RE:RE:RE:RE:Price volatilityI have taken the opportunity to buy ftn here,today. There is a pattern to stock reaction to Quadra when they do an offering and although the offering was significantly closer to market price than usual the reaction seems to be there.Check charts of there other products when offers were announced. Expect price of FTN to creep back up over the next month if financials are flat to positive. Don't know why any retail invester would exercise rights at these market prices.Will buy preferred if it hits $10.00 or less.It should be back to $10.10 with in a month plus a div.. Both are short term trades for me as fundamentlly do not like them although I have held some FTN for over a year. As long as NAV is above $15.00 there should be no concern of Div. cut.
Regards Rainham