I am certain the $3.81 low will be the low even after the...

I am certain the $3.81 low will be the low even after the dividend. In my opinion.

One of my main goals in trading to learn what the big boys are up too.

Classic pump, hedge short, then dump on the news. Buying back low while panic sellers sell. If Telstra surprised to the upside the funds would have held the SP down while closing short positions. Win/ break even prospect.

Telstra was supposed to drop revenue over time, it is bottoming out now in my opinion. The staff leaving and slow down in infrastructure expenditure over time will help hold profit in place while trying desperately to hold onto revenue. Though while I liked the report today I am no fund manager in reading them.

Lower dividend = more growth.

"FY18 total dividend expected at 22 cents per share including both ordinary and special3 excluding any returns to shareholders from potential nbn monetisation transaction"

The dividend may be much higher unless my English reading skills are poor.