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1caflash

1caflash
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  • For Dividends, It Might Be Time To Explore Business Development Companies [View article]
    I am starting to use ADVFN more, because I want to avoid making the mistake of selling a stock like ARCC too soon. I looked at the after-hours trading action for ARCC, MAIN, and PSEC. I noticed huge trading blocks submitted for each stock. I wanted to know why CNBC showed a $32.50 price for MAIN on my T.V. screen during one of its shows, October 4, 2012. Someone put in an order to sell over 8,000 shares at a high price. Unless there is significant news unknown to me, the high after-hours prices might just be what I call "Renegade Trades". It definitely appears that there is more "Big Money" interest in these BDCs. October 5, 2012, might be more interesting than usual.
    Oct 4 08:00 PM | 1 Like Like |Link to Comment
  • For Dividends, It Might Be Time To Explore Business Development Companies [View article]
    I enjoyed the article. Maybe it was a mistake, but I sold ARCC October 3, 2012, near the low for the session. (I hate doing that!). I made a profit, and since I have MAIN, PSEC, and GAINP, I have plenty of exposure to the space. Am I the only one bothered by the fact that Ares Capital has a lot of obligations? It seems like the company keeps announcing new bond offers, some of which can be converted into common shares. Perhaps MAIN will do similar actions, but it does not look like Main Street Capital is overdoing its growth strategy. This is not "sour grapes"; it is something I have observed that makes me wonder if "too many irons in the fire" might someday prove to be a bit dangerous. I will not hope for a lower ARCC price; I am out, and will let you know what I do with some of the cash raised from selling the stock.
    Oct 3 05:07 PM | 1 Like Like |Link to Comment
  • Confessions Of A 'DGI Lite' Investor - Part 2: Creating The DGI Lite Portfolio [View article]
    You should see the great stuff my cousin does on the internet, especially about dogs. It is quite amazing, and she makes internet friends from around the world. Here is the contact information with her permission: http://bit.ly/UXuMqM She would love to hear from you. It is so nice to not always write about---you know what. Have fun!!
    Sep 26 07:57 PM | 1 Like Like |Link to Comment
  • Confessions Of A 'DGI Lite' Investor - Part 2: Creating The DGI Lite Portfolio [View article]
    Now, everyone on S.A. knows.
    Sep 24 04:49 PM | 1 Like Like |Link to Comment
  • Confessions Of A 'DGI Lite' Investor - Part 2: Creating The DGI Lite Portfolio [View article]
    I will be more interested in what you folks think might fit the portfolio. I am not quite in the distribution phase yet; I am still in the accumulation (or building) cycle. Thanks to Yo Yo Mama for one of the best writings I have ever read on Seeking Alpha. I want to start 2013 with a strong enough cash position, taking advantage of some good opportunities to diversify, while not having to sell my strongest stocks.
    Sep 22 08:54 PM | 1 Like Like |Link to Comment
  • Be Wary Of Prospect Capital [View article]
    "I can lose my own money all by myself without the help of a so called expert." My objective is also to preserve income; however, I want to learn from my mistakes, so I have a better chance of not being a loser.
    Sep 22 03:50 PM | 1 Like Like |Link to Comment
  • Confessions Of A 'DGI Lite' Investor - Part 2: Creating The DGI Lite Portfolio [View article]
    It looks like there is no stopping------McDonald's Corporation.
    Sep 20 05:13 PM | 1 Like Like |Link to Comment
  • Confessions Of A 'DGI Lite' Investor - Part 2: Creating The DGI Lite Portfolio [View article]
    MMDD: Good work! This question is for anyone. As income investors, how concerned should we be about 2013, with the possibility of some of us paying higher taxes on dividends?
    Sep 19 07:06 PM | 1 Like Like |Link to Comment
  • Patient Investors: An Interesting Dividend Approach Using Your Home Equity [View article]
    Village, I agree with you.
    Sep 18 09:58 PM | 1 Like Like |Link to Comment
  • Be Wary Of Prospect Capital [View article]
    I will not sell PSEC, but I noticed that the three Stifel Nicolaus analysts, who downgraded four BDCs, also stated that they still like Business Development Companies' fundamentals. Perhaps some of us were too harsh regarding Hype Zero's article. I am also noticing that there seems to be a distrust of analysts among many Seeking Alpha participants. Stifel Nicolaus is a very well-respected firm. "Big Money" controls the world-wide stock and other markets, and reacts to upgrades and downgrades. This is part of the system, whether many of us like it or not.
    Sep 18 02:35 PM | 1 Like Like |Link to Comment
  • In The Wake Of Annaly's Downgrade, It's Time To Consider Alternative Options [View article]
    I used to call "Mad Money"; I was on the show twice, but I joined Seeking Alpha, and find this forum very educational and informative. SA contributors and posters convinced me to buy MAIN, PSEC, and RMCF, and have made favorable comments about the majority of my stock holdings. It is obvious that Jim and his staff do a lot of research, but he cannot possibly be all things to all people, although I admit that his show and SA are responsible for my "never-give-up" attitude.
    Sep 16 03:50 PM | 1 Like Like |Link to Comment
  • Be Wary Of Prospect Capital [View article]
    Re: maku. Patience is a virtue; bad language lowers yourself.
    Sep 15 05:35 PM | 1 Like Like |Link to Comment
  • In The Wake Of Annaly's Downgrade, It's Time To Consider Alternative Options [View article]
    Mike Farrell's health is more important for the company's fortunes than one person's opinion, who might not understand the business.
    Sep 13 07:25 PM | 1 Like Like |Link to Comment
  • Buy The Mortgage REITs Or Buy Their Preferreds? [View article]
    Hi! At $44.40, MHR-D was trading at an eleven-point-two percent discount to the $50.00 liquidation price. The company indicated that this preferred issue could be called March 2014, but does not necessarily have to be. The dividends have been faithfully paid, ever since it was originally issued during the first part of 2011. This investment, while risky, (which one is not these days?), is designed not to skyrocket, but provide an income stream for me. It is not a Master Limited Partnership. Magnum Hunter, judging from its recent earnings report, is having a much better 2012 than 2011. The $44,400 was earning virtually no interest. There are not very many preferreds selling for under the liquidation prices. These are reasons why I am fine with this investment. Also, I believe that MHR-D's follow-on offer will be well-received.
    Sep 12 09:45 PM | 1 Like Like |Link to Comment
  • Buy The Mortgage REITs Or Buy Their Preferreds? [View article]
    I wanted to diversify, so September 12, 2012, I spent $44,400 for 1,000 MHR-D shares, qualifying me for about $333 October 1, 2012. Read the prospectus; you might like this one. The liquidation price is $50.00. The main risk is that I could lose big if Magnum Hunter goes belly-up, because the D shares have the least rights in the company's chain. Being a little more agressive than some of you, I am O.K. with the risks. The company pays Monthly. What does Magnum Hunter have to do with REITs? Not much, except that this company has acreage it can explore and possibly develop in the oil and natural gas industries. Thank you's go to Joseph P. Porter and many other good folks with Seeking Alpha, who encourage me.
    Sep 12 03:41 PM | 1 Like Like |Link to Comment
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253 Comments
130 Likes