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  • Prospect Capital's President Grier Eliasek: An Exclusive Interview [View article]
    I call it the "Poor loser syndrome", where you have to go back and repeatedly cruise the comments to justify your stupid decision to sell low!

    I seem to sense in this younger crowd that stocks will keep going up, up and up forever, not the case.

    It was a great run from 2008 and money was made, but the party is over, for now.

    Staying the course and long PSEC, SLRC, GSBD, FSC

    Oct 3, 2015. 11:12 AM | 2 Likes Like |Link to Comment
  • No bid for BDCs [View news story]
    "Be greedy when others are fearful....."

    I've been through this dog and pony show many times. Sure it's wonderful if you can time the market. But in the end the greed of man will prevail and stocks will once again sail high, as always.

    NOT selling, not worrying, the divy's still keep rolling in. You only lose when you sell, and I don't sell when others are in panic mode, if fact it's the other way around, I buy. It's when I make my best money.

    Sep 29, 2015. 11:17 AM | 8 Likes Like |Link to Comment
  • Prospect Capital: This Is All You Need To Know [View article]
    Great easy read. I have 4 BDC,s in my port, one is underwater quite a bit, but I've held it long enough with the divs I'm just about even.

    The market is in a downturn and it will pass. As I'm in this for the long haul and I like the money made tax free (Roth IRA), for now I will reinvest and diversify as I don't need the money right now. One thing I know for sure after 20+ years of a DYI, selling low isn't an option! Every time I've panicked in the past and sold low the stock price would recover.

    This article perfectly illustrates how my little excel spreadsheets work keeping track of my BDC's in a way TDAmeritrade doesn't. As I add the monthly/quarterly Dividend's I get a figure of "cost per share" that reflects not only price paid but the divvy too giving me a "real world" figure to consider.

    I like that way of looking at my port and I like this article.

    Sep 27, 2015. 11:30 AM | Likes Like |Link to Comment
  • Prospect Capital: This Is All You Need To Know [View article]
    I voted no...
    Sep 27, 2015. 11:17 AM | Likes Like |Link to Comment
  • What Lies Ahead For Dividend Stocks? [View article]
    I like the idea of having cash on hand in bearish times to jump on some beaten up stock to later capitalize on the fear mongering.

    Aug 15, 2015. 10:16 AM | Likes Like |Link to Comment
  • Has Prospect Capital Hit Rock Bottom? [View article]
    Fear mongers fall right into the shorts hands. This isn't my first rodeo and anyone who sells now, well, you'll learn.

    I have been reading the huge amount of articles on PSEC and the emotions generated.

    Maybe it's having 20 years of being an investor/trader and three market crashes that my skin is a little thicker or maybe I think this is all a bunch of hot air that will blow away when the sellers are done and the shorts are gone. I think were about there.

    Now I have 1500 shares and I still do not see any major fundamental reason to sell this stock, especially with the childish name calling and bickering going on with Seeking Alpha where apparently anyone can write anything they want! Panic is not a reason to sell!!! It is a time to buy! Panic is where I make money! My only regret at the moment is that I don't have any free cash to buy some more! At these prices? Hard to ignore. Yes I am a bottom dweller and have done nicely scooping up oversold stocks let loose by panicky sellers.

    Time will tell if I'm right. I will say this, I'm not worried one bit about PSEC or any other stock in my port.

    But I am worried about this loose cannon web site call "Seeking Alpha", don't buy into everything you read, after all it is the "internet"! The sheer volume of articles is enough to instill fear and I find the dynamics very interesting. Lol, maybe I should write an article about it.

    Did the shorts take advantage of the fear? Of course they did. Anyone who sold for a loss played right into the short sellers hands. PSEC, with the amount of articles, I am sure attracted a little too much attention.

    And the number one reason to dump PSEC I keep hearing over and over and over; "..the management makes too much money", "or they don't talk nice" or some crap good lord, lol, it's kinda funny in the big picture.

    Stick to the basics and leave your emotions on the table if your gonna play here.


    long PSEC and standing pat.


    Jun 12, 2015. 10:42 AM | 12 Likes Like |Link to Comment
  • Prospect Capital - Lies, Distortions And The Truth [View article]
    @11802571 Yea like there was a real choice there. Would you really want McCain/Palin running things???? lol..

    standing pat on 1500 PSEC

    Jun 11, 2015. 09:22 AM | 1 Like Like |Link to Comment
  • Prospect Capital - Lies, Distortions And The Truth [View article]
    "I've seen too many stocks go out of favor and then rebound with a vengeance,"......

    Me too! Usually right after I sell for a loss!

    Jun 10, 2015. 04:10 PM | 10 Likes Like |Link to Comment
  • Prospect Capital And The Barron [View article]
    @Javelina About the most made sensible reply I've heard yet!

    For instance, I own 2000 shares of Solar Capital (SLRC). I'm down (11.56% or about 5 grand), but I'm really up. When I count the dividends I am just above water. Even when SLRC dropped their dividend I held. I first bought 500 shares of SLRC in 9/2012 and have been adding since. It's all gravy from now on with that stock unless somebody drops an A-bomb somewhere.....

