E Split Corp T.ENS

Not today

[Obscure1]

At one point today, the math was there for Middlefield to do a Raise.  We didn't see an announcement but I wouldn't be surprised to see an announcement tomorrow.  

Middlefield is running out of time if they want to be able to buy more ENS before the stock goes ex-divi on Feb 14th. 

Any purchase of ENB made on the 12th (qualifying for the dividend) would have a Record date of Feb 14t.  If ENS announced a Raise tomorrow (Feb 6th), they would have their money on the 14th in time. 

Any purchase made on the 13th (qualifying for the dividedn) would have a Record date of Feb 15.  If ENS announced a Raise on Wednesday, they would have their money on the 15th.  

Fund managers love divi's from their holdings.  Incoming divi's fund the outgoing divi's for their own offerings and provide cash flow for operations.  It is crazy that funds will put short term cash needs ahead of a "overall return" strategy, but the goals of the funds are not always aligned with our goals as investors. 

I thought we would see an uptick close at $12.10 or higher today as it would have triggered a Raise signal on my score card.  I had a sell order in at $12.10 for the balance of my shares at the end of the day but I obiously didn't get filled. 

My guess is that the number crunchers were busy today at Middlefield preparing for a deal.  I also expect that the phones will be busy in the after hours and that we will see an announcement tomorrow.  I wish I had a crystal ball as this would be so much easier. 

Let's see what happens tomorrow.

[Experienced]

I am on the sidelines with my sells on Friday.. If the past patterns repeat then the math will be good for a reload...will wait to see if it plays out...