Well it will be interesting to see if there is a short covering rally this afternoon as that will set the tone of how it will trade in the coming weeks. You can still make money paying for the dividend if you believe MYR shares are going to drop more than 7 cents when it goes ex dividend. If shorters have the ability to push the price closer to $1 it makes no difference financing the 7 cent dividend if you have deep pockets. Really depends on what the market makers want to do with the stock and we are just along for the ride up or down.
MYR Price at posting:
$1.37 Sentiment: None Disclosure: Held
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