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Prospect Capital Corporation Message Board

  • rlbeard6734 rlbeard6734 Jun 10, 2013 2:56 PM Flag

    bottom currently in on PSEC IMO

    looking at the charts, stochastics and rsi I think it is safe to say the low is in on this downturn, bought at 10.44 and doubled up at 10.18 didn't get the fill on the 10 so average at 10.31. I really expect this to now rally to above NAV. GLTA longs in the next several weeks, lots of strength today MY thoughts are that you can hold this up to earnings as most are expecting earnings to be above estimates this time due to Wolf Energy and the lateness of some deals last quarter.

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    • I would respectfully disagree cause PSEC may still be a LONG way from bottoming out. It would be to the advantages of management n shareholders that it will continue to drop to $9 so management can buy back 100M shares. If the company serves notice U will know what I said will come true. I still strongly believe it will drop below its 12-mo low of 9.80 by the end of this year.

    • I bought more when it went below $10.50 and I added more today at $10.26. Good luck to you and all the others. Hopefully there is good news around the corner.

      • 1 Reply to wimuskyfisherman
      • muskyman, i like the news about Wolf Energy as that added some funds and increase in NAV but don't really know what type of news to expect or hope for other than waiting for the next earnings report. They don't have a lot of news coming out that really affects this stock. new loans are a part of business like aapl selling a computer. So I am just hoping for a return of the stock price back to NAV at this point. I have 10k shares and would like to see it get back to 11. I sold a few other stocks today for a day or two trade feeling we could see a small correction in them but who knows as they are possible buyout candidates but at least I got off margin again. I hate paying juice even at 3.5%, part of my old age sitting in.

7.56+0.01(+0.13%)May 27 4:00 PMEDT