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San Juan Basin Royalty Trust Message Board

  • edjones1053 edjones1053 Jan 28, 2004 8:38 PM Flag

    Reason for down

    SJT was ex-dividend, but price didn't
    reflect it, early in the day.

    At 2:15 when the fed made their announcement,
    the Dow dropped from +10 to -140's. SJT,
    buyers (and the market in general) disappeared.
    Anybody that had a market sell order probably
    sold shares to the SJT market maker who took
    advantage of the situation and drove the price
    down. The MM will be selling at $21.00 in a
    couple of days for a quick profit.
    Question-With the stock ex-div today, if you
    sold today, who gets the dividend-the seller
    or the buyer? If the seller gets it, what a
    great opportunity to sell at $20.60(or so)
    if you had guessed the market would tank on
    the fed news, and buy back tomorrow at $19.+
    You can only guess whether the buy the dip
    mentality or the 5-10% correction predicted
    by the pundits will continue.
    The concern I have is we went below the 50
    day MA.

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SJT
18.48-0.12(-0.65%)Jul 23 4:02 PMEDT

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