OTCPK:NNDIF - Post by User
Comment by
Bigbird999on Nov 08, 2016 1:17pm
179 Views
Post# 25437459
RE:A couple of things
RE:A couple of thingstbnorthstar wrote: First off, I was a little surprised by the size of the short position on NIF.UN. As of Oct. 31st it was 448,352 units. For a sleepy little income fund this strikes me as a big number.
Probably shorted on the expectation that the stock would drop like it does before most quarterly reports. BUT I bet they cr*pped their pants when it opened at $2.75 last Thursday.....
To me this could be a VERY dangerous stock to Short.. Thinly traded shorers could get caught in a short squeeze. SP could easily double on positive language when Q3 report issues on Friday. The odds of it going down from where it is now are very low.......
BB