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Prospect Capital Corporation Message Board

  • rlbeard6734 rlbeard6734 Jun 13, 2013 12:49 PM Flag

    made 12 cents on the stock I bought at 10.19 yesterday

    will try to get back in if it goes down below 10.20 again. sold only half

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    • You are learning, rlbeard, you just made in one day, a bit more than a month's interest for PSEC. Good job. Do you know the daily range of FSC today was 9.66-10.34 (closed at 10.32), that was a range of 68 cents, or a 7% range. May be you should start day trading it. Such a wild swing for a good BDC stock without any apparent bad news is unsettling. Yesterday, some top pref. stock CEFs such as JPI, HPF, HPI and HPS reached their 12-mo low, all and other good PS CEFs such as FFC, FLC dropped badly and I bought a bunch of them and today the DOW went back up 200+ points and all these PS CEF's jumped back up 2.5% or more, you can almost day trade them too. This market will become more volatile as the summer progresses. I do not believe any of these pumpers see it at all. Well, we shall see what will happen to their beloved stock. If they are not so nasty, I will not try to make fun of them every opportunity I got. Did you or your grandsons catch any fishes?

 
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