RE:RE:RE:RE:RE:Fiddy Basis Point Interest Rate Hike Coming This WeekYup, that's the way it went down once again. I had actually predicted that it wouldn't happen last time but it sure did. I'm now convinced that there is some automated trading causing this. It really is absurd as it is way better to sell before ex-div date than on ex-deiv date so all the traders selling on ex-dvi date really have it wrong.
As usual, we won't be selling any of our long term shares.
Ciao
Sarge
FiddyFiddyOddzz wrote: I just checked the historical prices on Yahoo. On Feb 11th ENB closed at 55.56, on the 14th (ex-div date), it closed at 52.79, and stayed in the 52's until Feb 24th when it closed at 53.13.
Had one traded around the ex-div in Feb, they coulda definitely made 2 or 3 bucks a share on the gamble.
Quin wrote:"Well it didn't drop last ex-div date so I would not bet on it and by bet I mean trade around it. There are a few that sold $55 CAD and lower that are still on the outside looking in.
Trading at 52 week highs with full pipes and a rising demand that the SPR is having trouble suppressing. I will take my chances with steady eddy Enbridge here.
Go Enbridge! ;-)"