Apollo Investment Co. (AINV) has turned south, broke below both the 200 and 50 DMA's in one day. The chart does not look so good.
Holding on to a 5.2% return in less than 4 months, I am ready to let go. Time to sell, this morning trading at about 16.40 down a fraction, new signs of weakness.
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Showing posts with label AINV. Show all posts
Showing posts with label AINV. Show all posts
Wednesday, June 18, 2008
Friday, February 29, 2008
An Eye on AINV
Apollo Investment Corporation (AINV) could, in the near future, survive and make a turn-around despite the present financial crisis.
AINV focus on investing in the following industries: business services, cable television, chemicals, consumer products, direct marketing, distribution, energy and utilities, financial services, healthcare, manufacturing, media, publishing, retail and transportation.
The positives are: price holding just above the 50 day moving average (dma), trades over 1.3 million shares/day, sells at a 35% discount from its 52 week high, insider buying, yields 12.9% dividends, P/E at 7 and a chart that shows a possible bottom.
The negatives are: financials continuing in a decline and/or a break below the 50 dma.
AINV is selling at about 15.61 and is worth keeping an eye on.
AINV focus on investing in the following industries: business services, cable television, chemicals, consumer products, direct marketing, distribution, energy and utilities, financial services, healthcare, manufacturing, media, publishing, retail and transportation.
The positives are: price holding just above the 50 day moving average (dma), trades over 1.3 million shares/day, sells at a 35% discount from its 52 week high, insider buying, yields 12.9% dividends, P/E at 7 and a chart that shows a possible bottom.
The negatives are: financials continuing in a decline and/or a break below the 50 dma.
AINV is selling at about 15.61 and is worth keeping an eye on.
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