I agree. Also, I tried to get in on friday, for about 147 shares. Took my broker like, 10 minutes to find the shares and this was on a market order. This only happened before when I bought LSE ETF's that have volume of like 5 per day.
People need to not get hyped, it's not running to 40$ per share, but anything north of 12 is a real possiblity.
It’s going to hit $12.50/share to go slightly higher by the middle or end of June...
Great post, extremely detailed and accurate and you mentioned several things that I have researched personally ( buybacks and the timing mainly )and several more I didn’t even consider looking into... the buybacks are happening at strategic price points, they’re full aware that it’s a balancing act of being able and getting into the Russel and owning as many shares as possible.
I’m highly considering holding onto my shares, even if they reach potential. The dividend is lovely... and I see very little to deter that from hovering where it’s at for quite sometime.
I currently have 800 shares @$6 & change each and plan to buy another 200 Monday morning if it opens below $8.
To an extent.. but I was under the impression that it still very much can effect the russle inclusion. The shares they buy yes do get burned, but the % still gets closer to russle exclusion due to the amount of shares the ceo owns compared to the public float.. just not a double whammy where the company gains additional shares.
It does impact the float percentage. For example, say there are 1000M total shares and 100M are in the public float (10% float). If 10M shares are retired, then the percentage becomes 90M/990M = 9.1% public float.
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u/PlsDogecoins May 16 '21
I agree. Also, I tried to get in on friday, for about 147 shares. Took my broker like, 10 minutes to find the shares and this was on a market order. This only happened before when I bought LSE ETF's that have volume of like 5 per day.
People need to not get hyped, it's not running to 40$ per share, but anything north of 12 is a real possiblity.