Forum:HELP!!! Reficule The Fallen One vs. Skill Drain

Alright here is the problem I need help clearing up. I was dueling a friend of mine and he used an Anti-Heal deck. I happened to have a set Skill Drain while he had one Reficule the Fallen One on the field. It was my Main Phase 1 when the following chain happened.

Chain Link 1: He activated Gift Card.

Chain Link 2: Reficule the Fallen Ones' effect activates.

Chain Link 3: I use Skill Drain against Reficule.

Now I say that as a chain resolves backwards, my Skill Drain will negate his Reficule's at the chain link 3 and thus her activation at chain link 2 will resolve without effect. He counterd by saying that I missed my timing because Reficules effect is continuous and never "activates" (like how one can activate the effect of Stardust Dragon) and is applied upon the resolving of Gift Card. WHICH ONE OF US IS RIGHT?