Resource Capital Corp. Message Board
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10% correction
We recently hit $7.60 about 2 weeks ago and we are now approxamatly 10% below that.
Any guesses on how much further we may fall?-
Thank for pointing out the 10% drop. The price does seem to be heading back up. I bought in at $6.80
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I would be surprised if we fall back to $6.50. If we do, it would be prudent to load up, especialy if one will hold for the long run.
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I just remember this interesting thoughts that came from "Exdivy" around November of last year.
2010 and first half of 2011 will be plague with IPO's and funds manager will stay deciplined to keep their funds with 10% cash, so where do they get the money if they would like to buy in on this IPO's? Sell some of their holdings that have gained significant amount and RSO definitely is one of them.
Now, I will not consider any drop in price as correction rather I will look at it as profit taking.
GLTA- 1 Reply to who_dat75
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seems like things are coming to pass, eh?
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$6.75 to $7.15 for now. After earnings, if they are good, then up. Dividend announcement up again. Maybe to $8 this time. We have been thru this exact cycle many times before. GL2U.
- 1 Reply to seeds.bill
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I don't really care what the day to day PPS is. The divy is the main concern.
It is only if/when I sell that I want a higher share price.RSO hopefuly is a long term HOLD.
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This appears to be a very great entry point.
Even it it rises slowly we get paid for waiting. -
Maybe mid $6's. I'm actually somewhat relieved, despite the divot in my account. I still think REXI would like to complete that half aborted offering, so I wouldn't mind seeing it stick around in the $6's indefinitely.
- 1 Reply to ruby.thedyke
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Yup. I am not unhappy with my divot either. I picked up some cheaper shares than I had expected. I'm not into RSO for quick capital gain bucks. I'm in for the dividend and the long haul back to double digit share prices. I have a biotech for fast 10 bagger kind of bucks. RSO isn't one of those.
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I'd add that I think the bottom could be at $6.75 - which would be a 10% correction from our $7.50 high in the past two weeks.
- 1 Reply to fredkane3947
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Where ever the bottom may be the company has indicated a 1.00 dividend for 2011 and the desire to be able to increase the dividend. I bought some at 6.67 not that long ago and was very hapy to watch it go up. I was intending on buying some more and then it started to come down. I think I will purchase half of what I eventually want to own today and wait on the other half for a bit. Bottom line is if this stock can continue to pay 1.00 it is a great buy at anything under 7.00 and if there is a dividend increase a year from now the people will be trying to buy it under 8.00.
Some day( 2 or three years) this stock will hit double digits and while we wait we collect a solid cash dividend. After what the company has been through in the past couple of years I am with Fred here and would not be overly concerned. GLTA!
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I'd say we're seeing a general market correction and RSO is a part of it and a volatile stock like RSO is going to react more strongly to that correction. So we have an overcorrection with RSO. I should have listened to my voice that told me to wait another day to buy, but I bought yesterday. So today is another buying opportunity!
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