Consolidated Communications (CNSL)

[lightrock]

I started watching this one the other day

At first I figured I'd put a straddle at $5 because this is likely an over reaction. But then I saw how big the dividend that was cut is.

Then, I noticed 74% Institutional Ownership

So I think "There's no way those guys will let it fall below $5"

So then I think "There's no reason for those guys who were here for the dividend to continue to be here..." Those big retirement funds, etc.,

omg