Post by
mouserman on Oct 03, 2023 9:40am
FTN getting punished again at the open.
Not sure why the sellers are dumping here , as FTN selling almost at NAV this morning.
Comment by
Inglewood on Oct 03, 2023 10:11am
For a paying split fund... very hard to see why the selling when we so close to the NAV.. maybe some longs who have a really dollar cost average and extremely bearish sentiment towards the portfolio... What I really worry about though is the back channel shenanigans. I wonder if there is something the insiders know that we do not. A consolidation coming? What can it be?
Comment by
navgod on Oct 03, 2023 10:23am
Just a guess but it could be holders that got hurt in ffn then dfn then dgs and moved to the safety of FTN decided they couldn't take anymore and bailed - that makes more sense that a nebulous "what are we missing" theory.
Comment by
jeanstk on Oct 03, 2023 10:25am
25% Yield this morning...
Comment by
bubba9 on Oct 03, 2023 11:22am
I held it for the div. Held it until I was guaranteed one more payout and sold. LOTS. I will own LOTS again some day. I love the holdings, just not now.
Comment by
mouserman on Oct 03, 2023 11:28am
Its just the FEd effect, higher for longer, and the treasury yields at 16year highs, which generally precedes a recession. Powell is laughing at the stock market losers, as if the plan was to cut down consumer spending, this is working terrific. It is not nice for those funds and private investors losing countless billions of $$. tho...