I have been actively trading BGCP for some time now. Like many financials it was very overbought, but with a thesis that the financial markets are firming up, Friday's decline got me very interested in the name again.
I was hoping to enter a full position near 7.20 or near the 20SMA, however an intra day reversal made me enter a position this morning. (I do not plan on selling the current position until the below target is seen.)
With the financial markets firming up, BGCP is simply too inexpensive here. A history of its dividend yield suggests, under relatively calm financial markets, its dividend should be yielding around 6-7%. (chart courtesy of wolframalpha.)
If further consolidation is seen from current levels, I am prepared to add.