Dividend 15 Split Corp T.DFN

So glad I shorted

[James12]

This thing just goes down every day. Shorting til the $2's

[rixpix]

Good luck with that but it'll never get there. 

[James12]

Are you sure? It dropped from $7 to the $3's in no time.

[rixpix]

I'm as sure as can be that it'll never ever ever get to $2.  GL! 

[1condor]

This is getting really interesting. I am looking for a trade but not quite yet...but soon.

[navgod]

Most of that drop was the move from a ridiculous premium to a discount. I was short during that period now happy to long. GLTA 

[James12]

It's like catching a falling knife. I think we see it get to the $2's and then I'll go long as soon as it does.

[rixpix]

GL with that but I'm confident it'll never happen.. IMO, anyone shorting at these levels will lose money or break even. If it goes down to the low 3s I'll be buying a good chunk. 

[1condor]

rixpix...I am sitting on the sidelines watching this one...and do think you will get your chance to buy a chunk in the low 3's. I would also be in for a trade at that level.

[mouserman]

Market can only go up from here? I remeber saying short FFN at 4$ and everybody climbed on saying its a fools bet, because everything was going to bounce back . Here we are 4 months later and FFN struggling  to get back  over 3$. DFN heavily into CAD banks, and they are all down this morning... and the lifecos as well.  Not so sure the short isnt a good play ... no distributions to

[James12]

Exactly, I'm just going to keep shorting these for now. They are red every day until that reverses, it's time to short.