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Generex Biotechnology Corp GNBT
(Total Views: 257)
Posted On: 09/13/2019 12:02:13 PM
Post# of 36564
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Posted By: tc2000chartreader
Re: Pokey123 #6013
I don't agree. I don't think we have much in the way of day traders that have a position to worry about a sell off. On the contrary, the price goes up and the day traders see a 46% increase and jump in to drive the price up more. That may cause short sellers to have to cover which could drive up the price more.
Quote:
Just another quick thought on the shares being retired ... expect day traders who never had an interest in the div shares but recognized the opportunity presented by retiring shares to increase share value significantly to take profits. This may cause a panic sell and a lot of volatility short term.


The due bill is attached to the person that had the shares when we went ex div a couple week ago. They get the shares, even though they don't have the original shares, and the new shares move to the last to buy the shares.
Quote:
I don’t know how the pay due bill works for those that sell shares and I don’t think the day traders care. For example if shares trade hands multiple times between aug 30 and oct 30 who gets the bill. I know it’s not the company but is it the last to sell the shares or the first. It’s very confusing but I would imagine it’s the last.














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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.



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