Get dividends while U R short!!
#1
Posted 03 April 2007 - 02:19 PM
#2
Posted 03 April 2007 - 02:44 PM
Boy, that's great. Free Lunch.
#3
Posted 03 April 2007 - 02:49 PM
#4
Posted 03 April 2007 - 03:07 PM
QLD paid $5.421 on Dec 20.
Buy 'em both and be up $6 with no risk?
I believe the stock price reflected the ex-dividend on both.
Some here were a little concerned the next day when their stock "fell":
QLD 84.78 ????
mikie007: Dec 20 2006, 10:32 AM
What happened overnight? Future shock of Thailand Bank type event or USD Devaluation here? Or, what did I miss and screw up on again! All I wanted to do is get out after a gap up open this AM.
Iblayz:Since I am holding QID I recognized this instantly as the QID dividend. He was holding QLD which receives a dividend of .10837, a Short Term Capital gain of $5.13986 and a Long Term capital gain of .17313. Total =$5.42136. That gap down threw a lot of people off including me at first on QID. I guess the bad news would be for those that just bought QLD. Unless I have it wrong they bought themselves an instant Short Term Capital gain that will be reported to the IRS even though the share loss will offset it.
mikie007: Dec 21 2006, 01:50 AMThank you for the pointer and tax analysis of my less than favorable QLD trade outcome. That explains it very well and something all should keep in mind for the future. Not quite the Christmas present I was expecting. However, live and learn. for a day without learning something new would have been wasted.
REGARDS,
Mike
Edited by Rogerdodger, 03 April 2007 - 03:18 PM.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#5
Posted 03 April 2007 - 05:03 PM
#6
Posted 03 April 2007 - 08:32 PM
http://finance.yahoo...1...p;g=v&s=oih