The MM is having flashbacks to the early months of 2009. With earnings and SH meeting tomorrow - and I'm expecting good news and a dividend increase - KFN could easily see a 10% increase in the next few days. Then again, it could get caught up in a waffling market and take a bit longer to hit the mid-9s. I agree the shorts are getting excited now but they'll be squeezed hard soon. Maybe that's when we finally break 10.
well as one when I read about Portugal yesterday took my holdings in kfn, tie, and chk,sold and shorted got kfn w 10k shares at 8.92 and bailed about 20 min ago when I bought back in. did the same for tie and chk and made a few extra bucks for the risk. KFN rocks but sometimes a quick day trade like that works. Agree with you sham that the squeeze will occur.
Do you really think shorts have made much lately? There's no one who can time the market on a day to day basis. Shorts have lost a ton in the last 12 months...yesterday was a reverse dead cat bounce to entice new shorts into the market so tehy can get squeezed.
Love the MM action today..he always takes advantage of KFN in a low volume phase. Right before earnings too...bold!