Replies to post #404 on Prospect Capital Corp (PSEC)

[jugs]

Biff2---You are being really hard on yourself. I can't imagine that you're somehow better off for that.

PSEC has done no more poorly than its peers. The industry as a whole is being impacted, some are saying, by the severe drop in oil. Whether substantive or not, you aren't losing money due to the share price being lower---unless you were planning on selling when capital appreciation reached such-and-such a level. Assuming you bought shares in your wife's IRA, you did so for income, presumably. Your program is still working although not as efficiently as you might have wished. But it is working.

I'm sitting on some cash and will definitely be putting it to work on more PSEC shares if they drop back into the $8.50 zone. Having paid $11 for my first shares, I understand your pain. But I've added shares along the way and when factoring in distributions, my revised cost basis is $9.45. Still underwater but this is how things go in the life of a stock marketer.

Keep your chin up! These are tough times for PSEC and like companies. But experience toughens us and also teaches us to accept fleeting disappointments. Things will improve. And when we sense that will not be the case, we move on. I call it getting smarter.

I hope I'm not being stupid lol---but I'm hanging tight for now as I see nothing frightening me away.