Putting in a bottom at $38 or is $36 around the corner?
The last 5 days have shown buyers coming in at $38 to $38.50 range so I think were going to hold at $38. There has still been selling on the open but just like clock work, buyers come in around 11am and the stock trade sideways the rest of the day. I am curious what happens after the divdend is paid. If we get more selling, we could test the 52 week low in the $36 range.
Why would that matter? You can buy a stock the day before the ex-div and sell on the div date and
still get the dividend as long as you can sell above your buy price if the price bounces back after the
ex div drop. I was looking at KFN and BKCC to buy the day before the ex div and sell but sometimes
it's tricky and it drops a lot after the ex-div and you're stuck for a while. AWK is good for daytrading
because it doesn't drop too much. Anyone know a low beta stock that moves 1 % a day but doesn't
drop more than 5% in a week?
I was thinking that if you were "thinking" of selling, wouldn't you have to wait until the dividend date to get your dividend? Is there a certain length of time that you must own a dividend yielding stock to get the dividend? I do not know the "rules of getting the dividend so if you could pass some knowledge along, that would be great. BTW, LO hit $39 in AH trading Friday so if we might gap up on Monday.