Finally found shares to short at 7.85.
Am I missing something here?.I aggree that this is worth around $3.5.Will wait.
What you missed is the trade in the first place. Don't chase trades after their big move.
you paid 30% finders fee and its going up at least another 10% before ex div date... ?
Sentiment: Strong Buy
that will be 2.5 % per month plus 0.45 div.In a month it will drop more than 20% so I win.still no brainer.
The problem is that people will buy this up to $9 and then your broker calls you and says they are buying you in for a healthy loss. Shorting overvalued trusts for the long term is not an easy thing to do.
exactly - this might be a good short 18 months from now but definitely not now