For those of you who have been pumping PSEC or saying how great a dividend stock it is, it is time for you to put up or shut up. It had dropped to as low as 10.35 today, right now traded at around 10.39, well below its recent NAV of 10.88 and its recent SPO price, with about a 11.6% yield, so what are you waiting for?
You need to start buying some more NOW and if it drops below $10 a share, it should be ALL IN time.
It was easy to have all these false bravdo, sitting there and kept pumping a stock but when it is ripe for the picking, there is no action? Goodness. What type of investors are you? Buy HIGH, sell LOW?
I have already put in my limited BUY orders for it...
It appears I have more confidence in it than most of you, LOL.
I'm sure there are some people who are waiting until 2013 when they are allowed to add more to their retirement accounts. I've definitely been itching to get more into this bad boy, but since I don't want to sell any of my positions, I'll have to wait until Jan 2 to get wet. GL
Yea, next week will be good timing because it appears fiscal cliff negotiation will get stalemated this week and next week the whole BDC sector will drop like a rock. I looked at the whole sector this morning, almost every single one tanked. FSC tanked a lot because of a SPO. PSEC drops close to $10 will be a great buy, just be patient.