Great! I have been waiting for a good entry!!
"""4:13PM Prospect Capital announces public offering of 35 mln shares of common stock (PSEC) 11.92 +0.08 : Citigroup, Barclays, Deutsche Bank Securities and UBS Investment Bank are acting as joint book-running managers for this offering."""
Down in AH almost 1.00
Thanks for the heads up.
I bought some calls on their last SPO but didn't make much.
This may have been lack of my patience on my side.
It took them a while to go back up, but when it finally happened it was pretty big.
Maybe the same case this time since they also just went EX ......
I sold my PSEC previously [April or May] for about $10.92 using the money for MTGE. Bought back 6,000 shares today for $10.92. Pretty cool. Also have purchased 50,000 shares of RSO recently for exposure to the commercial RE side. Man, this is hard work.
Hey Doc, will you be looking to buy options or the stock? The ops seem kinda illiquid, and I remember you making the point that options don't work as well on cheap pps stocks.
Thanks for your advice.