On Monday and Tuesday of this week BMY will be under serious buying pressure due to the "Entitlements Issue".
(The share price of BMY will go up)
Tuesday night all buy/sell orders get purged (cleared).
Then on Wednesday morning BMY goes ex-entitlement. So buy and sell orders will return.
The share price will start its downward move from here and will most likely hover around the Entitlements Issue price which is 14 cents. Give or take!
If you can join the dots in the above post a good trading time will occur this week on BMY as there will be lots of volatility. Happy trading!
On Monday and Tuesday of this week BMY will be under serious...
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