I luv it when some phony company down grades a company just before ex-dividend, sells a few shares, and everybody panics and sells. Can you say manipulation. It never ends and we just keep falling for it. I am sure several stops got taken out and margin players got hurt. Oh well!
I agree with you. I read up on how this phony company did the downgrade. This company picked a 8% yield and said that companies doing what TCAP does should have 8% max yield and they come up with a price target. This is completely fake. A company's dividend is based on earnings and cash flow.