RE:RE:RE:What the... ???
BearBullBrian wrote: I think this is a "sell on news" reaction. What else could it be?
BBB
Most action happened at the start of the day and then rose as the day went on, that looks like someone took home major profits. Maybe part of rebalancing in a fund or something, this has had quite the run it is likely it's become a larger weighting in many peoples portfolios.
That's the best I can do at rationalization of it myself. I'm thinking of throwing a stop-loss on it because I'm up way more than I expected from this and I'm a little disappointed we haven't gotten a dividend increase on this major run up. It's been 7 years since the last bump up, we had a major oil decline in that period where I'm pretty sure we were still getting the EPS that fully funded the payout and that means we are safe enough for bump up of atleast a few cents.