I've been acquiring this stock at $1.90 for the past few weeks, on the dips. Some days I don't get any, some days I get thousands of shares. Now own quite a bit. First bought it in the $1.46 range. Solid company, good planning, growth potential is huge, if they want it to be. But they should never sacrifice the quality. Quality is the key. The foreign exposure is minimal.
Don't fee; bad. I got 72 shares of an order a while back. Not happy with that. Wanted a LOT more than 72 shares. But that's the gamble on limit orders at low prices. Scored today on GRPN at $3.70. Got all the shares I wanted.
This is a TRADING stock. Not a buy it and forget it stock. Buy on the lows sell on the highs and don't hold it a long time. You can make money that way. Unless making money is NOT your goal.
Why would we export crude oil to Mexico when we purchase crude oil from Mexico? That makes no sense at all.
Oh yes, I have noticed what a Jackazz we have for a governor. And I'm convinced that he was NOT reelected without the assistance of someone that knows the voting machines in and out. Fortunately when the property values 'tanked' in Florida our home went from an assessed value over 200K to 92K. Our taxes went way down and now, thanks to the 'Save Our Homes' the assessed value, for tax purposes can only go up 3% a year. I voted against it way back when and am still against it. I am also against the 'Homestead exemption.' Taxes should be lowered and all property taxed at it's 'Fair Market Value.' Now THAT would be a 'Fair Tax.' Not the crapola system we have now. And there are 2/3rds fewer auto workers now than there were 10 years ago, in Michigan.
Ironic thing is that PSEC and a few other competitors have done WORSE than KCAP. I bailed on KCAP years ago with a good profit but still check every once in a while. Bailed on over 60% of the stocks in our portfolio and IRA a while back. investors, with experience over many years, are terrified that we'll get another Republican president. If so, kiss your money good bye once again. Or start shorting stocks which I refuse to do.
George Romney, while Governor of Michigan, introduced the state to a 'State Income Tax.', which is a tax only on those who actually work. One of the reasons I left Michigan and moved back to the sunny climes of Florida in 1977..
I bailed on all but 5 stocks over a week ago. Now just sitting on the cash for a while. Like you, I wish I had bailed sooner. Would have saved over 25K.
Welcome to the 'Old Coot' club. I sold all but 6 stocks and it looks like a wise decision. Sold some really good ones. Last I checked I did make a good move. Now hold 6. SO has been a staple in the wife's IRA for many years. Along with PLL which just got acquired at $127.10 cash per share (She worked there till she retired at 59). Presently we hold AMNF, SO, SYY, T, and WM in the IRA + a pile of cash right now. In an investment (taxable) we hold AMNF and EPD. We can afford to hold EPD till the end of the year and if it goes down any more take the loss since we already have $34,000.00 in Capital gains. EPD, by far, is our largest holding. I have liked SO as a steady performer for years. I used to use the direct purchase but now use Fidelity since it's a lot quicker and I have some control, at least more than by mail or E-transfer. If it drops below $41.50 I'd really be tempted to buy some more. Right now just holding.
I bought SO in 1995. In 2006 I gave all but a few shares to my grandchildren with DRIP. Acquired it agian up to 1800 shares. Sold all but 100 shares above $50.00. Bought 500 at $42.39 and may add some more. I sold over 60% of our stocks a short time ago. Took the money and ran. Going to sit on the 6 figures of cash for a while. Unless, of course I decide that SO is again a great buy. I have also been acquiring AMNF, a thousand shares here a thousand there. Been a pretty steady gainer for us for the last 4-5 years and dividends are decent too.