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Msg  22516 of 22669  at  9/30/2022 3:01:03 PM  by

gjunk3

The following message was updated on 9/30/2022 3:02:30 PM.

RMMZ Strange Trading

There was a sizable trade at the open that was far above the $15.39 close of Thursday. No explanation but my guess is that it was drip buying by maybe one brokerage firm? The OM trade of $16.50/sh was a huge bump which did last for a second trade a few minutes later for a few hundred shares at prices around that level but then quickly tumbled back down & even below the prior day's trading activity.

2nd tier dripping by brokerage firms is pretty much always unwise. Corporate dripping can often but not always make sense. The most successful & effective corporate drips are operated by the Cornerstone pair of cefs and they are designed to be the friendliest to participating shareholders of all the drip programs. I can't say they justify huge prems but I consider them to offer value that warrants some premium that can justify a buy, hold, drip plan that would offer attractive long term returns if established at a reasonable prem. What such a reasonable prem might be is open to interpretation but I think under 10% is worth considering.



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