PSEC is going down regardless of the general market. Why. because nothing has changed. Insider buying created the last relief rally but it is over. Going into ex div pps was 7.80, look at it now.
Do your own DD, do not be misled by the pumpers, nor blinded by the yield. There are many reasons why the pps is trending lower, and lower, and..................
Psec is weak in a weak market, looks like this new leg down can easily hit 7 or lower. Pumpers are doing a disservice to investors by rehashing old junk when nothing has fundamentally changed. Buckle up.
Baloney, I arrived at my conclusion on Greece long before talking heads and I posted it earlier. When was the last time you bought something "made in Greece", Do you own any bond funds that have Greek debt in them, no. If Greece defaults will it bring down any other countries, no.........
I repeat, Gtreece is a non event, get over it. Greece debt has been assumed by Euro goverments and if they default it will be wrote off in less than a week. USA will noy be affected, we do not hold Greek debt. Greece economy is less than the city of Dallas. Greece produces nothing and will have no lasting effect on anything..
Hardly any news is on the Yahoo tab. Go to NASDAQ , put in PSEC, then select headlines for all the good stuff including this article and severasl other articles that you have not seen. Just do not post them here, it is just clutter when they are readily available on the internet.
90 dma is at 8.32. All that we have so far is a bounce off the lows, last 2 times same thing happened and it failed both times. Be careful.....
You just gave yourself away, MINNYFAN, and you are not qualified to give any observations about PSEC. 3000@ 10.50 shows how bright you really are.
Misinformation is not good. When you pump you create victims when they buy on your misinformation. PSEC short interest is very low, under 7% but you keep talking about shorts when they are not a factor. Also, almost all of your posts are the same type of misleading hype. If you want to do good, put out the truth.
Yep, that is what i am thinking, bought 3k earlier today and another 2k after your post a few minutes ago.. Also noticed it does not tank much ex div day and recovers immediately. Anyway, .07 for 4 months is good.
KEL, What do you think about GGN now. A while back you were a buyer of it. It currently is a return of capital but that can be good as long as it breaks that trend in the future. Return of cap is not taxable. Ex div tomorrow and divs declared for 3 more months after that.
Well, if we have inflation then gold will rise, and if oil also rises thru year end GGN is a buy today. Ex div tomorrow plus divs declared for 3 more months.
Could be, but nothing has fundamentally changed. As far as TA , one day does not make a uptrend, by friday we will know for sure. If there is a real change in trend hopefully it will at least reach 8.20.....
Baloney, their coming default has been priced into our market for months, there might be a one day event and then it will be over.