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Re: shortsinthesand post# 9454

Monday, 12/29/2008 10:36:01 AM

Monday, December 29, 2008 10:36:01 AM

Post# of 16316
Santy, But the date of record is not until Wed. 12/31. If someone sold their shares today, even though it is after the ex date, they would not be holders of record qualifying for the dividend. That's why I think they wanted to use the divy to stem the EOY sell off that most longs will be considering. There was a brief window after the divy announcement whereby a BAGholder could have dumped their shares for a tax write-off waited the mandatory month and bought back in with cheaper shares that qualify for the divy. Those playahs get both the tax write-off AND the divy. I think it's too late for that now, though. As I read it you'd have to hold until 1/1/09 to qualify for the divy. That 12/31 date of record is a bear trap (literally,lol.

IMO



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