Andy87,
I agree with you on seeing 50c as resistance at the moment. I don't think it will pull back now though. I think when 50c resistance is breached with a hold; this 50c level will become the support resistance on the up leg that seems to be starting to show some trend now. So having a 48-49c stop in the time close to the ex-div date maybe a good idea should you be afraid of big drops but don't want to be stopped. It may also be a good re-entry for the traders.
If you are wondering what may happen ex date, I think it will be a good bit of homework to go back over what happened in CFE's last 'special' div. probably a lot of holders here remember. I think that example may be a worst case on the pull back, as I think pull back after ex date this time will be recovered in a shorter time due to a lot more other things going on at the moment
Not a bad time to be a holder either way. Good luck guys
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