Opie its the season. It will probably hit a low near New Years eve and take off like a rocket 01/02/2014.
The FED will taper but keep interest rates low for some time. The price action for KMP during the Holliday season is not unsual. The 52 week low $77.60 was 12/28/2012 it might go lower this trip. But i expect it to take off like a rocket 01/02/2014.
I traded AGNC and WMC when the MREIT was stable. I see the sector being very unstable until interest rates rise and stabilize . The QE thingy must also be history . Someone who gets in at the right time and treads water on quicksand as it stabilizes will do well. I would rather buy PowerBall tickets at the present time.
When LINE paid a QT Distribution a trader could make more than the annual payout each quarter. It may be a good trade again when it settles down,
RJR check the historical prices for 12/31. That will my day to add. Just don't drink too much too early:)
Take a look at historical prices of your favorite stocks on the last two days of the year. Usually a good time to buy them back.
Zmarzz, I checked the TCPC MB, there was a total post count of about ten and none were yours. It seem to be a new company , good luck peddling it.
If you were to check KMP historical prices for December and January you might discover that it happens each year. The cause of any PPS movement is investor emotion of fear plus a dose of boredom . Hope this helps:)
But even though Slicktop want own FSC , he will post endlessly about how bad it is. Given the current economic situations i dont wish to be in any stock at earnings. PSEC earnings are due first part of Feb. Will you hold PSEC through earnings?