Still a happy long old shareholder
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Still a happy long old shareholder
Trading pretty resilient in the 429-430 range in an otherwise overall weak market. Hopefully Milford finished selling most of their stake and no one else wants to sell. Nice place to be in.
I still holding my. Thanks to thl make me retired 30 year earlier
whats happen today?
My pick is two reasons...
- Milford selling their remaining holding in hurry (less likely)
- Market pushing price lower for better a DRIP price since its gone ex-div on 4th and DRIP price is determined based on 5 day Weighted ave price post that date less 2% discount (more likely this one).
Selling and pushing price lower to get a better DRP price. Often cited as a reason for movements in stocks like today
But is this actually a common practice / strategy? Or just a theory?
Wonder if any evidence exists to say this happens ?
I have no idea but genuinely interested ..maybe an opportunity