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Resource Capital Corp. Message Board

  • exdivy exdivy Mar 2, 2010 11:28 AM Flag


    A little churn going on today, as some people try to reposition themselves going into earnings.

    I managed to pick up some sub $6.40 shares this morning, but there are not enough people willing to short into a positive earnings report, with imminent dividend announcement (15 trading days away), or longs being stopped out to really get a bargain today.

    At 2:00, 3:00, and again at 3:30 Eastern, we should start to see some buying into today's earnings report.

    We should close at $6.50 or higher (we opened at $6.51)! Even at $6.50, we are getting a 15% dividend, with a year's visibility from the analyst at FBR - how cool is that?


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5.19+0.180(+3.59%)Dec 17 4:04 PMEST

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