Post by
mjh9413 on Oct 12, 2012 6:34pm
Inexplicable!
This one was mentioned on BNN (top pick) a little while ago and so I put it in my watchlist...I still cannot believe they did a $10 spec div to holders of record Oct 1 2012 but it really didn't reflect the ex div date and one could still sell at over $14 right up to Oct 10th!!! Just an amazing event...buy at 15, sell at 14 and then get the $10 div...amazing, just amazing except for new buyers after the ex-div date who still held Oct 11th. It was unreal...
Comment by
mjh9413 on Oct 23, 2012 9:09pm
Well I never knew that. NASDAQ rules allow an ex-div date one day after the payment of a special div and well beyond the record date. Now that IS amazing!. One can have one's cake and eat it!