They want to reassure you the Ponzi scheme is not one.....so they buy more. They get oodles of $$ for working at PSEC and the interest on their shares just as long as the keep the hot potato moving.
definitely AINV. PSEC is a semi-Ponzi scheme with slowing sagging NAV, accounting and management issues and may have to cut yield next year. Read a bit on the SEC issue they just had, they are keeping a lot of off books stuff that is troubling to say the least. I would only buy PSEC well under NAV, so in the 9s. AINV is decent buy in low 8s. Rising rates will beat these both down in the coming months, best to wait for better price.
hold off for a bit. Day rates are in question due to a glut of rigs and weakening growth. I just bought a tad but really I think sub $30 is where you would want to pile in. Jctuttle and his knife catcher comment below is on to something.....no rush anyway, it won't shoot right back up.
Yeah, over 1% a month divvie that appears safe is all you need to know. Buy more in low 10s and lots in 9s if you ever see them again.
Cool, sell me your shares for $13 then and your broker will have made you a killing, friggin moron
if you buy low and hold for divvie you will be fine. My cost basis is 10.50 and I have held for 3+ years now, so I am up 36% in dividend minus 2% trading loss. Sweet. Sure if you blow out in the 11s and time your buy back you may beat this, but not by much and with a lot more effort and risk.
you all done jerking each other off??? 79 cents is no reason to get all giddy