Wow, wasn't expecting this to fall this far...
Welcome to panic mode. Rationality flies out the window.
yep, I am not selling my shares for this cheap, it's not worth it. I can't believe people are willing to sell for this.
The irrationality of these markets is great for investing/trading... People are panic selling and driving prices down considerably because of ONE "low" dividend.
If you assumed 0.0122 was going to be the new average, which many people seem to be doing, that would still equate to a 22% yield at a 2.90 share price. If we take the YTD average dividends though we're looking at approximately 43.5% yield at current share prices.
I think there will be some more sells throughout the day to shake out the weak hands/speculators... Hoping to pick up some more cheap shares after trading settles down a little.