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Fifth Street Finance Corp. Message Board

  • thewisejman thewisejman Jun 13, 2013 10:38 AM Flag

    Good buys today

    Bought LINE at 32.29, not going to sell it this time. Bought more FFC at 17.79, fire sale will end soon. HPI, HPS and HPF refused to drop further.

    Now trying to buy some FSC at below 10, probably not be able to do so unless market tanks again. Nobody knows how market will end today. It tried to climb but kept faltering and if it closed in losses today, watch out, selling may resume.

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    • LINE is getting hit again by shorts. The price of oil is up a little and holding at $95. Other Oil and gas companies similar to LINE (e.g. VNR) are not down -- or not down that much. So it's not an issue with oil & gas.

      The BRY acquisition will happen, but not until July. Until then, shorts may continue to attack LINE and scare off retail investors.

      My buy-in is $35.50 (ouch), but I'm not going to sell. Natural gas is going to be a big thing over the next few years.

    • My guess is that we will see a detailed news release from FSC explaining in great detail why they made the acquisitiion. This is apparently going to be the hub for future capital investments.,

 
FSC
6.48-0.05(-0.77%)Jul 2 4:00 PMEDT