short strategy designed to seek returns that are uncorrelated to the market (the "Hedge Strategy"). Its shares are listed on the New York Stock Exchange under the symbol "DHG".
Future earnings of the Fund can not be guaranteed and the Fund's dividend policy is subject to change. The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the amount of dividends could change. For more information on the Fund, please contact a representative at (800) 349-4281, or visit us on the web at www.cef.dws-scudder.com for updated information on the Fund.
Closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the fund's shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.
Past performance is no guarantee of future results. Annualized yield is the latest monthly distribution shown as an annualized percentage of net asset value/market price at month end. Annualized yield simply measures the level of distribution and is not a complete measure of performance. Market price, annualized distribution yield, net asset value are historical and will fluctuate and do not guarantee future results
Investments in funds involve risk. Some funds have more risk than others. These include funds that allow exposure to or otherwise concentrate investments in certain sectors, geographic regions, security types, market capitalization or foreign securities (e.g., political or economic instability, which can be accentuated in emerging market countries).
NOT FDIC/ NCUA INSURED -- MAY LOSE VALUE -- NO BANK GUARANTEE NOT A DEPOSIT -- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
DWS Scudder is part of Deutsche Asset Management, which is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company. Copyright (C) 2008 DWS Scudder Distributors, Inc. (R-4462-1 6/08)
SOURCE: DWS Dreman Value Income Edge Fund, Inc.
Deutsche Bank Press Office 212-250-7171, Media or DWS Closed-end Funds 800-349-4281, Investors
Copyright Business Wire 2008
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