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re: $DXYZ - like $VCX with a larger float

Posted on 5/27/26 at 8:36 am to
Posted by deltaland
Member since Mar 2011
102872 posts
Posted on 5/27/26 at 8:36 am to
This stock has turned to garbage
Posted by supadave3
Houston, TX
Member since Dec 2005
32189 posts
Posted on 5/27/26 at 8:54 am to
quote:

This stock has turned to garbage


Why Would all the companies in the fund be doing well but the fund is losing value?
This post was edited on 5/27/26 at 9:59 am
Posted by supadave3
Houston, TX
Member since Dec 2005
32189 posts
Posted on 5/27/26 at 1:17 pm to
quote:

wtf just happened this thing just bombed


Can anyone explain what’s going on here? Back to back 10% loss days while the market is running hot.

What am I not understanding? Profit taking?
Posted by whodatigahbait
Uptown
Member since Oct 2007
1856 posts
Posted on 5/27/26 at 1:38 pm to
quote:

wtf just happened this thing just bombed


Can anyone explain what’s going on here? Back to back 10% loss days while the market is running hot.

What am I not understanding? Profit taking?


It's stupidly overvalued
Posted by whodatigahbait
Uptown
Member since Oct 2007
1856 posts
Posted on 5/27/26 at 1:48 pm to
quote:

quote:
This stock has turned to garbage


Why Would all the companies in the fund be doing well but the fund is losing value?


Because the stock price is trading a huge premium to NAV.
Posted by Odinson
Asgard
Member since Apr 2014
2870 posts
Posted on 5/27/26 at 3:23 pm to
Dilution
Posted by whodatigahbait
Uptown
Member since Oct 2007
1856 posts
Posted on 5/27/26 at 4:12 pm to
quote:

$DXYZ - like $VCX with a larger float
Odinson
Dilution


It's a CEF they can't issue stock below NAV. Issuing stock is not dilutive, it's actually accretive.
Posted by deltaland
Member since Mar 2011
102872 posts
Posted on 5/27/26 at 6:28 pm to
I should have sold it all at 72

Maybe it’ll have one more run up near SpaceX IPO day
Posted by whodatigahbait
Uptown
Member since Oct 2007
1856 posts
Posted on 5/27/26 at 7:15 pm to
quote:

I should have sold it all at 72

Maybe it’ll have one more run up near SpaceX IPO day


It very well might, but this stock is meant to be traded. It's basically a meme stock that is trading completely uncoupled from the underlying fundamentals.

For example, SpaceX is ~16% of the book as of year end. Simple math says SpaceX needs to go up 6x in order to justify the current premium (the rest of the portfolio being equal).

Obviously that isn't happening any time soon.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33564 posts
Posted on 5/27/26 at 7:51 pm to
Below $50 I’m out til it cools down to NAV. Until it goes below $50 it still has a chance to cup and handle here. Would have liked to see it hold $56 though
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