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  • Prospect Capital's Potential Financial Restatements: Explaining The Current Situation And Its Impacts - Part 1 [View article]
    MCGC is the exception for sure.
    May 10, 2014. 01:55 PM | Likes Like |Link to Comment
  • Prospect Capital's Potential Financial Restatements: Explaining The Current Situation And Its Impacts - Part 1 [View article]
    I have a suspicion that the management arrangement of PSEC has contributed to this situation. PSEC is externally managed, and for no good reason, and the arrangement appears to have provided an incentive, i.e. increased fees, for this type of investment. If PSEC had been internally managed, would the same incentives have existed as exist now? I suspect not, which is a reason to prefer those BDCs that are internally managed, and to avoid those BDCs that are externally managed for no good reason.

    As a group, internally managed BDCs have lower management fees than those that are externally managed. Lower expenses translates into less reaching for yield in the investment portfolio, which translates into better investment quality and thus more sustainable dividends without sacrificing investment income. I'll take HTGC over PSEC.
    May 10, 2014. 01:23 PM | 4 Likes Like |Link to Comment
  • Prospect Capital's Potential Financial Restatements: Explaining The Current Situation And Its Impacts - Part 1 [View article]
    I think you need a WF brokerage account to access it. That's what I have.
    May 10, 2014. 12:56 PM | Likes Like |Link to Comment
  • Prospect Capital's Potential Financial Restatements: Explaining The Current Situation And Its Impacts - Part 1 [View article]
    Scott,

    This is what you do in your leisure time? We all benefit, but really, you need to get a life. ;-)
    May 10, 2014. 11:28 AM | 10 Likes Like |Link to Comment
  • A Look At A New Dividend Investing Strategy [View article]
    The last time I used the SA app on my Surface, comments were not included. It has been a few months, so this may have changed, but I was so disappointed by this that I switched to using my browser exclusively.
    May 9, 2014. 07:19 PM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    Mike,

    Most unlikely. Best of luck. ;-)
    May 9, 2014. 02:47 AM | 1 Like Like |Link to Comment
  • Prospect Capital: Buy The Pullback In This Below Book Value Bargain With A 13% Yield [View article]
    There are some very interesting technicals for PSEC. See my comment here: http://seekingalpha.co...
    May 8, 2014. 07:20 PM | Likes Like |Link to Comment
  • Higher Vs. Lower Yield BDCs [View article]
    For those interested in technical analysis, there was some very significant action in PSEC today. Its OBV had a major downspike, RSI is 18.86, and there is multi year price support at ~10.

    With RSI under 20, this is a major short term buy signal.

    For longer term investment, I would like to see some OBV non-confirmations along with RSI non-confirmations, preferably 2 each. I like major non-confirmations to come in threes, but that rarely happens.

    This RSI action is similar to what happened to MO in early February. MO did not have nearly as large a volume climax as we see in PSEC, and there were no following non-confirmations, just a non-stop rise from 34 to 40. I think the difference in volume is telling us that PSEC has more downside work, with accumulation starting here.

    If I were interested in PSEC I would be willing to start a position here.
    May 8, 2014. 06:10 PM | 3 Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    PSEC's OBV shows a major downspike. RSI is 18.86. Multi year price support at ~10.

    With RSI under 20, this is a major short term buy signal.

    For longer term investment, I would like to see some OBV non-confirmations along with RSI non-confirmations, preferably 2 each. I like major non-confirmations to come in threes, but that rarely happens.

    This RSI action is similar to what happened to MO in early February. MO did not have nearly as large a volume climax as we see in PSEC, and there were no following non-confirmations, just a non-stop rise from 34 to 40. I think the difference in volume is telling us that PSEC has more downside work, with accumulation starting here.
    May 8, 2014. 06:03 PM | Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    There are many ways to skin a cat, and speculation can mean whatever it means to you. My speculative positions are all for high current income - MLPs, mREITs, BDCs. I don't have any capital gains speculations. I intend to hold my speculative positions for as long as they work, or in the case of the MLPs, for life.
    May 8, 2014. 12:06 AM | 3 Likes Like |Link to Comment
  • How Do You Manage Your 'Low Conviction' Positions? [View article]
    Bob,

    I think you could be taking a big risk by owning MLPs in a tax advantaged account. Hopefully you are aware of the potential for UBTI.

    Tax issues aside, I think you have two winners in BBEP and VNR. If you like their business, and are in it for the income, not capital gains, then keep them and ignore Mr Market.
    May 6, 2014. 11:55 AM | 2 Likes Like |Link to Comment
  • Linn Energy: Learn To Love 'Boring' [View article]
    "When did you join the "short team" or did you change your alias?"

    If you are referring to me, I am not short. Long LINE and LNCO.
    May 5, 2014. 07:36 PM | 1 Like Like |Link to Comment
  • BDC Pricing And The Russell Indices: Part 1 [View article]
    I have used RSI for decades and I do not see what they see.
    May 5, 2014. 07:33 PM | Likes Like |Link to Comment
  • A Look At A New Dividend Investing Strategy [View article]
    You can get 2x leverage without using margin. I suggest you spend time here before committing any money: http://bit.ly/1i0VuHg
    May 5, 2014. 06:56 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan: Is The Trans Mountain Pipeline Becoming The New Keystone? [View article]
    >short Network watching<

    The only commercial network watching I do is local news, and then only for the weather forecast. The rest is mostly sound bites. Ooops - forgot ESPN.
    May 5, 2014. 03:35 PM | Likes Like |Link to Comment
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