Stupidity induced by greed. That's the only way to describe it. Upon announcement of the offer by Temasek holding for the delisting of SMRT at $1.68, I wanted to arbitrage on any possible price difference between the opening price and the offer price. These are the assumptions I make: 1. There's a dividend of 2.5 cts waiting for me 2. The price that Temasek Holdings offer is too low ball and will be revised upwards With that, I queued overnight at a limit price of 1.675 and got it this morning at a entry price of 1.665. With that entry price, I will make about 2% after comms and I'm okay with that. It's like a fixed deposit. I was happy for a while until the news kept streaming in that destroyed my underlying assumption. Firstly, the dividend of 2.5 cts had already been declared ......