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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: bbgold who wrote (74786)12/17/2000 12:06:51 AM
From: JamesB  Read Replies (3) of 150070
 
Oh hell, I can't stand it, I've gotta muck up the waters a bit more. The "X" date as you put it, is actually the "ex" date. That is, the first day that a stock trades "ex-dividend". Prior to that day, the stock is trading with the "dividend" attached. Don't be confused by the term "dividend", as it can be in cash, additional shares etc. As long as you buy prior to the first day it trades "ex-dividend", you are entitled to the bonus, whatever it is.

In summary, if you sell a stock that is trading with the dividend attached, you lose it. If you buy a stock trading with the dividend attached and hold it until at least the first day that it trades "ex-dividend", then you get the shares, cash, etc.
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