RE:RE:Fighting the Shorts some serious volumes over last 2 days - yesterday almost double the usual & today another doubling.
still wondering if it is part of a strategy for shorts to play over ex-dividend day to reduce their costs on the short positions? Short over the date and you have to pay the 50 cents but if it drops over the following days by $1.50 you still pulled in a buck a share and reduced your costs on your short positions.
if it is M&A involved activity, then there are some loose lips about.
Puma1back wrote: It goes ex-dividend on Friday - they are jamming it up till tomorrow than Friday i bet it drop 2 to 3 times the 50 cent dividend. Happens almost every quarter.