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To: Beachside Bill who wrote (48473)6/5/2003 12:18:55 PM
From: Nemer  Read Replies (4) | Respond to of 53068
 
question ...

I'm not doing this, but did overhear a conversation at the lumber yard coffee shop early this morning saying he'd "done it" ...

I comprehend the wash rule
and
I comprehend ex-div-date

but

this guy was saying that he'd bought RJR a couple of weeks ago in one account (his)
and
that he had an order to short it tomorrow AFTER ex-date in another account (his wife)

ok ...
this I see
he gets the div in his account
she doesn't have to pay div as it will be ex-div
he is well up on the price ... three+ bucks

he figures it will drop twice the div in the week after ex-div and he'll cover her short

all you accontant/FA/bookies
have any comment?

that is at least
Fishy
Larry
Scooter
BB
BWAC
Ed

it appears to be a dumb move as I see it
but I surely didn't say anything to the guy cause he is size industrial....
hello?