It follows the pattern, but now the base is shifted. I expect it will stay at current level or rise a bit, before dropping after earnings towards the Dividend. If i had any money leftover, i would short it soon after earnings. Unfortunately my put options expired worthless. But that was my fault for buying at the wrong time.
Merck definitely follows this pattern, but now the dam bottom has shifted to a higher plateau...my PUTS are just under this base, i think they will expire worthless, unless some massively bad news drops the stock back to the previous base.
Just like the last few, Merck stock dropped as it approached the dividend. My only problem was it did not drop enough....my puts are the light blue lines. I guess we will see if the stock drops more enough for me to sell or if it goes up and does the pattern again.
Just like the last 3 or 4 times, Merck stock takes a drop as it approaches or reaches the dividend date. Only problem i had was the amount it dropped. It seems each time, it drops 8-10 dollars a share.
NYSE:MRK seems to be tracking right along this path. It will be interesting to see how high it goes if they have solid earnings. And even more interesting if the stock goes down as it approaches the dividend like it has the last 3 times...
So far, MRK is going exactly like the previous Dividend payouts. Dropping down to these levels. My guess is it will rebound after, so it should be a great time to get in.
If i look at this, it seems every time its dividend time, the stock drops and then rebounds, right around the same amount. Seems like a good entry point?
If you zoom in on yesterdays trades, the end of the day was a very nice Cup and Handle. Same with AMAT....possibly going on a run?
Also first time publishing, so i may not know what i am talking about.
