• nclsamy
    $BDCL $PSEC By the end of June the Russell should finish the rebalance w/o BDCs.Actual dates: http://seekingalpha.com/c/jddsp (thanks jmkdog)
    6/6/14
    Reply (12)
    • oneotherfool: Samy, check this out about the Russel reconstitution. http://bit.ly/1klwq2h Also see FAQ http://bit.ly/1tIOuFk
      6/19/14
    • oneotherfool: "The 2014 reconstitution of the Russell Indexes will occur June 27."..."These changes go into effect after the close on Friday, June 27. "
      6/19/14
    • oneotherfool: I'm taking all this to mean, nothing really happens before June 27. I was drawn to this because $IDRA is a candidate. It COULD be added.
      6/19/14
    • oneotherfool: Now $PSEC, will be dropped for sure. However, the selling might just be related to people knowing that ahead of time. Not sure if this means
      6/19/14
    • oneotherfool: that the dumping hasn't really happened. ...Food for thoughts and discussion.
      6/19/14
    • nclsamy: Many thanks for the links, One! Here is a good article regarding the Russel and BDCs. http://seekingalpha.com/a/1ct47
      6/20/14
    • oneotherfool: Just took a look at it. So do you also think that further dumping might happen on/after June 27 for the companies on the "Deletions" list?
      6/20/14
    • nclsamy: Theoretically, yes, a fall in price might be possible. But in PSEC's case in may be already priced in. Also institutional ownership in PSEC
      6/20/14
    • nclsamy: is not that high, and I assume than only a low % of institutions track the Russell. The shorts may have to cover too, since I can't find
      6/20/14
    • oneotherfool: Okay. I was really just hung up on the technicality. Wasn't talking specifically about $PSEC. Thanks Samy! Learning something new everyday:)
      6/20/14
    • nclsamy: any reason for the BDCs to stay low "forever".This beign said I may lower my stake in PSEC since it's currently 30% of my portfolio and then
      6/20/14
    • nclsamy: buy some BDCL on any weakness after June 27.
      6/20/14