RE:Never fall in love with a stock...flamingogold wrote: This is often stated... but I also live by the fact to never completely hate a stock either.
Yesterday was a day to start loving DFN again because it was very, very close to the threshold of paying and markets were solidly in the green. That was the moment to open our hearts and our wallets again.
I've stated it often, the fund managers want this to pay out. It's Quadravest's "star" fund and main competition to Brompton's DGS. The time will come again when the premium gets too high as the threshold to payout nears. But, today is not that day to hate.
They want to pay out and like most executives hate to see their stock shorted. Delaying the announcement and then paying even though they published the NAV on April 15 and indicated no payment, is definitely a means to discourage short selling. The heavier than normal volumes of the last few days suggests a lot of short covering. Personally I'm long, hold it for the dividend and only wish that I had bought more last week.