RE:RE:RE:RE:Is it time to enter?mouserman wrote: Ever heard of catching a falling knife? I mean it probably isnt as bad for longs who have an average buy of around 5$, but cant be that many of them. Maybe during the pandemic some loaded up.. BUT the ATM machine was selling millions of shares at elevated premiums at times reaching over 40% a few short months ago ...just recently. Those people will need a lot of distributions and capital gains to to get back to being even. Never mind being real profitable. I prefer to sit on preferreds and cash, and not hold dead money. There will be a time to get back in the split fund commons, but i dont think 2023 will be the time. JMHO
Started buying this week with an average of 4 so far. Will add to position if I can find an attactive short to offset risk. The combination of discount (including that of the pref) and the fact the ATM machine is offline make this a good buy if you are positive or neutral on the market. Given my long held opinion that capital splitshare yield is a red herring DFN is safer than FTN and especially BK where the premium is still substantial and the ATM still spinning. GLTA