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Gold/Mining/Energy : Canadian stocks that pay DIVIDENDS!!!!
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To: Scott Mc who wrote (22)8/27/1997 3:56:00 PM
From: John Rountree   of 129
 
I am inclined to agree with you. Thanks! I have been closly watching stocks that have large price fluctuations each day. Candidates for day profits of 25 cents or more. I notice that the price on average is the lowest in the afternoon and highest late in the day. You buy in the afternoon and set a GTC to wait for the late afternoon run up. Many large volume big cap companies are pretty consistent in this. BUt we are still only talking paper trades for me here,

A friend of mine who studied finace told me about companies that bought by the owner of record date and sold calls. When the stock diped to reflect the dividend, they also bought back the call at a discount since it reflected the stock price. Sort of like double dipping.

But overall, I agree that div capture is questionable. But it does absolutely ensure you'll collect a dividend and with that one can safely buy 5 to 10 thousand shares. You woun't do that with a stock that you aren't absolutely sure is going to go up 25 cents or more would you? Div capture is meant to grab 2-4 % on a large junk of cash. But if you do that once a week or more, you are averaging 10% a month which means you can double your money ever year.

I just don't know anyone doing this and yet I meet people everyday who don't double their money every year but trade like crazy with options, stocks etc. People who have been trading for years. Go figure!

Sincerely, John
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