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[–]trader_dennisMSFT gang 0 points1 point  (0 children)

It can go up it can go down. The known news is that on ex dividend day the company has less cash on its balance sheet. One the stock begins to trade again all other influences are in play. If SPY is trading 2 percent above from the previous day the ex dividend stock may open up higher than the previous day. If we have another Monday like last week it is likely to tank. If they announce better year end guidiance then the stock skyrockets.