Canadian stocks that pay DIVIDENDS!!!! Message Board

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Gold/Mining/Energy : Canadian stocks that pay DIVIDENDS!!!!

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To: John Rountree who wrote (21)	8/25/1997 5:08:00 PM
From: Scott Mc	of 129

John, personally I think you are wasting your time persuing this type of activity and Ill tell you why... 1. Find a good stock with a dividend, say $25 with a $1 dividend (I would say thats average) this leaves you with a dividend of 0.25$. 2. This comes up 4 times a year (not frequent enough) 3. Hold period, minimum 2-3 days (maybe less) I would think that you would be much better off, if all you are trying to do is pick up a 1/4 point is to find a good stock, that moves $1 per day,that you like, figure out whats its worth to you and try and buy it with a good till limit order. Im sure you could pick up 1/2- 1 pt a trade. Any comments or thoughts?? In actual fact this is what I sort of do, I buy stocks I like, if they get a bit ahead, I sell them and try and buy them back for less.. Scott

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