Thought a lot about yesterday's action in the middle of the night last night.. Friday evening lull, is a known ritual. That 500k that showed up at .014 and walked it down I see now was a short.. Good time to try it both technically and a Friday.
Then two bears out of the blue show up to wee wee on the stock with false statements.
Something pretty fishy...
So, my take is they did not do homework on the undervalued structure of FDIT. They looked at the two, technical and Friday and tried to break it down..
My plan of action, moving some cash from Fido over to ETrade on Monday.
I have only 650K that I'm holding but will attempt to raise that to 2M.
Shorts are a part of investing and I do it myself in the big market with put spreads. I think somebody did not think about the float here. 59M, subtract 11M and 5M ( known holders) and several more Million that are holders like myself, the float is 40M absolute tops.
Try to cover a short in this........Education always has a cost, in some form... This could hurt .
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