It is not going out on a limb to say that almost every single share sold over the last two weeks, and especially last week, is being sold at a capital loss. Therefore in the dividend space sellers with losses must have a good place to invest to recoup those losses while getting a better dividend. Good luck.
Daytraders, if they materially exist, are not, like momo players, here. Again only leaving investors. Shorters are busy borrowing stock and providing some down volume. Shorters only have a hundred or so days ("only" LOL) to cover, unless they want to pay the dividend on top of short brokerage lending fees. I'd say they're gaining control now.
Am I seeing hope in today's last hour, or are the tears obscuring my objectivity? Did a bot clock into work at 3PM and begin to accumulate in the $1.335 area -- set your chart to 1 day, 1 minute and see for yourself.
OV
Vive la France!
EPW Price at posting:
$1.33 Sentiment: Hold Disclosure: Held