Post by
mouserman on Sep 07, 2023 10:18am
FTN has dropped 20% in a week since last day before exdiv
WOW not sure i have seen such an agressive sell off on split fund common in short time frame, since what used to happen after offerings... even those didnt get to 20%.
Comment by
mtloly on Sep 07, 2023 10:22am
Yeah ... what is going on?! I'm starting to fear that someone (or some people) know something we don't ...
Comment by
Stwatcher2 on Sep 07, 2023 10:32am
possible div reduction ? they can't continue or possible financing at a very low price ?
Comment by
navgod on Sep 07, 2023 10:44am
DFN dropped from 6.15 to 4.77 in the space of week Aug14-21 over 20% so second example in a month of excess premium collapse.
Comment by
JohnWalker on Sep 07, 2023 10:58am
LBS as well is taking a similar path these last few days.
Comment by
Eoj123 on Sep 07, 2023 11:04am
Maybe split shares march to their own beat regarding TA but my godness, with the RSI below 10, are you kidding me?? Under normal circumstances it would be a given that it's oversold, but wdik....
Comment by
mouserman on Sep 07, 2023 12:03pm
Ah yes, completely forgot about that DFN huge selloff as well. About time these big premiums were sawed off, and maybe that will slow down the ATM program selling thousands of shares at inflated prices. Shortsellers have a way of levelling things up on occasion. BK next to fall.. imho
Comment by
Golferman on Sep 07, 2023 5:00pm
Looking for a NAV update..... this sell off price is getting to a low premium now.