Seeking Alpha
  • Perkins Cove
    $GYRO.....ouch! Down over 80% in PM. "....trading ex-dividend. (Declared special dividend 12/20)" (Briefing.com)
    12/31/13
    Reply (13)
    • Perkins Cove: http://seekingalpha.com/n/rffa
      12/31/13
    • Perkins Cove: On the other hand, a HUGE bounce play from $5 (8:11am in PM) to over $15. Triple your money. Wow !
      12/31/13
    • Perkins Cove: Honestly, I did not understand what was going on until too late. Chalk another one up for "Bounce".
      12/31/13
    • Perkins Cove: Stockmarketwatch is showing $GYRO as UP 444% at $12.20. That's what through me the curve. (never could hit a curve....)
      12/31/13
    • oneotherfool: Traders who knew about the $66 special divvy sure were prepared.
      12/31/13
    • Perkins Cove: Missing that huge bounce is what's killing me. I feel like I just fell of a ladder, hit frozen tundra, and didn't bounce.....
      12/31/13
    • oneotherfool: Don't feel so bad. Sometimes when you don't understand why, it's better not to touch it?
      12/31/13
    • Perkins Cove: Very good point, and I agree. Will chalk it up to education. But that 300% would have been a great way to close out the year. Happy NY OOF !
      12/31/13
    • oneotherfool: Happy New Year to you too PC!
      12/31/13
    • temenem: What the heck is going on with GYRO? Somebody fill me in, in a nutshell?
      1/1/14
    • Perkins Cove: http://seekingalpha.com/n/rffa
      1/1/14
    • Perkins Cove: Evidently, many investors/traders were holding only until the huge dividend was paid out (Dec. 31). Once it was paid the stock price tanked.
      1/1/14
    • Perkins Cove: The previous price was inflated due to the dividend. The current price is what investors think its worth now. (date above should be Dec 30)
      1/1/14
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