It is slightly above where I got in last time and the company is a better company than 5 yrs ago It did hit the low 6 level in 2009 but I dont see it getting that low again but todays move may change my mind. I really need to wait til after first of year when i get out of another large position but this is going down faster than I thought. Opec is acting fast to wash this oil war down.
well how smart are the 5 negative votes on this post now?? I will get back in and the price looks good today but I must see it settlye first even if I get in a little higher. The worst doesnt seem like it is here yet even though the price is where I thought I would get in. so I will be patient for the turn.
what I really see is that uwe took a $6 hit in aug 2014 otherwise we are still in the same angle of price appreciation and that when the issue of the PBM is finalized if it hasnt caused much of a loss we should recoop most of that $6 loss when the uncertainty is removed and the channel should be restored back to original level, At least that is my hope.
I would compare it to a year hago and the subsequent months except that this time it is rallying less on hype and overexuberance and more on fundamentals and realitiy, the price is not overbouhaght and the blowoff to the upside has not happened so I believe we have a better base than previously and much to look forward to in the coming year. but when you look at the chart from dec 2013 to march 2014 it is similar to that you are seeing form 8/2014 to now in price and action except a little more stretched out.
I would not disagree with what you have said but add Psec is only a trading stock as it can never get much above NAV, it is a stock that should be considered as a CD and traded at certain times. It is not an investment in true teryms. IMO the investment thesis here is flawed by several reasons 1) price can not appreciate much above NAV and NAV can not appreciate except a few pennies but can go down 2) yield is unsustainable 3) they work in a subprime commercial market where risk is high and while they do an excellent job loan losses are inevitable 4) this is not a great place to be in a very upward market as it can not give you the price appreciation of the market and in a down market the risk increases on loan defaults so except for well timed short term buy/sells it can not give you the returns of the market but will always be muted risk/reward.
slick they wont listen they are ostriches, the price has gone down over 20% in the last two years while the S&P has ralled almost 40% and they think they have a great investment, this is not an investment it is a CD losing value relative to price and the rest of market When they are tlaking of losers they are talking about their positions. People get very defensive when they are invested in a stock. It is one thing to get upset with a basher and another not to listen to fact and reevaluate your investment thesis. I used to own this and may again but for only a trade if I do because it is not a long term investment IMO when you understand the program that it is based upon.
it seems like it was very professional to me and sales have been tremendous, I guess what you want is gaudy hype with neon lights and speaker horns. They are appealing to the doctors not to the masses.
filipinas, lets be a little more accurate, for the genotype that ABBv is treating they are as effective but Harvoni treats more genotypes and has less side effects. As far as advertising I have seen more adds for Gild than ABBV and they are very good ads. ABBV will get some market but GILD will remain dominant. I have investments in both but about 80/20 in favor of Gild.
you also have to pay the interest on the value of the stock that you are borrowing on a monthly basis. this funds go to the brokerage house and not the stock holder and is why brokerages can loan you money so cheaply because if you are on margin they can loan out your stock and make a lot of money
I am currently building 4 new homes for rent, on two only need driveways and sidewalks then final grade yand I will be ready for an open house to rent them. Hopefully I will get them done this next week, third one needs cabinets and drive the fourth just got rough in done so it is several months off. all are 3 bdrm, full basement 1425 sq ft.
it still is a stupid trade to pay more than you could have bought it for in the regular market on a market ask. that is why they will stay not rich. It is meaningless to the market not to the person, you are too touchy. Maybe it will make them money but I trade alot and to give away 60 cents per share on a trade is STUPID.
that was a 140 share purchase and not really of any signifigance, just shows the stupidity of AH traders and I am bullish but this purchase could have been done a lot cheaper during regular hours
I own .5% of this stock which means there are less than 200 entities that own as much as me and I doubt there is any big money in this stock This stock will need to do a split or two and get share numbers up before too many large buyers move in. The volume is decent but hard to get in and out with much of a position without moving stock
btw I had 60 calls in jan 40 I bought for $37 but have sold 20 of them but will cash the rest after the first of year when they are LTG. but there is no premium decay it is all gone.
peavel, the question is what price are you in at and time decay will eat premium up, yes at some point next week I would sell before the time decay begins and take a nice profit but just wouldnt get in a big hurry but sell before next minor correction