Reason for this mornings spike as shares were acquired for div reinvestment? Not sure that would have accounted for the move up this am, just hope my shares weren't reinvested at the days high again.
Reinvested divys are averaged out from the high to low stock price.
do you get to buy the shares for free on the auto reinvest?
Ameritrade always buys my shares at the days high, the day after the div gets paid!!! Really irritating
So why don't you get off the automatic reinvestment cycle - have the cash paid into your account - and buy when you think it's to your best advantage?? That's what I do....