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To: jackrabbit who wrote (8774)	6/16/2001 11:01:52 PM
From: Jacob Snyder	Respond to of 11568

re: Buy when the dividend is 14% or so and then sell when it gets down to 10% (by price appreciation -- not by dividend cuts). That's the problem with my trading idea, you are likely to get blindsided by bad news at any time. No one seems able to accurately tell what their numbers are going to be in 90 days, let alone 3 years. Let's say, one fine day (at the close, of course), MCIT announces: "due to sales and margins falling faster than anticipated, we are cutting the dividend from 2.40 to 1.20" The stock promptly gets chopped in half, from 24 to 12, at the next day's opening. What do you do? The dividend % is unchanged, at 10%. If I was going to trade this stock, I'd play the short side. It's unlikely that MCIT is the next MSFT. More like the next Iridium.