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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: wlheatmoon who wrote (48056)6/18/1999 1:27:00 PM
From: John Pitera  Read Replies (2) of 86076
 
AM, gave a good rundown on the dividend issue, you have to own it on the x-dividend date. the date the dividend is declared. 10 years ago some of the biggest volume days a given issue where dividend capture plays.

since the dividend yield is so low it tends to not be a significant factor.

When I was long XON I wanted to get out before the x-dividend date, in May as I have seen it drop several dollars after those dates such as May of 1998, you could tell that the stock had run up and people wanted to take profits, but wanted that .41 cents a share.

ANd the stock had fallen quite $4-5 for those who hung around for the
the .41 cents.

Many other factors are at work in what moves a stock, as you know
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