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Apollo Investment Corporation Message Board

  • thehiddenangle thehiddenangle May 20, 2010 1:43 PM Flag

    As the DOW turns...

    Its just amazing to me how pegged we seemed to be to the broader market. I'm really surprised we're at sub-nav levels again, apparently for more than 10 minutes this time. But, as the DOW turns I guess! Just like we were crazy high before, now we're headed crazy low?

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    • BDC's go up and down for one reason, buying and selling proportions. If you are a dividend investor, today was a great day to buy up more shares. The dividends are good and most solid bdc's are stable with their divis , so with diving prices, our yield gets better and better. This is a great oppourtunity to scoop up some bargains, the day traders will be back again buying on monday and the longs will benefit from the yo yo prices. I'm long on a bunch of bdc's , but really I am buying the best I can find, enjoying the divi's and my aires can worry about the CG's . Not a bad day to load up some more shares...

      • 1 Reply to seadog72
      • low this can really go. unless OBAMA pulls a magic rabbit out of the hat for you (temporarly at best) this could easily fall back to $8 or less.

        Always dangerour to catch a falling knife.

        am not in this stock so i have no axe to grind but like to follow it and cannot see why you all seem enamored of it.

        Am hoping for a magic up day tomorrow so i can get some short positions...Markets will tumble another 10% by the 4th of July.

        All recovery talk was based on smoke and mirrors to manipulate the markets higher, but not on fundamentals...more people out of work than when Barry got elected and another $3 trillion pizzed away as well.

        Now it is time to pay the piper...

        I am NOT speaking about huge sell-off tomorrow or even next week, but selling will continue...All stocks in all sectors dumped.

    • I agree, the selloff in this stock (and the market in general) seem way overdone. Companies that AINV has in its portfolio are regional or national companies, not international. The average american consumer does not base their purchasing decisions on the Euro or what's happening in Greece. The economy is still recovering at a 3.5% annual GDP growth rate, and most companies have reported strong earnings with a good outlook.

      It's a bit irrational out there, and a good buying opportunity if you have some idle cash.

 
AINV
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