RE:Delusional!$68.61 on Friday. At the end of the day you now have an account receivable (sorry for the accounting term) from TOU of $2.00 AKA a special dividend.
$2. + 66.61 = $68.61 You have the same investment value on Monday that you had on Friday and yes the closing price is adjusted to reflect that fact.
Why would buyers of stock give you $68.61 on Monday if everything else remains the same? TOU has given you an account receivable they will pay Feb 1; as a buyer on Monday I sure won't give you the same value.
rico91 wrote: It would appear that I was under the delusional assumption that stock prices were made by investors who bought and sold shares in companies. It appears however that a closing price on a stock can be changed by a stock exchange if it so chooses.
Am I correct that TOU closed at 68.61 on Friday Jan 20? That is what I saw on Friday evening! So who bought and sold TOU at exactly $2 less before the opening today?
If I am to get a $2 dividend on February 1, but my shares were reduced by $2 today ( without a trade taking place) , then I didn't get anything at all !!
Am I supposed to be happy with that?
If TOU was TRADED down by whatever trades took place then so be it, but that does NOT appear to be what happened!
JMHO
Rico