PSEC has been worse than KCAP for any length of time you want to measure. We must ask ourselves: "Should we stay with BDC's for the next year?"
I'm out tomorrow. Chinese companies are not investments. They are a gamble.
They sell today the price drops like a rock. they will sell but a dribble at a time. The stock has reached my 'threshold for pain.' I have a 5% loss. Selling tomorrow and buying more of something else.
You might want to take a look at the 2 year chart to see if you really want to sell this stock today. The GOP has control of the purse strings and hates Obama. That potential for a 2 year slide in the stock market, since every depression and almost all recessions have been when the GOP has control. This is a stock I want to own in that situation. For the next month, maybe 2 there might be a 'euphoria' that moves the market up. But that will end and then you want to be in the stocks that will bring you safety. Like WM, SYY, SO, EPD,CTWS and T or VZ. Stocks that are pretty close to 'bullet proof.' Food, waste disposal, water, electricity, oil transportation. All thing we will need no matter what.
Maybe because the 'ambulance chasing' lawyers have started 'investigating the acquisition of oil Tankers. trying to line their pockets with millions by taking it away from investors. Just once I wish someone would sue them for their actions. There's an old saying, "Let the buyer beware." Same holds true for the seller. Why is a 3rd party, that has no interest in either company ,be allowed to solicit for clients?
If Baloney was a dollar a pound - you'd be a millionaire. Now go back to your fantasy world and leave the adults alone.
No thanks. A fool and his money are soon parted by idiots like you and your 'tout sheet', which has been WRONG 100% of the time.
RIGHT. Cut taxes some more so the US Companies that make all their #$%$ in China and ship it here TAX FREE now can pay less. And the USA can go farther in debt. You're not a student of economics are you?
5 years ago this stock was trading at $3.49 a share. At 6.98 that will mean the stock has appreciated 100% in 5 years. In the tech sector that is a poor performance. Even at under $7.00 a share I couldn't bring myself to buy another 2000 shares. I bought Alibaba instead. Also ASHR.
Same old spiel for every stock just to try and sell a worthless rag 'tout sheet.'
Then you're doing something wrong. Who do you listen to? Do you do any of your own research? I started doing my own research and have no one to blame if I 'f' up. I year return is over 30%. Average for the last 10 years is around 24%. Actually that should be a higher average since I sat out most of the Bush years. The GOP in the White House in seldom good for investors. I am rated as a frequent trader, averaging 150+ trades a year. Not all winners but lately I've gravitated to long term holds. Apple, Berkshire Hathaway, Cracker barrel, Enterprise Products Partners among others. I now have 16 stocks. The lowest count in the last 6 years. 3 are worth less than I paid. KCAP, CCUR and ORI. But they should recover. And none are down more than a 1 year dividend payout.
We have a small loss. Less than 6 months dividends. I just placed a limit order for 1000 more shares. TYhis is an opportunity you don't want to pass up. If they do another round of stock issuance I will sell at the first news and buy it back later. If I had been alert I'd be $3,000.00+ ahead right now.
Then you must love 'Obamacare' which is a carbon copy of Romneycare!!! I differ with your rants. GW Bush polarized this nation which just aded to the divisiveness started by Reagan, the 3rd worst president in history. Reagan RUINED America with his 'One World Society' (Run by the rich) philosophy. How's that 'Trickle Down' garbage working for you? You CLAIM to be working 2 jobs and that your health insurance tripled. BULL.