You have to be kidding.( "Actually, I believe they will do what is best for the country... and the economy.") The fed is a private corporation owned by Big Banks, they will do what's best for the stockholders. Imagine if the FDA was a private company owned by the big drug companies, or the EPA was a private company owned by big oil. The fed looks out for number one, the fed.
I understand what you are saying and agree with much of it. However, those that looked to make money as the stock price moved down also look to lock in those profits, and must cover to do so. Those who were not short and just wanted a lower entry point have gotten it. The price had plunged to the point that it is not an attractive short at this time. Add in the company buy back and pending $0.14 divy announcement and it seems to me that more money is to be made betting on the upside rather then the downside. At over a 19% annual return at this price, looks like a buy to me.
The price fell from $11.34 to $8.34 in two days, July 11th and 12th, so my point is that their is little resistance back to the $11 level when looking at the chart. JMO
Not much resistance from this level to $11. Not saying it will move fast once $9 is taken out, but I am saying not much to hold it back. Shorts are covering and will run for the hills when $0.14 divy is announced. JMO
Looks like the BOD is not in the habit of knee jerk month to month dividend changes. The original $0.135 held for nine months followed by and increase to $0.18 that was paid for 19 month. In my opinion, the $0.14 will hold til the end of of the year and we may even get a special dividend at year end.
The fed can raise short term rates, but long term rates may or may not rise. A flattening or inverted yield curve can kill mriets. MORL also has a liquidation clause and in the event of a large panic market sell off, MORL may not be around for a rebound. JMO
Perhaps your order was placed with a restriction of "all or None" meaning you would not allow just a portion of your order to fill. If that was the case, a lower bid might show up ahead of yours. jmo