this is not a high beta stock as it is a high yield stock, barring a buyout I don't ever see this moving with the market percentage wise, people that buy this buy for yield and not capital appreciation. It just doesn't move that much on a short term basis. If you want capital appreciation I would recommend JAZZ or LM for the next year, if those move to much for you then I would recommend COP for a long term hold.where you get dividend and capital appreciation, it has averaged 20% return for me for 3.5 yrs.
PSEC typically falls for a week or so after ex-date and then goes up toward the end of the month as people start buying for the real nice dividend. So, a short term drop is not a bad call. But, by ex-date minus 1 day, we will be up from here if the typical trend continues to prevail. This stock is a keeper for those who want steady income. You could short this stock the day after ex-date and then cover the short and go long on ex-date plus 8 market days and double your return compared to buy and hold investors. That's too much of a hassle for me. I'll just stay long with my base of about 5,000 shares and buy on the mid-month dips and sell those additional shares on ex-date -1 day. The number of swing trade shares depends on the market, the size of the dip, etc.