I don't think with an issuance of 15% company stock at a reduced NAV it will trade higher for awhile. Plus, voting divie paid in stock instead of cash makes this less desirable! You have to opt out of new DRIP!! I sold half today and will wait for divie on Monday to see if I get stock or cash. Stock I can add so online broker fee will only be once! LOL
I don't know but glad I unloaded half my position! Bought KMI with their dividend, down form highs and figure fossil fuels to pick up in price to support a higher dividend and stock price! IMHO
They are adding 11,000,000 more new shares for this purchase! CEO must need money in the company account and talked this group into investing!
They will always dip down to get those stop/sell shares. I see it all the time. MMs can short it down to pick them up and make lots of money. Not a fan of stops. can always sell myself, plus selling stops help shorters keep it going down. Once it stabilizes, it gets bought to cover and the up cycle starts. LOL
me too, and I took 1500 off table before earning and bought 6000 MITL before their morning earnings and they beat and up then down. Will be holding that one too. Did get 4x more shares. Still own SWIR but just my original 2500 buy at 16. Happy to have 2 companies in tech from Canada now.
Shorts jumped on this is my opinion for the rise and drastic drop. Two years from now we will be glad we didn't panic!!! Buying opportunity on these dips, I could replace my 1500 for 5K less. LOL
3)Talk will add GAAP figures, but record earnings will help me hold! This company will be 50-60 in a year
I just feel time to replenish what I sold at 10 earlier, lost a couple hundred bucks getting out, to wait for better entry. Feel if divie is cut more now may be built in. Down to 5 won't hurt long run and divie will help the wait!
just bought more. The divie is so good and even a cut doesn't scare me because they have room. Would prefer it stay as the last cut, hopefully was factured in! otherwise they coulda did it in one swoop last time. GLTA
I did opposite and sold 40% of SWIR and added 4x more shares of $9 MITL before both 5/7 qtrs announcement. Think both will do well on Thursday. MITL announces in morn! Good news? SWIR is after hours.