Ares Capital Corp (ARCC)

[creppie]

Buy today for ARCC .35/sh dividend.

From current ask of 8.22, that's 4.25% yield. Not bad.

[creppie]

Ok, I'm in riding with ya. My target is 8.70 but may consider holding until ex-date.

[swenglish]

:)

!!!

[creppie]

En route to 8.70 now. :)

[swenglish]

I saw that res level too. I didn't see that triangle though. 50 and 200 have crossed as well.

[creppie]

I'm seeing an ascending consolidation. Watching for 7.75 break. If the market gets an inkling of power in the next 2 weeks, this will move ahead of the class, I think, based on its behavior since I've been watching it.

Again, I'm happy you're here. This is a great growth stock, imo. I'd recommend it to my parents.

[swenglish]

2 charts below

I plan on long term here, for divvy. BUT, I'm a veeeeery impatient man. If I see a big dip coming I may jump out, back in at a "bottom". This money is "play," meaning that it can be lost without damage to me, but the temptation to trade is so strong.

That being said, I'm no real believer of the SAR, but look at it here. Good Gains when it is under. I still feel we are in for a term of sideways trading. Ok. Good night bro of mine because we seem to alone on the whole Hub here lol.

[creppie]

Hehe.. I played the swings until 2 wks ago during the bull market. Now, I'm watching the chart here and there but won't go in unless I see a big move coming.

I'm building capital and prefer to keep agile until I hit a point where I'm comfortable using a %age of it to sit on promising longs. That might be around $50k in a couple years. heh. :)

[swenglish]

you said "hose" haha. Just kidding.

Well color me jealous. I wish I could do that right now. Are you flipping this or holding?

[creppie]

...hose that have 10 hours a day in front of the screen and about $10k to flip.

That would be me exactly. Even to the dollar amount.

[swenglish]

Looking good. Was kind of expecting it to take a little breather. My chart of it looks very healthy. Back to 7.56 now. This would be a sweet flipper for those that have 10 hours a day in front of the screen and about $10k to flip...

[creppie]

Wow, aggressive pullback here. It's not usual that ARCC moves more than FAS/FAZ. At -2.05%, FAS = -1.24%

[swenglish]

Jumped in this morning at 7.47, looked like 7.46-7.47 was a wall, once broken it looked good.

[swenglish]

Totally agree.

[creppie]

$6 is going to be hard to come by unless the market pulls back... which it looks like it might do slowly over the next few weeks. We'll see.

[swenglish]

Thanks! I'm gonna see what it does on Tuesday. It looks like it could go either way just from a chart perspective. Would love to be able to get in at like $6 though for an even higher div%. We'll see.

[creppie]

Daily Chart.

[creppie]

60-min Chart.

[creppie]

Hey swenglish! It's so nice to have some company in here. Great work on AIG! I think that ride's probably over for now with all the reverse split hoopla.

ARCC was tipped to me by a friend of a friend who works for them about a month ago. The word is that the co's in great shape and has been throughout the entire down-turn.

I've been trading the chart on it. It's had some killer multi-day swings. Even on market-wide down days, I feel very safe having my money in this because it tends to mostly hold its ground when most other financials are taking a dive.

Some charts to follow.

[swenglish]

Hi Creppie. I'm out of AIG with +0.30 and looking for something else. Saw this mentioned in some article with a 20% divvy, why did it not come up on my divvy scans a few weeks ago when it was 30%-40%? Oh well, gotta do some DD and figure out an entry point.

[creppie]

ARCC at 7.80!! WEEEeeeEEEEEEEEE!!!!

[creppie]

Weeeeeeeeeeeeeeeeeeeeeeeeee!!!! (echo.. echo... echo....)

[creppie]

Anybody else watching this?