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sourdo

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  • 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.

    sigh

    long PSEC and standing pat.

    sourdo

    Jun 12, 2015. 10:42 AM | 11 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

    sourdo
    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!

    sourdo
    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!)

    cheers
    sourdo
    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
    sourdo

    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.

    sourdo
    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

    sourdo
    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.

    sourdo

    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.

    sourdo
    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!

    Long FSC, GSBD, PSEC, SLRC

    Sourdo
    May 12, 2015. 11:50 AM | 5 Likes Like |Link to Comment
  • Prospect Capital Corporation: Investors Getting The Jitters? [View article]
    "The Jitters" describes the whole stock market!

    Holding pat and long PSEC, you only lose when you sell.

    sourdo
    May 6, 2015. 02:21 PM | 2 Likes Like |Link to Comment
  • Prospect Capital And The Best Stocks For 2015 [View article]
    Well I hope the author is right, but who is ever 100% right in equities? I feel BDC stocks are a good place to be for now for me. For now I'm long PSEC, but that is subject to change at anytime!

    Stay frosty folks!

    sourdo
    Mar 25, 2015. 11:30 PM | Likes Like |Link to Comment
  • Powerful Steps For Goldman Sachs With BDC IPO [View article]
    I'm in for 100 shares!

    A little diversification with my earned dividend money! With the high pace of the markets these days I find the money earned by BDC's is in reality pretty good money. My little Roth IRA adds $400 a month to my earnings, tax free of course.

    Sourdo
    Mar 21, 2015. 11:16 AM | 1 Like Like |Link to Comment
  • Solar Capital Ltd: Jaw-Dropping Dividends, But Some Uncertainty Remains [View article]
    I didn't sell after the dividend cut and kept collecting divy's. Glad I didn't sell, my stock cost after this months dividend will be $18.94/share.

    In todays high flying stock market there isn't much room left on the top for stock picking. I like the steady income BDC's provide.

    sourdo and long SLRC
    Mar 16, 2015. 10:46 AM | Likes Like |Link to Comment
  • 5 Key Highlights From Prospect Capital's Quarterly Report [View article]
    Alex, wouldn't it be just great if stocks just went up and up and up and up forever and ever??? Sorry dude, ain't the way it works.

    I've been a DIY investor for 20 years, not that that makes me a brainiac or something! Far from it. But I do know this, markets rise and fall.

    2008 is long gone, back then you could use a dart with the Wall Street Journal and make money. Not so today, markets are on a high note and patience is required.

    Dropping the dividend (PSEC) is just plain smart business, and I want my money with smart people.

    sourdo
    long PSEC

    Feb 13, 2015. 08:30 AM | 10 Likes Like |Link to Comment
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