LOL. Can't help but give advice, can you? How has that worked for?
1) Will go below 10.50 - yep
2) Will go below 9.80 - not yet and going wrong way for you
3) Buy the variable preferreds and the mREITS (FFC, FLC, MTGE, etc) - terrible advice for this time
4) Can't go above 11.25 (I think you used the word "impossible") - now proven wrong
5) Will go down after div date - again proven wrong
Others can their favorites
So again, why the need to give advice? It is fun for the rest of us to make you look the fool , but I can't quite get your reasoning?
I recommend taking a look at the historic chart of PSEC. You will notice it trades within a certain range. Although there are extremes of $8 and $14 in the 5 year plot, it mostly traded between $10-$12. For that reason, my target buying price is between $10-$10.50. So until it gets down to that price, I will hold my shares and collect the dividend. When it gets down to that price, I plan to purchase more shares.
Well, it is well above NAV and it is going ex div next week, plus the market is in correction mode. Might be able to get a better price ex div as long as it does not run up going into ex div day. Think todays price action will tell a lot. It is up pre market but only on 1900 shares so far.
i wouldnt buy over $11.00..... even if it may very well go to 11.80+ in the meantime. because the chance of a market sell off in the next few months isnt worth it just to get a couple extra div payments. but that's just me. BDCs take exaggerated hit..... that's when you buy. not when they're shooting up. patience is a virtue. just my 2 cents worth.