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I was just talking about this to another GB but don’t be fooled by the divi. The divi were made by previous prices. Not that it isn’t a good company unlike some that give high dividends because their in trouble. This one was already around making money before and got in the market.
Due to political and Fed policy’s and mismanagement it has been affected just like everything. BUT it survived the other catastrophe’s before it ever entered the market. So risk reward looks better than speculating on a non producer.
I haven’t checked the news but there’s day traders out there playing the next divi front running sort of. The potential probably after recession is mind blowing. Compared to banks giving next to nothing but benefiting themselves from rising interest rates and you keep your stocks. I’m guessing this divi might me a little more as they break it up I’m quarters. It was last year at this time.
I also mentioned but not on oasis the hui might try to head down to major support .., golden cross” then see if it holds. Early yesterday it leaked out about the 25 point raise and here comes the front runners. Cant say if it will reach support now and don’t care because the short ETF’s are in terrible condition or if it will hold support if it does but something to watch. Either way it will try to retrace back to support if it doesn’t hold. Not saying every-time but seems to be the pattern.
Audios amigos Cherio??
Maddog
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