Bullboard - Stock Discussion Forum Financial 15 Split Corp T.FTN

Alternate Symbol(s): FNNCF | T.FTN.PR.A

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred Shares with cumulative preferential monthly cash dividends in an amount of over 6.75... see more

Add To Watchlist

TSX:FTN - Post Discussion

Financial 15 Split Corp > Next trade a short?

View:

Post by navgod on Dec 09, 2020 9:48am

Next trade a short?

Found another 5K to sell at $4.45. If this keeps running I will have to short this again. Can't tell if poeple are just really horny about the divdend or don't understand what the conversion means. GLTA

236

Comment

Comment by Ahlavanthan on Dec 09, 2020 10:05am

Do you plan to cover your short before the consolidation ? Trying to buy up a large art of FTN isn't easy unless you sit and watch all day for large bids. I've experience upto $0.20 increase trying to fill my orders, just having to chase the ask.

167

Comment

Comment by navgod on Dec 09, 2020 10:20am

Not short yet. Very high volume last couple of days so liquidity not a problem.What is your reason for buy at this level?

157

Comment

Comment by Ahlavanthan on Dec 09, 2020 10:44am

I bought more due to the sudden momentum only and to average down . Had shrs previously at 4.61 and really not smart enough to foresee the outcome of this consolidation. My fault for not buying in the $2's but did pickup some DFN/LBS for the long haul. Majority of my funds are trapped in a failed stockhouse pump ( PYR ) .

179

Comment