trader--Your Friday prediction for $43 by end of today has been surpassed already.
I also was cautiously bullish and said we could see $45 by end of week. Looks like we weren't optimistic enough. Already traded about 2/3 of our usual volume in 1 1/2 hours. Upward and onward. What a relief to see us headed higher.
This could turn into a fairly big short squeeze by the end of the day if a lot of shorts start heading for the exits to avoid paying the distribution tomorrow. I just bought at 44.44 as a day trade, with stop at 44.21. I'm a cautious trader....I admit it....lol. Risk management is critical in this bizness.
Looks like a short-covering rally and some brave investors buying on the Credit Suisse recommendation. But I suspect the shorts will return tomorrow on the ex-div date and we'll see if EVEP can hold that $40 level again. I hope it does.