I like TCAP. Bought it late 2011 in the 19-21 range and reinvested dividends the whole way up. Not a basher and not shorting it. I hope to buy it again later at a lower price.
I was trying really hard to not sell and to get out of a trading mentality. Fortunately my ~70% gain is a long term capital gain as a result of NOT trading. But at these prices, I just can't justify holding it. I would rather take the 15% tax hit and reinvest lower.
I would say buy at 25, buy hand over fist under 22.
Selling mine today. We might get a little more at earnings but it might also not be enough for expectations. At any rate I have been long since 2009. Too much unrealized gains to leave on the table going into earnings. I'll be back. x1.7 book value for a BDC is too high.
Low float, 7 percent yield and march 11 pays 54 cents per share, I will hold mine, this is a cash cow for me , love the 7 percent plus and they also raised their dividend, and it has done so in each of the last 4 quarters, so you pay what 15 percent tax, miss the dividend...you will have to buy back at sub 24 dollars to get the same shares you just sold. I don't think it will go back to 24.00, technicalos and rating are very bullish. jmho
Your math is wrong. The tax is paid only on the gain. You are applying a 15% tax to the entire position. To make the numbers round, say I bought at $20 and sold at $29. I would pay a 15% tax on my $9 gain. That comes to $1.35 tax. If I can buy under $27.65, I am ahead.