posted
GTOP closed down 6%, still settling after the big drop. weird thing, it traded slow all day, then ~2.5M shares changed hands first thing in AH trading (16:00:00 at .75)
what that means is this is going to move tomorrow.. but which way, that's anyone's guess
-------------------- the market is not your mother
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posted
and.. last but not least, WWAT is pushing up resistance at 1.94
seems like there's a lot of support at 1.75 (around the same level where large institutional buys came through most recently), so it shouldn't dip below that.
no significant volume going on right now though.. keep on radar.
-------------------- the market is not your mother
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posted
UHCR, True it should have a ex-date after the pay date due to the fact that it is a dividend worth 25% or more of the value of the stock.
"Dividends Or Distributions 25 Percent Or Greater Than Security Value
The second method, under subparagraph (b)(2) of Rule 11140, provides that for dividends or distributions that are 25 percent or greater of the value of the subject security, the ex-date shall be the first business day following the payable date. For example, if an issuer has announced August 10 as the record date and August 31 as the payable date, then the ex-date will be September 1, the first business day after the payable date. In this example, September 1 is the day on or after which a buyer would purchase the security without the dividend and, therefore, the day on which the price of the stock is adjusted downward. In this example, a seller of the security on August 15, even though the holder of record to receive the dividend, would have to relinquish the dividend to the buyer. Indeed, because the value of the security on August 15 has not yet been adjusted downward to reflect the dividend distribution, the seller in this example would be unjustly enriched by keeping the dividend. The seller would have received the value of the dividend twice: first, as fully reflected in the unadjusted price of the stock on August 15; and secondly, as subsequently paid by the company to record date holders.
This Notice reminds member firms and their associated persons that ex-dates are determined differently, depending on the size of the distribution. Current and historical dividend information is maintained by The Nasdaq Stock Market and can be found on the Nasdaq Trader Web Site at www.nasdaqtrader.com/dailylist/dl_di_ind.stm.[/b]
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