Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?

To: Richard Barron who wrote (2365)	2/3/2003 11:32:07 AM
From: bob wallace	Read Replies (1) \| Respond to of 2561

Hi Richard well, I got to thinking about your strategy, and wondered if it wouldn't work for all dividend stocks. And I thought maybe it might be a safe play just to try to make the dividend plus transactions costs. So this morning I stumbled across MCY which quite by chance announced a dividend increase this morning. I checked the charts and it did seem that MCY was at some support after a steep sell off, so I tried my theory on a few hundred shares. I let the initial surge wear off, then I bought my shares and immediately placed a sell order for the dividend plus 4 cents transactions costs, and within in an hour I had it. beginners luck probably, but it does seem to me that this might be one way to make relatively modest amounts with low risk - I will have too see. I will also watch MCY and see how it runs - perhaps looking for twice the dividend would work too - but I sure don't want to get greedy - after the last couple of years I am very afraid of loosing more principal.