    In ten years I'll own this stock for nothing!

    Then it would be a great time to sell it all and go buy that new RV! I'll be 70 by then (If I'm not dead, lucky nieces, they get it all!)

    Jun 10, 2015. 11:33 AM | Likes Like |Link to Comment
  • PSEC: Portfolio Rehab, Step 2 - Know Who Works For You [View article]
    Your mistake was to sell at a loss, try not to put so much focus on the ton of negative articles. These blogs and comments, fun to read but when I step back this forum can be "over generating" fear. My friend, time is on your side, buy and hold, hold, hold. Look at the big picture. When I hear my other peers here talking in a calm voice, they are usually older retired, experienced traders. We know something, we know you can "wait it out" and still make money. 6 months is nothing.

    And to all the other "worrisome" readers, is your fear that management is going to run this stock into bankruptcy? Is this stock headed to zero? I don't think so.

    Pretty much the whole BCD sector is down. Typical for summer, people are outside more, NOT LOOKING AT A COMPUTER!!! (damn those smart phones! lol)

    A half a million + (so far) sockeye salmon are headed upstream in the Copper River in Alaska, I think I'll turn off my 'puter and go get some along with some fresh air! The best camping is where there is no cell coverage!

    gone fishin

    Jun 10, 2015. 11:16 AM | 1 Like Like |Link to Comment
  • PSEC: Portfolio Rehab, Step 2 - Know Who Works For You [View article]
    That statement is true for any security (contradiction in terms!)! Oh I've had my loss'es, some nasty ones too. But I"ve also had some fantastic gains and overall I've come out ahead.

    I've been squeezed out in panic mode before too many times, the last time I lost $8900! ouch! Then the stock bounce right back and then some.

    No way I'll sell PSEC now, I'll just plug along as I do and not worry about it. When blood is running in the streets it's time to take a vacation.

    Summertime is never a great time for stocks anyway.

    Jun 9, 2015. 11:19 AM | 1 Like Like |Link to Comment
  • PSEC: Portfolio Rehab, Step 2 - Know Who Works For You [View article]
    @the author, I had to see how old you are, 36 and you're article "made" more sense to me, from your perspective. I'm 60 and you're going to have losses, but only if you sell at a loss. Were going into a bear market and the easy money is over, for now. 6 years ago I felt like I could throw darts at the Wall Street Journal and make money.

    Not so today, I felt you should of held at your age. You can wait it out, the sellers will eventually move on and so will the price.

    Of course PSEC management is in it for the money, isn't everyone?

    Patience my friend is a good thing in the market.

    long PSEC, SLRC, GSBD, FSC

    Jun 8, 2015. 08:59 PM | 5 Likes Like |Link to Comment
  • Why I Prefer Surgutneftegaz Preferred Over Common Stock? Its 21% Dividend Yield [View article]
    Tradehard, thanks for your input. In this day and age it's very difficult to know the all of what is going on in the world. There is so much media today it can be overwhelming, so I only get the quicky news version on NBC, sometimes BBC to see what's up in the world. Then there's local news. There is not enough time in the day to hear it all.

    And I agree, Russia is a different place. I once dated a Russian gal from Moscow, smart, sexy, had a medical diploma, and sometimes very difficult to understand. But when the relationship ended I was and still to this day have this impression of Russians, they are 50 years behind the times. Oh perhaps not so much in tech but in attitudes.

    Too risky for this guy.


    Jun 7, 2015. 02:37 PM | Likes Like |Link to Comment
  • Why I Prefer Surgutneftegaz Preferred Over Common Stock? Its 21% Dividend Yield [View article]
    After my little chinese solar stock experiment a few years ago I'm all done with foreign company's.

    Jun 7, 2015. 02:21 PM | Likes Like |Link to Comment
  • Prospect Capital: An 'OK' Quarter With A Stable NAV Was All I Was Asking For [View article]
    Exactly! You only lose when you sell, what happens today will be a different story next year.

    However I think everyone is missing a bigger point in general with the stock markets. The DOW and NAS are sky high and people being greedy are (at least those of us that have been through a couple) afraid of the next crash.

    Let's face it, the easy money is over, for now. I made some great money after 2009, built half of my house from stock profits. But it ain't happening for now and sitting at a computer day trading isn't my gig, been there done that. And in those years after the last crash banks weren't loaning money, didn't that open up a gold mine for BDC's? And is perhaps that mine tightening up a bit?

    For me parking my money right now in BDC stocks just makes sense. No doubt I think there are too many of the readers who have over realistic expectations about dividends. Anything over 10% is pretty damn good, but come on, to NOT expect dividends to go down ever is stupid, no offense. The economy seems to be doing good, I don't see long lines at the soup kitchen and the stores are full of people and everyone is driving a nice car.

    I think I'll just sit back and keep my little dividend stream keep coming in (and reinvesting) and sit tight. Stocks go up, they go down. Down is not a good time to sell, never worked out well for me!


    May 12, 2015. 11:50 AM | 5 Likes Like |Link to Comment