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After it pays the special dividend,it will probably drop $32.I wouldn't touch it,way too low float easily manipulated and no options.
well thats what I was thinking. my wife called and asked if she should buy some, I was thinking once it paid, your at break even and its not something I want to hold on to.
I think that 32 is already baked into PPS,if it wasn't,why isn't the stock running up $32 after the announcement?If I thought PPS would hold after EX date,I would buy all that I could.Low float stocks like this are too risky IMO.