Bullboard - Stock Discussion Forum Dri Healthcare Trust T.DHT.UN

Alternate Symbol(s): DHTRF

Healthcare Biotechnology

DRI Healthcare Trust is an open-ended trust that provides unitholders with differentiated exposure to the anticipated growth in the global pharmaceuticals and biotechnology markets. Its business model is focused on managing and growing a diversified portfolio of pharmaceutical royalties to deliver attractive growth in cash royalty receipts over the long term. Geographically, it has a presence... see more

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TSX:DHT.UN - Post Discussion

Dri Healthcare Trust > Buyers and Sellers

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Post by SONOFFERGUS on Jul 18, 2024 7:22pm

Buyers and Sellers

FWIW, Morgan Stanley has been a consistent buyer this week and continued to buy to at $12 into the close today. UBS and ML were buying earlier this week but not so much today. I view smart and big money buying is a bullish sign.

I think shorts (trading anonymously on TSX and through ATS) have been trying very hard to push the price down and MS is showing them that there gambit is destined to fail.

Tomorrow will be very interesting IMHO -- someone is going to blink, and my bet is that the shorts will capitulate.

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Comment by SONOFFERGUS on Jul 19, 2024 8:04pm

Well, not sure if shorts broke today but lots of buying pressure led to a nice run-up. I note that the NCIB allows DHT to buy up to 14,784 units per day (and believe that it can also buy off the TSX without restriction). I have to imagine that management will want to boost the price as much as possible before the Q2 call on August 7th. Trading volume has settled after the CEO news ...more

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Comment by BlueJay2020 on Jul 19, 2024 9:44pm

I continue to nibble at these levels. But still own only 650 shares. If I can free up more cash I will add quite a bit more.

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Comment by SONOFFERGUS on Jul 19, 2024 10:50pm

Hi BlueJay2020. I assume you are a fellow Canuck. I use a portion of my TFSA space for investments that I think have the potential for quick gains with limited downside. They don't come around often ofc -- no deduction for losses and capital replenishment restricted. I have to be as sure as I can be! This is one I put in. DHT's assets are intact and worth way more ...more

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Comment by BlueJay2020 on Jul 21, 2024 6:27pm

Yep, I am Canadian! Holding this in my RRSP as that was where I had some dry powder. If this mattee is confined to expenses, we will see a major snapback in pretty short order. $15 eminently achievable but I need to add more to make this flip sufficiently lucrative to be worth the while!

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Comment by retiredcf on Jul 22, 2024 9:50am

It looks like the turn is happening. Large bids are stepping in and there's now only 3800 shares (8 levels) available for sale at all. GLTA

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Comment by raybay_98 on Jul 22, 2024 5:02pm

You forgot to clarify, "It looks like the DOWN turn is happening". jmho

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Comment by BlueJay2020 on Jul 22, 2024 11:29pm

Just like you forgot to turn up these last few days as the stock was green. I love green days for this stock - not only do I make money I don't have to read your drivel.

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Dri Healthcare Trust