Please help a newbie! If I buy 10k shares now around $ 3.56, keep long enough to get the special dividend, and it resets to $ 2.56 (hypothetical), should I be fairly confident that it will rebound close to $ 2.94 when it was announced and at minimum I get .38/ share?
Whatever the closing price is on the 21st, if the world hasn't ended on the 20th as the Mayan calender predicts, it will drop $1 the day after. After that, it's anyone's guess, but be advised that this company is losing money hand over fist, and they just lost their best customer, ATT. The wild predictions here by the clueless are just that:wild. On the 22, the shorts will reload.
baked, I hate to disappoint you but the Mayan calendar doesn't predict the end of the world. Their long count calendar is resetting like ours does on Dec 31st. Why anyone would take advice from someone who can't spell " calendar" or use spell check or spreads lies about an ancient civilization is beyond me. However not all is lost, they have a word for a person like you and it is idiot. Also it's the 21st, geez can't even get the right date.
Thanks for the reply. There's so much pumper noise on here, can you clarify something. If the rec date is the 14th, I read to be "signed up for the cash" you have to own on the 12th. It's payable on 21. Will the price drop on the 14th or the 22? If it drops on the 22nd, why can't you take the cash and run on the 15th?