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PennantPark Investment Corporat Message Board

  • jadelover8888 jadelover8888 Jun 23, 2010 5:07 PM Flag

    What a spread!

     

    PNNT was traded at a 9.75 - 10.10 range today. That was a pretty large spread. It closed at $ 9.78. I was surprised to find that I bought some at $ 9.75. It would be critical to see what direction it will move the rest of the week. If it continues to drop below $ 9.75, then it may be De Ja Vu again because at one time it dropped below $9 (all the way down to $ 8.06 on May 6). At the current price level, PNNT has started becoming an attractive buy and if it drops below $9 again, it will be a GREAT buy.

    Once again, PNNT may be a good company but for some reasons it seems to be much more volatile than some other BDCs. It be interested to see how BKCC will behave, if it closes below $ 10, watch out, the BDCs are going to drop again.

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PNNT
5.17-0.18(-3.36%)3:59 PMEST