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sourdo

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  • Prospect Capital And The Cat And Mouse Game [View article]
    this is getting to the point where Seeking Alpha articles are starting to give me a sour taste. endless articles of crap, confusion, contradiction, bla, bla, bla, not that all are bad but the sheer volume, well I don't have time to vette all this stuff out.

    Seriously thinking of leaving this site.

    The editors need to do a better job of screening out articles. like this one....

    long psec

    sourdo
    Dec 24, 2014. 10:58 AM | 6 Likes Like |Link to Comment
  • Prospect Capital: Will Investors Calm Down Now? [View article]
    @Javelina- You pretty much said what I was going to say. I've been in the market for a long time and at 59 1/2 YO I'm not prone to "panic selling". In fact I bought 500 more PSEC @ 8.32 and I'm sitting pat.

    I raised this point before in another article, there are way too many articles about PSEC for this guy to read, it can be confusing and confused people tend to move on to something easier to follow. All the charts of this and that, if I tried to read it all my eyes would start bleeding!

    Selling your positions for a loss for tax benefits is something I don't have to deal with anymore thank you Mr Roth. I have no reason to sell and dividend cut or not, I'd rather be with a team that has the stones to cut the dividend when it's needed. Anyone who whines and cries about that, even after the cut, getting 12% on their money and complaining is just plain bonkers, let alone sell for a loss. I like the special dividend to, add's some flexibility to management.

    As for insider buying and it doesn't matter or its some kind of trick???? Yea right.

    I own 2000 shares of SLRC and have for a while, since 2012. Their share price is a bit in the toilet also along with other BCD's. SLRC cut their dividend a while back but I still held. My buy price average per share is $21.60/share. However when I include all of the dividends, plus the one I'll get Jan 1, it comes out to about $19.30/share. So with todays price of $18.03 at the moment it's not so bad. In a couple of years I'll have $16.54 into SLRC (of course providing the divy holds course).

    Dividend stocks are not for trading but to buy and hold. If you're a short term trader kind of guy you're in the wrong securities.

    This gloom and doom about BCD's is affecting the whole industry, it will pass, the patient ones will profit.

    I'm not worried and ten will get you twenty that next year all this will be long forgotten....

    Oh btw, I liked the article, to the point without all the technical mumbo jumbo and I agree with the authors POV!

    Merry Christmas and a profitable New Year!
    sourdo
    Dec 22, 2014. 03:02 PM | 3 Likes Like |Link to Comment
  • Prospect Capital: Implications Of Below NAV Issuance [View article]
    lol, confusion reign's this morning!!

    I am still amazed that people would sell, probably at a loss, just because the divy "won't" be 14+%???? That's just dumb panic and I took advantage of that.

    LIke the master says; "be greedy when others are fearful, be fearful when others are greedy" or something like that....

    sourdo
    Dec 8, 2014. 11:24 AM | 2 Likes Like |Link to Comment
  • Prospect Capital suspends ATM stock issuance program as dividend is cut [View news story]
    I like it, bought 500 more....

    sourdo
    Dec 8, 2014. 11:17 AM | Likes Like |Link to Comment
  • Prospect Capital: Implications Of Below NAV Issuance [View article]
    Wow, evan @ 10% and people are running to the hills??? I backed up the truck and bought some more @ 8.32!!! I mean come on, 10 % for your money is still a pretty friggin good deal!!!!!!

    long psec

    sourdo
    Dec 8, 2014. 11:08 AM | 2 Likes Like |Link to Comment
  • Prospect Capital: Implications Of Below NAV Issuance [View article]
    Somewhat off topic, but here goes.

    The sheer volume of articles, for and against psec, is enough to make a guy sell. Over information to where to read everything takes a lot of time in a day. Too much time involved to hear everyones opinion.

    Last year I owned SIRI, bought 'em for a buck a share. It was about early Jan last year when Liberty Media came up with some kind of "spin off", share swap, mumbo jumbo, more confusion as to what it really meant, ton's and ton's of articles that I could not keep up with. Lucky for me SIRI popped on that announcement to $3.81, I sold my shares and THAT stock hasn't even come close to where I sold in the last year.

    TMI, Too much information, redundant information, ie, this article. In fairness I only glanced over it as I've already heard the argument about the issuance of shares below NAV and I don't need to reread the same-o-same-o.

    I've been reading SA for a while now, but every morning I get this email with all the articles, this guy can't read everything and still have a life!

    My main point is this, with the volume of articles about a particular stock is to the point that confusion starts to reign and confusion leads to fear and fear leads to selling.

    I have the notion that PSEC is slightly oversold. Even with a small drop of the dividends, I'm not selling.

    I do have a question. While bank stocks popped Friday (Dec 5) with the news of a possible rate hike, how would a rate hike affect PSEC's business???

    Well no one ever told me being a stock market investor would be easy, sigh...

