To: Les H who wrote (32297 ) 11/4/1999 9:05:00 PM From: MonsieurGonzo Read Replies (1) | Respond to
LH:" MSFT... "...Is this distribution ? origin is ~70, so it's up about +30%MSFTP - Microsoft Preferred right now.Bond Funds this year, fwiw. Mark the (quarterly) ex -dividend dates on the MSFTP chart with vertical lines. What you want to do is enter an order to SELL all @ MKT after the market closes, the session before ex -dividend date. Curiously, MSFTP does not usually "open" down much on its ex -div date... (no specialist on NASDAQ?) Your sell @ MKT order will be executed at OPEN on the ex -dividend date... and the $ div cash will hit your account later on. Some brokers may allow you to DRIP it, commission-free.ex -div + 3 sessions. Note the lower of OPEN or CLOSE on that date. Draw a horizontal line at that price level. Enter a GTC order to re-accumulate your shares at this price level; roll it over if you get partial execution (you'll need large position & low commissions to play this scalp).not go down.taxable equivalent yield of doing this in an IRA.ex -div "scalp" is not really necessary, but WTH.stock goes sideways or, decays - you can roll over to MSFTP "preferred "; ie., manage the MSFT:MSFTP ratio .
