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Fifth Street Finance Corp. Message Board

  • thewisejman thewisejman Dec 23, 2013 11:57 AM Flag

    Slick should trade NLY instead of PSEC

    Slick was so proud of his making about 1% profit trading 4000 shares of PSEC at a time.

    I bought NLY at 9.85 on 12/19, just sold it today at 10.29, that is a 4.5% profit in four days. Why would he not trade NLY instead? Now I am ready to buy back NLY if it tanks.

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    • I am considering MORL, a basket of 20 MREITS leveraged 2 times, monthly divs, yield well above 20%, maybe 25% 2014. Projected div in Jan is .79plus..........WHAT DO YOU THINK..............share ideas,

      • 3 Replies to slicktop4
      • Morl is too thin. Buy what is working, don't be a hero. SAN, VGK and FCX

      • Now you are gambling, if you buy MORL, because if your timing is off, even if REITs continue to rise, you will lose, BIG TIME. You will be much better off trading NLY, PMT or MTGE. I would not touch it. Even its yields are all over the map:
        Ex/Eff Date Type Cash Amount Declaration Date Record Date Payment Date
        12/11/2013 Cash 0.0869 12/2/2013 12/13/2013 12/23/2013
        11/7/2013 Cash 0.1643 10/31/2013 11/12/2013 11/20/2013
        10/9/2013 Cash 0.7938 10/1/2013 10/11/2013 10/21/2013
        9/11/2013 Cash 0.0884 8/30/2013 9/13/2013 9/23/2013
        8/8/2013 Cash 0.1062 7/31/2013 8/12/2013 8/20/2013
        7/11/2013 Cash 1.1045 7/2/2013 7/15/2013 7/23/2013
        6/10/2013 Cash 0.1155 6/4/2013 6/12/2013 6/20/2013
        5/9/2013 Cash 0.1263 5/1/2013 5/13/2013 5/21/2013
        4/10/2013 Cash 1.3213 4/1/2013 4/12/2013 4/22/2013
        3/11/2013 Cash 0.113 3/4/2013 3/13/2013 3/21/2013
        2/8/2013 Cash 0.0313 2/4/2013 2/12/2013 2/21/2013
        1/10/2013 Cash 1.3195 1/3/2013 1/14/2013 1/23/2013
        12/11/2012 Cash 0.1043 12/3/2012 12/13/2012 12/21/2012

      • I wasn't even aware of MORL, although I don't do much in the M-Reit space. Another one of these 2 X leverage plays on high yielders, like CEFL (does CEFs X 2) and BDCL (does BDCs X 2).

        All 3 of these trade pretty low volumes, so you would have to overcome the bid / ask spread problem. Some times you cam get "inside" those wide spreads, but it can make trading these ETNs more difficult. I don't think you can just sit on these, because if the sector or the market goes against you, they can fall quickly..

        Just my thoughts........Kel

    • On 12/19 you never told me to buy nly, even Scrooge would have shared the fantastic buy point. Merry Xmas.............

 
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