Should Open Monday Below $2.35 average of its market closes
1. Dividend has been paid.
2. But beware, this company stock could melt down to $1.70 based on the artificial move higher from $2.70 to $3.35 on the special dividend news back in November.
The fact remains, the revenue has been declining. And management is failing.
Markets tend to reprice according to its previous path. And in this case, the closing price of TLAB stock before the special dividend announcement was $2.70.
Now that a return of capital of $1 has been paid, the stock price should restore back to its natural state of $2.70 minus $1 special dividend or $1.70.
If the move down were to continue, and the charts did look like the stock was heading towards $2.40, (now less the $1.00 special dividend), my belief is the stock support is between $1.40 and $1.50.
Paying any price above $1.70 on Monday and thereafter would label you as an official Sucker!
Don't fall for the Special Dividend scam!
Remember, $1 a share in special dividend has been paid.