if a person reads such articles and then hits sell ... then they didn't do the research prior to getting involved in the first place ... hate that its down but as long as your allowed to be SHORT and write HIT pieces for your boys to profit off the article this will happen time and time again... they try to do this all the time with the big stocks too like COP and CVX but fail miserably.. smaller, thinly traded trusts are money in the bank.
I read the SA article ... hate giving that outfit credit one way or the other but funny how WHZ is moving higher with the article calling for a $12 price target should oil get back above $80 (off the top of my head with those figures.. read article this morning)
Im sure someone got wind of the dividend announcement ... what else would it be ... and BTW, we know its going to be bad so not sure why anyone would bail based on news we know is already coming. Good luck.. Im long 3,000 shares ... ugh!
sure, Im pissed but with WHZ only representing 1% of my portfolio its a tax write-off for 2015 ... sinks to high hell but what can I do
So JP Morgan Chase UPgrades PNNT back on Feb 5th and the stock rallies from the 8's to today's 9.6x ... Columbine Capital Services DOWNgrades PNNT to sell just a couple days again and no one notices .. HA! Go PNNT over $10 please!
today's selloff (-1.88) news that ETF's are dropping Atlas from its index's ... add in oil falling -4% ... this is a nice shake out... I have no doubt buyers are laying in wait and will pounce on this for a nice +$2 gain by Monday ... imo