I dunno-------- maybe a delayed rxn to the dilution ??
I think the money raised will be a positive and the dilution of earnings in the short run will not hurt the company.
I will watch tomorrow and if it continues I will be a buyer.
I looked up on investopedia why stocks drop on secondary offerings,
I just happened to see CWT going by on the CNBC ticker and looked it up. I bought FDX
yesterday but that was a mistake. I sold it for a loss and bought CWT at 19.20 and made
almost 2 Gs.and sold . I bought DOW on the drop but i'll see tomorrow if it goes back up.