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noquit

12/29/08 7:06 AM

#9455 RE: shortsinthesand #9454

Then again, another dividend in three months hence!
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cardinalstlouis

12/29/08 8:34 AM

#9458 RE: shortsinthesand #9454

wasnt a whole lot of buying so not sure how much selling, could be the opposite , as it has possibly bottomed .
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polkamatic

12/29/08 10:36 AM

#9465 RE: shortsinthesand #9454

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