I do not short, only use common sense. Buy the rumor, sell the news. Longs seem to have it backwards, but short term momentum is meeting resistance and it will be back in the cellar soon enough. I was tempted around $3.50 to buy (short term only), but did not. If I did, I sure as heck would have sold in the news and got the heck out! Hindsight is 20/20.
then buy more and I will laugh at you when it is back in the $3's.. This company will continue to burn cash until there is no more to burn and will go BK. But first, they will dilute your dum #$%$ and you will buy more and more until you are stuck and finally get so mad you sell whatever is left and buy yourself a happy meal. Keep on buying smart guy!
Sentiment: Strong Sell
What could be the ramifications on the lawsuit? What if the judgment goes through and it is several millions of dollars?
Not to mention, most brokerages charge upwards of 7% to borrow on margin unless you trade over $200k which brings it in the mid 3-4%. So, you better get it right or you are screwed both ways. Paying high interest and losing money on the trade.
I am with you. Down over 34%. I think I will sell off half at a loss and if declines further, sell out completely. I bought this off a recommendation of Zachs or something showing the best BDC's and this POS was listed. I also own BKCC and it has done much better. I believe there is a lot invested in oil and gas co's that are going down and debt is probably not going to get paid back with the price of oil where it is now.
Sentiment-hold but leaning towards sell.
hey man child, it is time to clean your room or your parents will ground you. Put the bong down and do something useful!
It has more downside risk. May pick up some around a buck. Then again, I may not. Too bad the corporate stiffs do not have any faith in the company. If they were buying, I would gamble a few bucks.