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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: Triffin who wrote (935)5/27/1998 12:40:00 AM
From: Binder  Respond to of 4142
 
LOL... thats a nice way to put it...



To: Triffin who wrote (935)5/27/1998 1:09:00 AM
From: Jay Lowe  Respond to of 4142
 
Thank you, James, for providing that specific procedure
whereby we can establish the last date to get the P with dividend.

I'll repeat, for a check.

- I call my broker (DLJ).
- I tell him I want to buy MIDLP before the X-dividend date.
- I ask him will he please look up MIDLP and confirm that I can buy it now and get the dividend payable on 5/29.
- if "no", I hang up and buy "W"
- if "yes", I ask him to please confirm that no "X" appears after the quote, thus double checking.
- if "yes", then I get his name and number and express my concern about the dividend.
- I buy the "P" and then send email to my brokerage (or fax, whatever), summarizing the broker's report and name, thus putting them on notice prior to the date

- if there is any FUD on the broker end and I can't get a clear story, then buy the "W" or wait for the "P" to drop (maybe) post-dividend.

Yes?