No, we've been hovering between $29 and $30 for a month.
This is not due to anything with the fundamentals. This has to do with the fact that there is a liquidity discount built in for the fact that the stock will have a lot of selling if/when a dividend cut is announced.
Exelon's nuclear reactors produce cheaper electricity than the natural gas plants, and they enjoy more conservative financing. So EXC will be the last generator on the PJM grid to go bankrupt.
Me? I got out at $32; I'm waiting for a short dip to $25 to buy.
Any other year I would wait and give it some more time (approx. 6 months). But with the tax situation this year; I rather take the tax loss and sell it.A small bonus to myself combined with my other losses. Only other thing I see is doing a wash sale..and with the government or in this case non-government scenario; you can't plan either way.The Constellation acquire..no synergy at all. They blew it.