There will be two possible outcomes after the dividend announcement next week.
First, SP will gradually rise because some people will jump in at the current stable & bargain price to earn the healthy dividend.
Second, if shorters keep attacking like they are doing in the last few weeks (>50% of trading is shorted) the SP may not move much until ex-dividend date. On the ex-dividend date, the SP is likely to explode since the shorter has to cover because some intos who loaned the shorters their shares want to the shares back so that they can sell the shares after the dividends to seek different opportunities. The intos will make their money both by claiming the dividends and profits from a sudden increase in share prices.
I will not sell my shares at least until the ex-dividend date
For the sack of the disclosure, I just bought another package today at 3.00.
GEM Price at posting:
$3.00 Sentiment: Buy Disclosure: Held
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