QUOTE(Boon3 @ Aug 5 2020, 01:16 PM)
Just an experiment (or as they call it PAPER TRADE) in which I will just mark down in my 555 book.
Like you said, buy now and sell after ex-date.
So I have recorded in 555 book, 1000 shares at 7.50.
* based on recent years , div went ex on Oct/Nov
** expected dividend for the coming interim dividend is between 23 to 25 sen
** Wah. You reckon can get 900 profit?
Time to mark this out as a loss at 7.42.
1. Although it's a paper trade, I shall strike the trade out at 7.42. A loss of 8 sen.
2.The whole idea apparently was enter the stock and profit from the interim dividend. Sell the stock b4 the stock goes EX.
and as personally witnessed in other stocks, such plays are risky. And in the supposedly most safest dividend play stock, this play failed.
3. The whole idea for the trade is just wrong and it would be even more wrong for me to start looking for a reason and turn the trade into an investment. Yup, although it's a fake, I cannot and will not cheat myself. Pointless ya.. Man up. Own up to the bad trade.
4. Habis cerita.