This is a routine practice for many and I have done it also. It works most of the time if you have the discipline to buy back in within about ten to twelve days. Once in a while it bites you in the but! I have had it happen both ways. Good luck to all trying it! Keep your powder dry!
I cant understand your thinking. You are going to sell at $5.29 and its going to open on Monday at $5.21. In order for you strategy to work CFP will have to drop 10 cents in 10 days so that you can start all over. I am keeping mine.
I am a little bit worry , if you look at the chart ,PPS jumped .20c. for two weeks
It is larger and faster increase then for last six month.
So, I expect that PPS coulg drop to 5.15, then march to 5.40.