RE:Program Trading Killing CM TodayIt is rather irrational trading IMO. Hold another few days and you get $0.87 dividend which falls in a very low tax bracket.
I'm not sure where the price will be ex-dividend, but the last couple ex-dividend days the price actually went higher and dropper several days later.
It's quite the odd stock, but if you're looking at long term, this will be much higher, and I would not be surprised to see a dividend increase later next year when the dust settles.