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NorthStar Realty Finance Corp. Message Board

  • dar200 dar200 May 10, 2013 5:16 PM Flag

    Our 5/8 and 5/9 big sellers

    Look at today's Forms 4. I don't fault them for cashing in giveaway compensation shares. But when and how they did it really pi$$es me off.

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    • Have no opinion but wonder why you our so hot? Not much room between offerings for them to sell?

      • 1 Reply to mtwolfguy
      • 5/8 is the day before ex-div, a day many shorts want to cover to avoid the pay in lieu hit and here comes Tylis dumping 412,363 shares into volume of 2.8 million, dropping the price 20 cents and handing shorts an easy cover.
        Tylis sold every share he had. He got 399 by converting OP units then sold 412.

        5/9 is ex divi day, a day when many public shares sell, known as the ex-divi dump. Gilbert joins in dumping 452,426 into volume of 2.9 million, greatly adding to the 13 cent drop, imo.

        Instead of spreading it out and/or picking other days, the # 2 and 3 guys in the house first help the shorts and then add to the ex-divi dumpers. These two are largely responsible, imo, for the 33 cent drop in price over these two days. That's why I'm pi$$ed off.

13.03-0.06(-0.46%)Aug 24 4:02 PMEDT