RE:RE:Pays 1.25% a Quarter Dividend, Drops 5% Ex-dividend dateSarge - it seems to bottom about a month and a half after x-dividend date. The down draft usually runs 10-14% but have seen as much as 20%. If you look at the SP chart for the last couple of years the pattern is pretty easy to discern. I will buy back no more than 1.5 months from now and when it shows at three day up trend.
SargeX wrote: Hey Dean
Good work and congrats. Not that it really matters to me in the long run, but I actually thought it'd be different this time. It sure the heck isn't.
I'm never going to mess with our long term holdings but when I get my trading dough back in action, this will definitely go on my list. (dough is crrently tied up in 2 bad trades and will probably be a while :-(
Just out of curiosity, what price do you think you'll buy back at?
As an aside, this ex-div routine seems to happen to many of the quarterly payers. It's happening to FTS today as well.
Take her easy
Sarge
DeanEdmonton wrote: And it will drop more than that before it bottoms again. I know I passed up on getting the Divy payment by selling but I will pick up WAY more than that by having sold, and then buying back in at or close to the next bottom this quarter. Ride it up to near next dividend date and sell it off again. This much price swing as a result of the quarterly dividend makes no real sense but as long as it is going to keep happening I am going to keep taking advantage of it.