Funny thing is, this 'shill' has only posted that he's 'found' something at Penny Stock Weakly. (Misspelled on purpose). That's all he's ever posted.
I hope all you unAmerican jerks lose your #$%$ trying to get rich by buying a COMMUNIST CHINESE stock. There are so many American investments that you could have bought that will do better! Hope you lose every fricking DIME!!!
Good choice - of you like giving money away! Better choices: EPD, AAPL, CLX, And about a thousand others. Good luck. I'm taking a 7% loss in just a short time. Tells me someone knows more than I do about this dog!
That's the difference between us. You're a dividend investor and I'm a ROI investor, and that sometimes includes high divvy stocks. My investment account is up (as of the end of August) YTD 27.52% and 12 months 37.34%. Since inception average 20.20% gain per year. And some years I converted to cash and sat on the sidelines. My active trading year average is quite a bit higher than 20.20%.Sitting on the sidelines with cash is how I missed the big declines under GW Bush. BTW the 5 biggest declines ever, in the DJIA were under GW Bush.
I also like to go to the PSEC board and yank their chains every once in a while. Divvy is .10% less by KCAP, but 5 years ago PSEC was selling at the same price it is today. KCAP has appreciated by 53% or over 10% a year. Boy do they get irate when I point out the differences.
I wish some of you posters lived near me. I could use the fertilizer!!
Every once in a while I compare BDC's. I am heavily invested in KCAP for over 5 years. 5 years ago it sold for $5.50 and PSEC sold for $10.14. Today KCAP has had a 10% per year growth plus the 12.7% dividend. An ROI of 22.7% per year. PSEC is still selling for what it sold for 5 years ago. ZERO growth and a 12.8% divvy. ROI = 12.8%.
Still see no logical reason to own a stock with no growth potential.
I keep our MLP (EPD) in a taxable account since the distributions far exceed $1,000.00 and it's just a lot easier on my bookkeeper. I had a couple but EPD has performed so well for us the past few years that I sold them and bought more. Also EPD gives a discount on reinvestments.
Jimmie: A quick check reveals: If you had spent the same amount of money on KCAP you would have collected .111 less in dividends but you'd have a growth of almost $1,000.00.
Who knows. We can examine it, reexamine it, talk about all the techs and even come up with some BS answer, like the 'talking heads' do on TV. Truth is: Hard to say. I checked our stocks and the 5 biggest divvy payers were mixed. But the solid stocks in our accounts did OK. T +.31, SO + .41, EPD + .55. All return over 5% on our C/B. But KCAP - .12 and CCUR -.18 are our 2 'weak sisters.' Our annual divvies are an annual rate of 4.52% average. Sure beats the hell out of banks!! Plus we have YTD ROI of 21.52% and 12 month of 37.34%, as of 8-31. I'll buy more on a dip below our C/B and have no plans to sell anytime soon. GLTU.
BUY - BUY - BUY. It's below your Cost basis now. It's time to drop some more money on the line.
And the next day it drops over 3%. Maybe it's just people selling to jump on the Alibaba band wagon. I fail to understand why Americans keep enriching Communist China. They have sworn to conquer us and they're doing it a dollar at a time (Multiplied by millions a day). Pure greed I guess.