RE:RE:Short positionIn my opinion, DFN is the least attractive of the splits given its large premium compared to others which trade at a discount. If the financials get back to their old highs, this should perform extremely well and a larger premium is possible given its history. We just need to be aware that the risks are also definitely greater.
Also, keep in mind that management still has their at-the-market selling program which they only execute when the units trade at a sufficient premium. The splits trading at a discount do not have to worry about this.
There are very good reasons for the large short position, although at this point in time, it's actually helping to propel the price higher.
These are my observations only, and I am making no prognostication as to how things will eventually play out. I have been wrong many times before and am no better at timing the market than anyone else.
itsthehitman wrote: Thanks for your positive spin on dfn....8 years in and holding to see what the next 6 months will bring....would like to see 7 dollars again...glta longs