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?
The 'record' levels of 'poverty' and 'welfare' are a directr result of the GOP programs since 1981. There has been no wage growth. There has, however, been an exodus of jobs to other nations since REAGAN and GHW Bush removed , or reduced, all the import tariffs. US corporartions can now make a product in another nation and import the shoddy crapola into the US tax free, Over 25 million jobs have been lost because of this. Obviously you ARE NOT an economist! It's all Obama's fault that my net worth has doubled in the last 5 years. Didn't make squat under the 'great' GW Bush.
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 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!!!
And just who is responsible for the doubling of the stock market? Bush almost crushed it. He did the banks but luckily he (Bush) finally listened to his financial guru's and started the bank bailouts, TARP and the auto industry bailouts. Had he not - we'd all be up schitz creek without a paddle. And Obama was intelligent enough to NOT stop those programs, plus he put the cost of the 2 Bush wars ON BUDGET, while GW HID the costs under 'Discretionary Presidential Spending.' Obama is so much better the GW Bush and Ronald Reagan it isn't funny.
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.
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.
I'm out tomorrow. Chinese companies are not investments. They are a gamble.
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.
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 $1,000.00.
These last couple weeks made me wish I had more cash on hand to invest but it's almost all invested! And I can't find anything I want to sell.
RIGHT. Cut taxes some more so the US Companies that make all their #$%$ 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?
I buy on the downside too. That's how I wound up with the thousands of shares we have. Anywhere from 100 at a time to 500 at a time. I have another CCUR, Concurrent Computer. Same thing. Unfortunately we have no cash in either the investment account nor the wife's IRA. Should have sold and generated some cash for October. For 3 straight years it's been my worst month of the year. But I looked over the portfolio and didn't have anything I really wanted to sell! I retired in 1997, in my 50's. The investing is a 'game' to me. And one I love to win at! So far, since 1995 done very, very well. Took some hits early this month but the last 3 days have been very generous to us. Still down for the month though! Not even thinking about selling this at these prices. I told a friend, who wants income and growth, to buy this. He bought FCEL, MTOR and GRPN instead. Losing his derriere.