I disagree-longs would hold their shares until the divi distribution date. Holders have the 3 day transition period-some say today-some say friday. My account has a three day period for finalization. Today was the day to get out if you needed= due to the 3 day lag. Margin/option traders--today was the day! They do not want to cover for the divi. At todays PPS--more than 50%.