will there be enogh post dividend buyers to pop it up or will the shorts win the day and drive it even lower?
Why would you buy after the dividend is paid? People weren't pushing this stock up prior to the div.
Well IBD had a buy point of 52.13 on 11/11/12. Some say it has a target of 65.00 on the high end. I'm thinking bloodbath today but you could find a good entry point here prior to earnings on 2/13/13. Firearms are still very popular.
I am guessing the drop will be much less. SWHC data later this week and other data look more positive.
The shorts get the bill. Enough said.
Who would buy today, when you can get it tomorrow for 54 bucks and lower your cost basis?
Its most likely shorts who waited to the last second covering their butts so they don't have to pay out the div..
No one said anything about buiying today?? I am wondering if I should buy more tomorrow by letting my dividend drip or should I just keep the cash a look fo a lower entry.
Your cost basis is lowered as well by $4.5. You will be taxed on the 4.5 dividend.
All buying today gets you is a tax bill.