Re: Bunny cries manipulation
Here's your few rupees for a reply tonight. Get a full gruel bowl and carry on.
Millions and millions of shares have been created by the options MM in the last 3 weeks. That is fact. All one has to be able to do is read the many options trading sites, and do simple arithmetic. You apparently lack both abilities, as do some others here.
Whether LEND, who pays no dividend whatsoever, or NEW, who is widely expected to slash their dividend in the coming months, has traded down or up, is immaterial to whether NFI, with no bad news, a year's worth of TI due shareholders, growing originations, and the second lowest defaults in the sector, is being manipulated. I'll give you a quick hint: Longs selling didn't do over 6700 put contracts today, and didn't require around 650K shares sold to hedge those purchases. Big short buying those puts did it, and the MM did in fact have to naked short a boatload of shares to hedge. Those are pretty obvious, versus sector prattle.
As another poster pointed out, the last time NFI yielded this level was years ago, when the dividend was a sliver of today's. And the company has years more execution demonstrated, with a now massive and growing portfolio.
The fact that the SEC sits by while this goes on surprises me not a bit. The gloves are off, and it is obvious they are corrupt in the extreme. What makes me believe that the trading is a scam of some sort is in the atypical options activity, and the fact that it is going on for so long. I smell a handoff of the naked short position to a patsy. Time will tell if I'm right.
Because I've been so wrong about so many of the manipulative hijinks so far.
Carry on with the script. We are all buying it, and will dutifully sell all our shares tomorrow...