Although psec has its troubles , it appears someone likes it. , It is possible at least for psec to continue up to 11 then drop like a rock after the market crashes after the election, after the fiscal cliff , after the sequester and then after the end of QE, perhaps another offering will tank it.
I have learned something over the last couple months:
1. PSEC is a good stock.
2. Do yourself a favor and WAIT to buy PSEC when its below book value.
I am holding quite a few shares of PSEC(alot for me anyway) and would love to see PSEC go above $12 and keep climbing. But I know reality now and there are ups and downs in the market and PSEC will go up and down. I really think its got momentum now and if the market stays up it could go to $11.50 or a little higher. But in the near future it might be fighting poor market conditions. One thing I am personally happy about is adding shares when it was down. Now I have an average holding price below book value. And as much as I hate to say it, some of the most outspoken people on this board that like to bash PSEC sometimes give out good information. You need to filter it and amuse yourself a little bit but sometimes they do know what is going on.