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Prospect Capital Corporation Message Board

  • docpvh docpvh Mar 8, 2014 2:13 PM Flag

    PSEC - and the attack of the short sellers

    It seems that, because of the removal of BDCs from S&P and probably the Russel indexes, short sellers are targeting this stock on this message board and on other websites to drive down prices. Once they have their money, maybe we can get back to normal so I guess we just have to grin and bear it until then. Until this happens, PSEC's reputation will suffer from their slanders. Predictable, since PSEC is one of the larger BDCs. If I were an institutional holder of this stock though , I certainly wouldn't be selling now, since that would hurt their bottom line as they get rid of the shares. I assume they will also wait until prices are closer to their stock acquisition prices or suffer large losses, since they are selling millions of shares.

    Who knows, maybe those short sellers, after getting their gains, will be back to pump up prices!

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11.00+0.03(+0.27%)Jul 25 3:59 PMEDT

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