RAS goes ex-div July 10. It doesn't always happen (look at RSO in June), but stocks usually rise into ex-div as people buy the dividend. So here's the contest: project RAS closing price on Tuesday, July 9. Winner is whoever comes closest. In the case of a tie, the winner is the person who projected the price first. Contest closes to new entries at midnight on July 4 (Thursday).
Here's my entry: $8.66. Remember, it's all in fun.
Foulger is ALWAYS hyper-unrealistic about RAS in his predictions. And funny thing is, he claims he doesn't make short term predictions, yet he does, nearly daily with his mini-term price prediction contests and his regular proclaiming of dividend as percentage of share price.
And what should I conclude from that, nmgones, beyond the obvious: prices move around. On Friday RAS went as low as $7.25 before closing up at $7.60. In the first half of last week the price went as low as $7.52 before closing up at $7.61. The week before the price went as low as $7.06 before closing the week at $7.50. On the day that RAS announced the dividend the closing price was $7.23.
The price of stock only matters if you want to sell in the short term. RAS is down 1.84% today (as I write this). That's not a meaningful price drop at any level but one (at least relative to this contest: gogo moved back into the lead.
Contest closed to new entries at midnight last night (I didn't specify time zone, so any time zone was OK).
There are eleven entries. Right now gogo's $7.42 is in the lead, but we have two and a half trading days to go. Good luck to all.