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.
yeah, if I had some coin, I'd be buying up, too.
We've seen this pattern before, big drop right after bad news/low dividend, then back up, as people want the cheap shares.
If we get an update from FC tomorrow, it might be enough to bring it back to the prices we saw yesterday.