RE:Re:BD = Note you should Buy on the open MarketTimeBuilder wrote: @ Below $11.80 as the BD is settled on July31st which is the record date for the monthly .06667 Aug distribution ....GLTALL Investors, TimeBuilder
Last time, the BD @ $10.65 was announced after market close on Feb. 14. Closing price that day was $10.86 on volume of 649 k.
The next day 1.34m shares traded, open $10.39 close $10.43. The price stayed in the range of $10.43 to $10.57 to close at $10.50 on Feb. 25. Price $0.15 below BD price.
On Feb. 26 before open the completion was announced. Open @ $10.50, close @ $10.58.
Open Feb. 27 $10.52, close $10.63 Volume: 471 k
Open Feb. 28 $10.66, close $10.84 Volume: 880 k
Open Mar. 1 $10.87, close $10.69 Volume: 293 k
Open Mar. 4 $10.72, close $10.70 Volume: 290 k
This time, the BD @ $11.80 was announed after close on July 23. Closing price was $12.24 on a volume of 377 k.
Open July 24 $11.80, close $11.82 1.85 m shares traded
Open July 25 $11.81, close $11.80 300,000 shares traded
It has not dropped below the BD price like it did in February, so even upon closing, the price may not move that much. There is much more buying support this time. We'll see what Friday and next week brings. Two more days to buy for July distribution. Ex-Div on Tues.