It should keep going up because the Ex.Div. Date is 9/7 so I think it will gap up until the Ex. Div date. We'll see after that. I believe we could get some short sellers out by Ex Date which means we could gap up quite a bit leading into divvy.
Do you know what a dividend is? Do you know how it works.
a. if your stock is valued at $10 and the divi is $0.40, you end up getting the $0.40 on the dividend date pay out and if the stock happens to be $10 on that date, the stock price - dividend = your new stock price.
b. the sponsors set it up so the dividend date you recieve it usually is the day when they drive or keep the price at the same level so your dividend can only has that amount of purchasing power.
c. if your company doesn't give you a discount for purchasing using the DRIP - Dividend Reinvestment Plan; dump her!! F them all. or at least for the love of god use the cash to set yourself up for another trade in a different stock rather then investing back into the same stock and increasing your eggs in that basket.
d. if anyone argues this point or method, note their name and easily ID them in the future as a DB; compile a list of such DB and do me a favor send it to me so I can add their names to the DB list. They might mis-informed persons trying to help you, but nonetheless at the end they gave you the same advice a DB would; hence they are a DB.
Goodluck, but you shouldn't need any if you are diligent when it comes to investigating thoroughly in what you invest.
Why would I put a stop on the stock? If I had done that, I would have lost everything. Averaging down works for me. I am in it for the divi. Being in black is a nice addition. I was happy to get a 10% div. Main reason I averaged down.