Dividend 15 Split Corp T.DFN

This Is A Slow Moving Train Wreck

[bull_runz]

Plus, the tax loss selling will be brutal up until the end of the year. This was a Dividend Trap that pulled in uneducated investors :(

[James12]

Fully agreed, just keep shorting for the short term, this thing will end up somewhere in the $2's. It goes down a minimum 3% every day.

[1condor]

rixpix...your low 3's is about to reveal itself. You going to follow through on buying a chunk?? or avoid the falling knife scenario and wait for the uptick.

[flamingogold]

The future is unknown. Buying in traches can be a falling knife and an uptick could be a headfake. There is no perfect strategy. I often defer to the VIX as a guide though. It's currently 20 and not overly high. A VIX over 35 is a nice level to cement a position but requires white knuckle buying. And, as in covid and the financial crises it has gone into the 80's before markets bottomed.

[1condor]

flamingogold...I doubt we will see the VIX over 35 this time around. We would need something to really break to get there...currently we already have a lot broken with a VIX of only around 20. Not saying it wont happen but not very likely. I expect a very good trade is going to materialize by month end..especially for the banking sector. I intend to be onboard (not just with DFN) when this occurs.

[flamingogold]

Tax loss season is approaching so that may provide an opportunity too

[mouserman]

Tax loss selling has only just begun. Lots of investors/ traders have absorbed considerable  losses in these split fund commons. Buy and Hold at the highs with big premiums , doesnt work with these highly leveraged shares. Many now are just beginning to find that out. Been in the preferreds for over 80% of my holdings for quite a  while now... i dont see the big upside bounces that

[rixpix]

There's still some ways to go but if/when it gets there, $3.11 is my buy price.  If I'm wrong and it continues to go down, (it won't be the first time) I'll just hold until it turns up.  And it WILL turn!