Secondary brings the price down for me. I deserve this! I have to set my alarm to make sure I'm up in the morning as it opens at the low for the day and inches upward.
Me thinks you all have been watching Cramer too much. It just recently hit a 52-week high and now you want in?
although trading price is over book value, maybe it is time to move up( book-value & all time high) Business seems to be good & getting better.
If you look at the pattern with most secondaries, the price opens lower and goes down. So I'd suggest waiting til tomorrow to buy, or at least the afternoon.
That is EXACTLY my situation as well. I was planning to buy a 1/3 position today and 1/3 position before ex-div this quarter. This turned out to be very fortunate for the both of us.
475 @ 21.14 at 9:46 approx. Just $10K
8 cents off the low of the day (so far) Good luck to all longs