It might behoove all investors to read about Seeking Alpha disclosures on PSEC investments since 2008. In particular how the investment in AJAX has developed into a major loss for PSEC, Elisiak states no investments have been on non accrual. Ouch! Carefully read SEC filings to determine the smoke and mirrors!
Yes, RSO was at $17.00 when I first bought but thank heavens I got out at $15.00. Got back in when it was around $2.00 or so! Daniel and Betsy got RAS up to $36.50 for those that remember. Sold all at $33.50 and $36.50. Within 3 months it was unraveling and down to $1.00 or so. Never bought in again as my faith and trust went out the window. Good luck to all with RAS going forward!
No question about RSO Jonathan, he is a straight shooter all right but he always misses the target! I have given up the faith my friend, I'll be 6 feet under in another 10 years best move on! LOL to you!
That's a great analogy of rewinding the tape. Dumped over half my position at $5.92 but rest did not sell. On March 10th we get a chance to hear Mr. Cohen again. Am truly hoping he has expended more energy on TICC than he has on RSO for several years running! Hoping rest goes tomorrow after "hoping" for 6 years. Added to PSEC and FSC and if things look okay might add to TICC! Okay Jonathan what do you say?