    I have 1000 shares of PSEC, going long and sitting tight.

    sourdo
    Dec 7, 2014. 12:21 PM | 1 Like Like |Link to Comment
  • Prospect Capital's Challenges And Opportunities [View article]
    Bravo for a great article about BCD's and the history behind them. And I am one of the masses that have a hard time understanding the nuts and bolts of these companies.

    I am retired now and would like to earn some extra cash from dividends without draining my principle in my roth, weather to reinvest or buy something.

    Being an investor these days is difficult, so many conflicting views on a stock, one must always be on their toes! So many articles about BCD's ( and other stocks) that, sometimes, it's difficult to separate the wheat from the chaff.

    Long PSEC, SLRC, C

    sourdo
    Nov 18, 2014. 11:50 AM | 1 Like Like |Link to Comment
  • 5 Reasons To Avoid Solar Capital [View article]
    My, my, one more dividend from SLRC @todays price, well, er, guess I'll be even Steven. The share price decline has me somewhat worried and disappointed. For now I'll hold my 2000 shares and watch, very carefully!

    Thanks for the article, I appreciate it.

    Sourdo
    Nov 11, 2014. 11:32 AM | Likes Like |Link to Comment
  • You Might Be A High Yield Sucker If... [View article]
    I can think of a few "non-reit" stocks that fit that description! You don't play this game and always "win"...

    Keep due diligence on your money.

    sourdo
    Sep 22, 2014. 10:47 AM | 1 Like Like |Link to Comment
  • Prospect Capital Corp.'s Dividend And Net Asset Value Sustainability Analysis (Post-Fiscal Q4 2014 Earnings) - Part 1 [View article]
    So I ask, even with a 10% cut on PSEC's Div, does that make it a sell? Lots of info in your article to digest.

    in for a grand

    sourdo
    Sep 18, 2014. 09:04 PM | 3 Likes Like |Link to Comment
  • Citigroup: The Cheapest U.S. Bank To Buy [View article]
    City, hard to hold this stock. In the last two years I've bought and sold C 12 times, not to be some kind of trader but simply drawing a line in the sand and putting a stop/loss sell order. It goes up, then drops and sells itself.

    IF I would have held and not sold I'd be out a few grand in profits, so no complaints there. However I get discouraged when I hear how "cheap" C is bla, bla, bla, and I can't get this stock off of the launch pad. And who do you believe?

    Back in at $47.22 and see where it goes, round and round it goes, where it stops, nobody knows.....

    cheers
    sourdo
    Jul 3, 2014. 09:50 AM | Likes Like |Link to Comment
  • Tax Sale Bargain: NetSol Technologies [View article]
    Ouch! Now what, do I hold? Sell at a loss and move on??

    I hate it when this happens but it's my own damn fault for ignoring my #1 rule, Preserve Capital,,,,

    long NTWK and in the hole on this one.

    sourdo
    May 8, 2014. 02:16 PM | Likes Like |Link to Comment
  • First Quarter Weakness Exposed At Sirius [View article]
    @Spencer

    "There is an (sc) air of uncertainty surrounding this stock."

    Probably the best description I've heard about SIRI. It was the uncertainty of the buyout offer that compelled me to take my profits and man I'm lucky I sold for $3.83, I feel fortunate.

    @ $3 a share I'm ready to come play again, but then you read this stuff and waffle around....not saying the article is good or bad...

    ...or I should just follow my guts and stay 1/3 cash for now. SIRI isn't the only stock waffling up and down. A decidedly sideways market lately.

    standing by..

    sourdo
    Apr 29, 2014. 01:48 PM | 2 Likes Like |Link to Comment
  • What Is 'Quality' In A Stock? [View article]
    I got a text the other day from a friends son, he is in his 30's, a good time to start investing/trading.

    In his text was "...learn how to day trade..." I got the distinct impression this young man had no idea what the term "day trader" ment, "the buying and selling of stocks within a single day."

    I tried that once years ago, glued to your seat all morning (Alaska it's market open @5:30 am have yur coffee on!), it never worked out for me and the taxes(wash sales, thanks GainsKeeper!) were a major pita!

    I haven't caught up to him yet by voice, but I have a message, investing in stocks takes a lot of work!!!

    I see your list as a good start for any young person to get that IRA rolling but to stay on the safe side till you can learn the "ropes".

    In these times it's hard to find a good entry point on stocks. In keeping with my theory of "capital preservation" I often get chased out of a position I buy because I have tight stop/loss sell orders. Does this make me a trader vs "buy and hold"?

    Perhaps. But then labels are easy to throw around when it isn't your money!

    Good article, thanks

    sourdo
    Apr 27, 2014. 11:01 AM | 1 Like Like |Link to Comment
  • Tax Sale Bargain: NetSol Technologies [View article]
    I have 3000 NTWK myself, this stock is thinly traded, not much volume. Look at the book orders, man this stock could swing all over the place. I'm a bit in the red myself but will hold on.

    As the saying goes, "No news is good news!"

    I smell a pop coming.

    sourdo
    Apr 24, 2014. 10:27 AM | Likes Like |Link to Comment
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