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At what price?
Can't have a green day every day. Looks like PSEC may have a few red one's due.
Not sure but mid 5's were a gift that keeps on giving. !00k would have been a real nice trade. Then put a stop at $5.50 and let it ride collect 1090 a month in divy's. I missed it have to find another opportunity in a few weeks.
CEO, CFO, and COO all buying insiders that have filed Form 4's for insider purchases within past week.
$PSEC is still moving up. Up about 13% since Monday.
Looks like it is heading back towared $7.50
http://stockcharts.com/h-sc/ui
I see that, I was very lucky to acquire some of this last week.
Hopefully these Form 4's will mean some additional upward momentum.
Q about as expected. Yields down again. So far this q not seeing the repayments..only good news in report. NAV deterioration continues
DEAD cat bounce or this going to see $6.00 again?
Damn I was reading seeking alpo they seem to be more wrong than right.
OUCH this is getting obliterated. Wonder how Barry is doing with his shares did he unload yet>?
The article said it was a buy low5 high 5's! The writer was trying to save his own arse.
What kind of % cut this time?
read an article from seeking alpha a couple days ago and they said they expect no change to the divi for the next couple quarters, if there is no cut it will go back up
juiciest piece of crap I ever owned.
they getting ready to cut the dividend again? This thing getting hit hard again today?
Reading seeking alpo they said management fees are a little excessive no doubt.
The dividend is going to get cut again. There is a real problem here with management enriching themselves despite FAILING to increase shareholder value.
TIME TO GET IN GO LONG 12% juicy DIVVY and lots of upside minimal downside.
It hit this level back in January of 16, this could be a bottom
Def ears unfortunately you will go unheard.. I think lots of investors have emailed them to no response. Lawsuits never work
Management needs to go for shareholders to have a real chance to see sustainably higher prices. Mgmt is overpaid by any metric that measures TRUE performance.
Taking it one step further--the Board of PSEC should be cashiered for violating their fiduciary responsibilities.
Anyone up for a class action lawsuit?
3x average volume today, the bounce should start now
The next dividend cut will kill PSEC. It is indefensible how much management gets for under performance.
i took a position at $6.54 i think the reversal starts now
I wish PSEC management would change--or their management compensation would get cut.
watching this one closely, i may take a position towrds the end of the day. look like chart shaping up for a bounce to me
watching this one closely, i may take a position towrds the end of the day. look like chart shaping up for a bounce to me
watching this one closely, i may take a position towrds the end of the day. look like chart shaping up for a bounce to me
Incompetent, over-compensated management at PSEC. Same story--same outcome.
I will get into PSEC when I see management cut their incomes.
I'd say it's a good sign: perhaps those in the know realize the share price has bottomed out
I am out and done with PSEC.
Other fish in the sea.
Of course now it will probably go back up.
GLTA
I haven't got out yet.
I am hoping it will get back above 6.83
so I can get out at break even.
But I might close out at the EOD if it stays at 6.75.
Add on the .0833 divi we are going to get next month
I will be at Break Even.
The only saving grace is that I didn't have to pay taxes on Divi since they were in my IRA.
I got out yesterday. Turned out to be dead money for 3 years. Should have dumped it on the March peak
WOW that sounds really painful. Makes me feel better for beating feet taking my loss and heading for the hills ASAP.
So what you are saying is after two years collecting dividends in this you ended up under water. So essentially you would have been better off with your money in the bank at 1%.. scary actually
There is a trade coming on
me selling my shares.
After almost two years in PSEC
I lost all my capital gains and sit at break-even at 6.80.
Only thing that kept me at Break-even was that I was on Divi Reinvestment.
So, I will wait for a few days to see if this has any life above $6.80 where I will put in a stop limit sell order. Then I will move on to an equal yielding stock but with less volatility.
"there is a trade coming up." Certainly, but I've never known anyone who could consistently predict the timing and the direction.
Good conversation
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