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  • Quick Chat 287   [View instapost]
    Anyone get a letter from PSEC?

    "We do not believe PSEC's current price reflects our documented portfolio performance for PSEC's future...We at PSEC are disappointed that out total return (stock price change with dividends reinvested) in calendar year 2015 was -3.5%.
    We take cold comfort that our total return outperformed the JNK high yield ETF (-6.8), Russell 2000 small cap inde (-5.7) and BIZD BDC ETF (-4.2.)

    Imagine if they hadn't repurchased over 4.7 mil shares to the tune of $34 Mil, at higher prices than the stock is now. What would the loss have been had they paid down debt instead?
    Or acquired additional income-producing assets...hmm, there's a thought.

    I find getting a letter of this kind, full of resolve for a better future while justifying past acts and being apologetic, extremely distasteful. The only difference between this letter and stepping in dog doo is I don't have to clean my shoes.
    Feb 7, 2016. 04:55 PM | 5 Likes Like |Link to Comment
  • Quick Chat 287   [View instapost]
    Here is the latest on Iran and Russia relations and deals.
    Feb 5, 2016. 02:33 PM | 5 Likes Like |Link to Comment
  • Quick Chat 287   [View instapost]
    Aloha, WT!
    I like selling the call or might look at a lower strike price on the call to generate a higher premium... I do not like the idea of selling the put that far out for so little money, though.
    As an example, one can make a buck on a GILD put and hold it a week or less. You could do that around 22 times in the same time frame. I realize you are talking about a stock in the $80's v. one in the $30's. But, while GILD costs more, you can probably make another few bucks by being put the stock and selling it via selling an in the money or close to the money call on the whole shebang.
    Feb 4, 2016. 07:21 PM | 4 Likes Like |Link to Comment
  • Quick Chat 287   [View instapost]
    T is close to 52 week high and performing quite well in this volatile climate. Might be a good time to sell some puts in the $32 -$33 price range and buy the stock if it falls back down to that level. Finch wrote a good report on T and Moody's did not.
    I like T a lot. The divi is above 5%. Usually the options don't move much and aren't that liquid. I haven't priced the puts yet so I don't know if this play has enough meat on the bone to justify tying up my money. Maybe I'll sell some covered calls instead.
    Feb 4, 2016. 02:24 PM | 4 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator Nov 4, 2015  [View instapost]
    Florida governor declared state of emergency for Zika Virus:
    Feb 3, 2016. 04:01 PM | 3 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator Nov 4, 2015  [View instapost]
    p.s.- zika mosquitos are adapting to colder climates, there is evidence they can survive northeast winters, and some mosquitos were found in the Washington DC area.
    Feb 2, 2016. 09:10 PM | 3 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator Nov 4, 2015  [View instapost]
    I read an article about zika that said the test to confirm the virus is only good for a short window of 3-7 days. I wonder who puts out the test?
    One of the symptoms is pink eyes--it looks like conjunctivitis, but not all people show that symptom.
    Feb 2, 2016. 09:02 PM | 3 Likes Like |Link to Comment
  • Quick Chat 287   [View instapost]
    President Obama, in the 2016 State of the Union address on 1/12 said anyone who says the economy is declining is lying. I believe that all three of the democrats running for president are in his camp.
    I don't suggest that the Fed is trying to influence the outcome of the election... I wouldn't go that far.
    Jan 29, 2016. 08:04 PM | 1 Like Like |Link to Comment
  • Quick Chat 287   [View instapost]
    RE: ZH Guns posted-I realize that ZH is permabear, but the fall of emerging market bonds, the bond market failing generally (not just emerging markets), that is alarming, but I don't see much written about it.

    My husband told me a good joke, so I'll share it for a little weekend chuckle:

    This old guy got bored with retirement, so he decided he'd like to go back to work. He scores an interview, but doesn't get hired. He scores another one, with the same results.
    After a long while, he gets another interview, and he is now across the desk from a brand-new- MBA- 25year old who is conducting the initial interview.
    Mr. MBA is asking the kind of questions one gets out of a book entitled: "How to ask good questions at an Interview".
    He asks the old-timer,"What is your biggest weakness?"
    The old-timer glares across the table and responds,"I am always honest, brutally honest, I never tell a lie."
    Mr. MBA smiles and says, "I consider that a strength, not a weakness."
    The old-timer replies, "I don't give a f*** what you think!"
    Jan 29, 2016. 04:35 PM | 7 Likes Like |Link to Comment
  • Quick Chat 287   [View instapost]
    Lets take a poll. I say no, we won't see negative rates. We won't see any more rate hikes by the fed in the next two quarters, either. I'm thinking they will maintain what they did until the election. Otherwise, the current regime will have to admit that the economy is not healthy. That is not what they are saying.
    So, I say politics will necessitate staying the current course. IMHO, based upon no information or knowledge, just my gut feeling on the influence of a very important election year.
    Jan 29, 2016. 03:25 PM | 5 Likes Like |Link to Comment
  • Rowan Companies - Complete Fleet Analysis As Of Jan. 20, 2016, With Commentary  [View article]
    Julen, I read a report from Credit Suisse where the analyst expects several of the rigs would be cancelled early. Unfortunately, I didn't keep the article so I don't know if it is the Super Gorilla in Norway, but he definitely named one in Norway. I do know that the other rig he named, the Rowan Relentless in Mexico, is leased by FCX.
    Jan 22, 2016. 01:35 AM | 1 Like Like |Link to Comment
  • Quick Chat 287   [View instapost]
    The arctic Investment Protocol-(Davos)
    Jan 21, 2016. 09:30 PM | 2 Likes Like |Link to Comment
  • Quick Chat 287   [View instapost]
    Good, now go buy a generator. (Kinda kidding).
    Jan 21, 2016. 03:49 PM | 2 Likes Like |Link to Comment
  • Quick Chat 287   [View instapost]
    depends on your platform, ask your broker. You might have to move the stop up manually.
    Jan 21, 2016. 03:48 PM | 2 Likes Like |Link to Comment
  • Rowan Companies - Complete Fleet Analysis As Of Jan. 20, 2016, With Commentary  [View article]
    Thanks for your review. I'd like to know why you think oil prices will turn around before the end of 2016. I say that based upon your recommendation to slowly accumulate RDC now. Please, advise.
    Jan 21, 2016. 03:44 PM | Likes Like |Link to Comment