It looks like December and January have been good appreciation months for PSEC, of course past performance is no guarantee of this years performance. I like the news that has been coming out and think we head higher, although I am somewhat concerned with how high the overall markets are now without a meaningful correction in some time.
Yesterday's short upward swing was just that a short-term swing. With the budget b.s. still to be resolved and the news that the taper will begin in January, I think you can throw out past performance. The markets haven't had a correction in quite some time and I really can't see PSEC going up very much if the market does otherwise. At least we get monthly dividends to off-set any short-term paper losses and I have plenty of saved monthly distributions to re-invest in PSEC at the proper price. Good Luck!
No offense meant but I hope you are wrong. The taper may actually be viewed as a positive thing for the economy. If we no longer need QE that means we are in recovery and the markets flew on that news the other day. I was going to buy today, but I may just wait until it goes ex-d and see if I can get it a little cheaper. Thanks for your opinion.