Sunday, November 17, 2013

Whiting USA Trust I About To Drop By 50% - Seeking Alpha

Whiting USA Trust I About To Drop By 50% - Seeking Alpha

Here is an article predicting about 50% downside for WHX since it is already past its ex-dividend day.  It may not go all the way to 50% down because it is wildly popular with some investors.  It only dropped to $3.65 per share after its last ex-dividend pullback, and it immediately started shooting back to almost $6 per share after the $3.65 low.  Thus, you could probably buy at $3.65 or lower and ride it back up to over $5 per share.  You should be able to make 35% or more on the trade if you sell before the next ex-dividend while the price is still high.

No comments:

Post a Comment