QUOTE(wodenus @ Sep 25 2015, 06:45 PM)
So suppose I buy a counter which has a good chance of declaring a good solid dividend. I'm not the only one who knows that, so just before the dividend, I buy it and sure enough it goes up. Then I sell it before ex-date because I know it's going to drop. Then I will get my "dividend" before the dividend is declared
if I am wrong and it does not go up, I know it will drop by the dividend amount, so I will sell at that price and get the dividend, thus I will break even excluding brokerage (which is really cheap btw.)
So worst case I break even, best case I make some money. Where's the catch in that?
Is this true???So worst case I break even, best case I make some money. Where's the catch in that?
Sell before the price drop and still can entitle for the dividend??
that is a loop hole for people to take advantage.......
that sounds too good to be true, sell and get dividend then can buy back at lower (after price drop)......
i thought to get that dividend, you have to hold till the "price drop day", then only
it is fair to the seller and also buyer.
You just cant want to have the cake and eat it too.
Sep 25 2015, 11:47 PM

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