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Strategies & Market Trends : Picks of the quarter

ATHR 6.150

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Jan 9 9:30 AM EST

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From: Patrick Slevin	5/7/2008 8:40:56 AM
	Read Replies (1) of 20435

Hypothetical Rules Question; I ask this because it's occurred to me to do it more than once, but it's unethical. ------------ The Rule as it stands is that dividends are not included. Well, I don't know if it's a Rule or not, I just know that Leroy doesn't count dividends. So, Company X trading at $90 declares a Special Dividend of $10. I Sell it Short. The day of the Dividend, all else being equal, the stock opens at $80 due to the Special Dividend and I Close out the position. The stock closes at $81. Technically, I have a dollar loss. In terms of the Contest I have a 10% gain. ----------------- What's the Rule?

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