Am not thoroughly convinced that PSEC has their head screwed on straight yet. I am waiting another 3+ months to see what new wackiness they put out. If they are quiet for that long, I might shove some money their way. Think $7.50 to $7.75 is tops for them right now. Think there are better honey hives for hungry bears who wish for better profit and less grief.
Agree with Phil that accumulating some cash might not be a bad idea, been doing some of that myself. Have been liquidating some stocks that I am too heavy in and are in the green on: ARCC & PNNT.
But am still overweight in TAC a Canadian utility that I bought in Nov & Dec of 2015. Divie is a nominal 3% but am up right now 25%. Am thinking that it is a safe way to grow your portfolio with minimal downside. Most of the carnage is over with TAC. Divie has been cut to a sustainable level, business is being better run, & even in a recession (which Canada is teetering on) people need electricity. Might not be as sexy as other volatile stocks but I need some decent stocks that don't keep me up at night and still make money for me.
Agree clrod, past history stipulates usually a recession when their is a changeover in the president. Am slowly averaging my cost of GARS & a few other stocks down to hunker down for the possibility of a Oct 2016 recession.
Not commenting on stocks. Am commenting on voting. Vote, if your primary is today. Don't care who you vote for (I do really) just get out & vote. Renew your license to rant & moan about the losers in political office. Wish I could vote today. WV has their primary on May 10th after the primaries are decided. Remember VOTE, VOTE, VOTE, VOTE.
Yea Bear, am still holding for the long term. About 3 months back changed my investing to a type of "phil-style" investing. If I am buying a stock it is to hold for at least 6 months or better. Ergo make sure you buy right.
All stocks that I hold except for 5 are long term holds. The 5 outliers I am waiting for their price to appreciate enough for me to sell and break even.
Might look at TAC - a Canadian UTE that is divesting coal to become more a renewable ute. They have already slid from $21 down to bottom at $2.50. Divie is a skimpy 2.7%. I got in at $3.72 now selling at $4.40. Think they have turned the corner and could be marching back to $10 or higher.
Can't give a link but it is an article by Forbes in Todays Yahoo News Feed. Author does not like Tannebaum and the article reflects that. Might be a secondary reason for FSC plunge today.
On the Oil & Gas front - CHK hit a 52 week low then went up $.90/share after CHK reinterated that they were not going bankrupt. Quick money to be made if you have the stones/stupidity/confidence. I don't have the stomach for CHK currently. Might be some money to be made but would have to use money that is not essential to gamble on CHK.
Currently have a REIT doing okay today along with a utillity. All the other stocks owned are gasping for air currently. The REIT is HASI up today almost 3% (50 cents) & also the utility is TAC up 1.8%. Knew TAC and HASI were going to work out. Thinking TAC will eventually get back up to $10-12 maybe higher.
That is why I bought more LAZ 2 days ago. Wanted to be more than sure that I would get the dividend. Been caught in the Ex/Record/Payable date more than once - because of my own ignorance. Now I play it safe.