Well, it was discouraging that we did not close above the 3rd resistance level but then again, when there is over 200k sold on the close, there was not a chance to close above it. However, it is still really close to it so I am going to take today as a win because without that big block trade on the close, we would have finished above the final resistance level. The past 6 sessions have had some nice buy side moves so I would expect a sideways trade and consolidation between $38.50 and $39 until about a 10 days before earnings and then you will see a push to $40. Take a look at the $40 Calls for June.
I'm really surprised it didn't hit 39.00 or more today!!! Good thing i sold and made about 500. Otherwise i'd
be down a few hundred now. I bought BKCC today when it dropped to 10.24 and sold for a G and bought
back. The ex div date is 3/15 and the yield is 10%. I have to decide if i'll buy the day before the ex div date.
Great div but i don't want to be stuck for a few days.