Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

North American Financial 15 Split Corp. is a Canada-based mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount... see more

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North American Financial 15 Split Corp > Is the "Big Short" right again?

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Post by mouserman on Aug 15, 2023 10:30am

Is the "Big Short" right again?

NEW YORK, Aug 14 (Reuters) - Michael Burry, the money manager made famous in the book and film "The Big Short," held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday.

Burry's Scion Asset Management bought put options with a notional value of $739 million against the popular Invesco QQQ Trust ETF (QQQ.O) during the quarter, and separate put options with a notional value of $886 million against the SPDR S&P 500 ETF (SPY.P).

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Comment by Nakate on Aug 15, 2023 1:13pm

right by might, The con market is rigged

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Comment by mouserman on Aug 15, 2023 5:15pm

Appears MR. Burry had good timing once again.... immediate future does not look good , particularly for FFN . Could we see sub 3 $ for the commons? I think so.

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North American Financial 15 Split Corp