Once again it does not matter that it is all.They ,all that were in the Russell, will take a hit.In the long run the buy and holders of prospect will have less volatility in stock price,which will be good for them.
They sold 13 million shares .This was less than 5% of Psec's shares.never the less they will be out of the Russell.So their is more downward pressure on PSEC stock for the near future.I see it being a long time before PSEC hits $ 12 a share if they are booted out.
PSEC may have not change their accounting.But companies will have to sell,if Russell boots PSEC.So investment money from companies would no longer be going into PSEC.
Pretty look at the lists of company that have a stake in PSEC.By may 15th we will know if PSEC gets booted from the Russell Index.I get e-mail alerts from PSEC.
I saw that the stock was near the bottom so I picked it up.Just like I sold it @ $11.40.I tried to also talk it up then but saw little upside Of course I will lie to you.I want the stupid to panic so I can profit more.
They really do not need the credit facility.These BDC's will find a way around the Russell boot.That is if that happens.Ouch though!!
Moron look @ my posts I NEVER SAID ANYTHING ABOUT $10.50.Someone else posted that on their post!!
Novice investor have not learned that there are ways to increase their monies on a stock.The one who hold the stock and never take gain watch this stock take back some of their possible gains.That is stupid investing!! I know I am in it to get the most out of this stock.