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Replies to #28673 on lowtrade

lowtrade

02/18/12 2:53 PM

#28674 RE: Nebuchadnezzar #28673

Your looking at a stock which should be left up to the pros. It's a dividend capture play only. IMO

Basically an institutional income stock. And the day they announced the uncut dividend, with large negative earnings, the shorts doubled down. Gapping it for new divided capture trading.

Institutional hold 98% and shorts 31%. IMO not a retail play.

Ex dividend date Feb 28 / Record date Mar 1. IMO short hedge will cover to 7.20 area by Feb 28. Mar 2 the stock will fall 1.2% on dividend paid alone and possibably continue to, with a 15% short interest.