From Imanema92: " He sold at the bottom (at 19.70 pps) "
Well well well.....Look who sold at the right time and made a profit....How are your losses coming along? LOL you must be furious! There will be more pain ahead....I'll check in later to see how you're doing ;)
think of it this way, just DRIP and collect the cheaper shares that will cost average down. You will make even more money than if the stock stayed put once the bounce back to NAV happens. And it will happen eventually. Compounding is powerful. I've had REITS that have dropped 30% in pps. But since I've held for over 4 years with DRIP, I'm actually up by about 30%.
PSEC has hit 8.50 several times before only to rebound back to 11-12 several months after. This is another attempt shake out the weak hands and I suspect there may be another "flash crash" as we've seen before withe BDCs and REITS. I'm putting a buy order in at around 8.50 to take advantage. The fundamentals haven't changed, this is a sector decline. Buy when there is blood in the streets.
"If you didn't sell at $25... that is just sad."
Your logic is astonishing, you blame me for not selling at 25 and below NAV and yet you sold out at 18. 68 where when I sold I actually made MORE than your trade after holding for about 4 years. Pac, you are truly...an idiot.
Your a typical idiot with 20/20 hindsight. It's so easy to judge with history behind you. Oh you should have...I should have......LOL With a 30% cut in dividends, there are other plays out there that are much more appealing. An example is where I made a quick 15% in about 2 months with the reinvested funds. That is about 3 years worth of SLRC dividends. I still laugh at all those who criticize those who made a profit where I'm sure you are now under water. Nice try. I'll take my funds elsewhere.
Really, I guess it's expected that you behave like an idiot and neglected to read my prior post several days ago that I had already sold my Sprint shares for a 15% profit in a couple months prior to today's announcment. LOL. You really do make me chuckle. I've made a profit in both cases so if you did the opposite of me which is what you did with SLRC, you end up being underwater. Nice try little buddy!
"so you still don't feel stupid about selling at the bottom!?!?!? I I called it, you should at least acknowledge this. It's true,"
Your silence says it all. No replies from the board idiot imanema92 who said the above when I sold in the mid 19s and prior to SLRC cutting their dividends by a whopping 30%. I saw the writing on the wall when they bought back shares at a strike price of 22 pps. Terrible management decisions. SLRC will have a hard time competing with the larger BDCs with a larger revolving credit. I'm glad I got out with a good profit.
Well well well, the idiot just ate his words. Did I sell at the bottom ? Nope. did I get out at the right time? Yep. SLRC cut it's dividends by 30% and now is at it's lowest in history. I know you are losing on this while I secured my profits. BTW sold sprint for a 15% profit in about a month. Not too shabby. Enjoy holding your bag ;). I'll check in , in a month or two to get another chuckle
Made a mistake? Shares are down 7% to where I sold AND they just cut your dividend by over 30%? And my reinvested shares are up 15%. Dude, beer just shot through my nose. Very amuzing watching you try so hard. You must have lost big time. Sorry for that ;).
Not yet, I'm waiting for 10 bucks and change. This is typical movment from 14 back to 10. I sold at 14 and am glad I did. No big catalysts in the near term. EU approval is already priced in . My first entry point will be at 10.25
Well well well, look where SLRC is at today. Almost at my strike price 4 years ago. Who was the dufus who said I sold at the wrong time? Typical. ;) BTW sprint is up today. ;)
Glad to see how well you are doing. Let's see SLRC has dropped 5% after opening ur mouth where I'm up 15%, two years worth of SLRC dividends. You must have bought at 22 for you to keep trying so hard to justify your purchase.. Sorry about that ;)
Yup you called it again ...NOT! ;). You've lost on both counts. The more you open your mouth, the more smiles I get and the more you look like the board idiot. Please keep it coming for the laughs. Now up 21% in about a month while I see ur shares keep falling ;).
No, I bought in 2010 for an average PPS of about 18.50. With 7% dividend annually, compounded, yes I made money and am very happy I got out. Looks like I did NOT get out at the bottom as the board idiot mentioned. :), Yes, I'm smiling.
I agree with others on the board. The announcement was hit by large shorting and now NKTR has no real catalyst for several months and see the same pattern of returning to 10 bucks and change or below. I may pick up shares again in the 9-10 pps range. The same pattern seen with MNKD who is also awaiting commercialization has dropped 40% since it's approval.
LOL, wow you just can't stop lying can you? I didn't sell at the bottom. Second I've owned this for many years probably longer than you. Third, I reinvested my winnings into Sprint so you think I care about how this stock is 2% higher than what I sold it for? You make me chuckle ;). Like I said, I feel I can beat the returns from SLRC and I'd say, doing quite well with the strategy. I'll keep monitoring this board, just for laughs ;)