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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (6002)	6/12/2003 7:01:35 PM
From: bill	Read Replies (2) \| Respond to of 11633

Don't understand your strategy. If you sell pre-dividend, you lose 6.5 cents plus 3 cents out and 3 cents back in, for 12.5 cents for the swing trade. Do you think that from your sell price to your buy price there will be a spread greater than 12.5? At 12.5 you break even if you call the buy and sell perfectly. Even beyond that you'll have to be nimble unless there's a significant drop with lots of room for margin. i sold my gib.a today at 8.32. didn't like the way the stock has spiked on a rumour then was unable to hold its price. could have got back in at 8.17 on a perfect call. woulda been 32-17 = 15 -6 cents = 9 cent profit but i seldom call tops and bottoms. not that good or lucky consistently. An AVN.UN sell would have been better with a 40 cent spread. got to sit glued to the screen though hitting the refresh button. NS and RUS both have been doing okay lately. look like they'll make a decent capital gain. RUS also pays 7 cents a quarter. Wonder, though, if it's time to start building cash. Could be a big drop across the indexes come Sept.