RE:So why is CJ being held around $9.20?TheWokeLemming wrote: Something stinks here. Manipulation. My opinion only.
I don't think it's being held anywhere, it's just run out of steam. They had their big dividend announcement a month ago. The stock is up about 50% in one month. What's going to make it move from here? Time. Time spent at 100+ oil. Or another announcement of a further increase in the dividend. That won't come until July. What I think is happening is an awful lot of longer term retail hit exit points and are selling with this stall. The morning after the last release I moved a lot of money into CJ. Tripled my holdings. I like the sustainability of the dividend. At this point, I'd be thrilled with a 2022 exit price of 11 bucks and another cent divvy bump. But that's like watching paint dry compared to the last month