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abrdn Income Credit Strategies Fund V.ACP


Primary Symbol: ACP

abrdn Income Credit Strategies Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. The Fund seeks to achieve its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments) of issuers that operate in a variety of industries and geographic regions. The Fund’s investment manager is abrdn Investments Limited.


NYSE:ACP - Post by User

Comment by ytriguyon Jun 21, 2021 7:25pm
193 Views
Post# 33424949

RE:RE:I WOULDN'T BE TOO CONCERNED

RE:RE:I WOULDN'T BE TOO CONCERNED Maybe you missed it, but when the FEDS mentioned inflation it sent the markets and gold prices into a tailspin. Over $1000 per ounce drop in gold price and all gold miners were impacted. So you're right, it wasn't just the drill results.

If you buy at the current price you could  bring your average investment down considerably. It's what I did.

Why would anyone say IT'S OVER when Arc is still drilling? No miner gets great results every drill hole and no stock goes up every day. If they hit a seam this stock will go up faster than it came down. Also, less than a million shares traded today. All it takes is 5 or 6 skittish investors, and penny stocks are full of them.

The drop in Stock Price does nothing to change the fundamentals. So I sure wouldn't be selling at a loss at this point.
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