10/11/2012 Live Update

[Tabby]

Ex-Dividend

The period in which the stock is considered to be trading without dividend. Commonly the interval between the ex-date and the declaration date of the next dividend announcement.

Ex-Date

The date in which a stock no longer trades with the dividend, distribution or dividend rights. On the ex-date, the stock trades ex-dividend
Please call your Brokers office. Don't take my info as face value.

[MrMiyagi]

Ex-wife

She takes your Ex-dividend because of your Ex-date.

[Petsamo]

This month ex divident was 10/9/2012. PIMCO has monthly dividend payment, the date of record is 10/11/2012. It is missed for this month to get dividend.

I don't understand the statement. Are you saying they're gonna skip this month's dividend payment ?

In order to get dividend, you must buy it before the ex divended date. You have up to closing date of 10/9/2012 to be qulified for dividend. you must hold till the record date 10/11/2012 to get your dividend. It will pay by Nov ,1,2011. If you sell it sooner ,you won't get anything. All dividends have Ex divident, Date of Record and payable date timeframe. you won't get this month dividend if you didn't buy it in the morning 10/10/2012 and after. I am going with Scottrade Ex dividend date.

I got a stock dividend with a stock I held 1 day. I think it was JOY.
I also got a dividend with IWM recently. I didn't pay attention to the payable date. I sold it before then.
If I can get a gain on PHK, I may ignore the date of record & payable date.
Estimated dividend is only 12.2 cents, based on previous dividends

[TraderJoe]

You do know that all stocks DROP by the amount of the dividend on Ex dividend day..

[MrMiyagi]

[Tabby]

Ex-wife

She takes your Ex-dividend because of your Ex-date.

I got rid of all my Exs with my Ax.Just kidding

[quientuves]

Ex-wife

She takes your Ex-dividend because of your Ex-date.

I got rid of all my Exs with my Ax.Just kidding

Could be worst... you could change your ex into an ox.

[Petsamo]

You do know that all stocks DROP by the amount of the dividend on Ex dividend day..

Yes.
If it follows the market and the market gaps up, the drop is less, if there is a drop.
I'm familiar with stock dividends because EWZ (Brazil) is my default stock (ETF).

[Tabby]

Ex-wife

She takes your Ex-dividend because of your Ex-date.

I got rid of all my Exs with my Ax.Just kidding

Could be worst... you could change your ex into an ox.

[gappy]

wr34.png

Williams R 34 likes to bounce there ~ 141.7.

[TraderJoe]

You do know that all stocks DROP by the amount of the dividend on Ex dividend day..

Yes.
If it follows the market and the market gaps up, the drop is less, if there is a drop.
I'm familiar with stock dividends because EWZ (Brazil) is my default stock (ETF).

In a bull market, playing dividend stocks is a WIN-WIN.

Do research and buy the good dividend stocks prior to there dividend announcment. If the dividend has been raised, the stock pops, you sell and make a nice profite. You can usually turn the stocks in 2 to 3 days.

[MrMiyagi]

Okay okay okay.... back to work...

Bounce to the close? Printer on Benny?

[Jack12]

Okay okay okay.... back to work...

Bounce to the close? Printer on Benny?

Snooze Hour

[Petsamo]

You do know that all stocks DROP by the amount of the dividend on Ex dividend day..

Yes.
If it follows the market and the market gaps up, the drop is less, if there is a drop.
I'm familiar with stock dividends because EWZ (Brazil) is my default stock (ETF).

In a bull market, playing dividend stocks is a WIN-WIN.

Do research and buy the good dividend stocks prior to there dividend announcment. If the dividend has been raised, the stock pops, you sell and make a nice profite. You can usually turn the stocks in 2 to 3 days.

It'll depend on whether you think we'll gap up or down. If you think we're gonna gap down, I prefer to get the price after the drop. That way, I won't have to worry about dates of record & payable dates.

[jarbo456]

Anyone watching treasuries?

Buy PHK is you want dividends.
PHK has a dividend yield of 11.7% (annualized)
TLT has a dividend yield of 2.56%

Ouch. here is some bad advice.

PHK is currently trading 45% over NAV (Net Asset Value). It is a closed end funds comprised of bonds. I would NEVER pay 45% premium for bonds, especially in this kind of low yield environment.

EDIT: http://cef.morningstar.com/quote?t=phk

petsamo, i like you man, but i have to agree with agunther here, though not totally agree with his argument.

PHK is NOT a substitute for TLT.

apples and oranges. look at the holdings that make up each, and 'nough said.

i'm not a big fan of CEF's in general, although a general rule of thumb is to avoid those with such a high premium to their NAV. avoid those at a tremendous discount as well, although i personally favor the latter.

PHK drives it's high yield through lower grade credits and duration. most credit analysts will argue against holding duration risk at this point in time. i've done a fair amount of looking at PHK and a number of other "high income" or "income oriented" bond funds (tax free income funds as well). i think they have a place in a portfolio, but it's not in PLACE OF TLT IMHO.

as a note, this is really talking about fairly long term investment decisions, not for short term trades. PHK might be a great short term trade, dividend trade, etc. etc. <shrugs>.

last note - anyone considering these types of "actively managed income focused bond funds" should take a look at their expense ratios which are quite high comparatively speaking.

[ClarkW]

Ex-wife

She takes your Ex-dividend because of your Ex-date.

[jimmythegeek]

25th Anniversary coming up on Monday... 3rd Monday of October.

http://en.wikipedia.org/wiki/Black_Monday_(1987)

It was the 3rd Monday of the month, but I think most everybody associated with it remembers the date of October 19, which is next Friday. That is when you will see all of the news stories of 25 years, especially if we have a down day in the market. Happened to be a market maker in the OEX (largest trading crowd on the floor) at the CBOE on that day. Saw many people who were worth millions the day before disappear from the floor. It was quite common to sell premium to the tune of thousands of contracts, and clearing firms were not that concerned, especially as they collected a few cents per contract from the big hitters in commissions/fees. Some far out of the money put options that were worth a teenie (.06, or $6 each) ballooned up to over $50, or $5,000 each. If you happened to be short a few thousand waiting to collect the last $12,000 as they expired worthless you were suddenly out $10,000,000. I distinctly remember two young hotshots buying calls like crazy with the market down about 250-300 points, loudly proclaiming that the government would step in and reverse it all in some way. I never saw them again. Many clearing firms actually backed the broke traders to continue trading with 1-2 year contracts, as it was the only chance they had of ever getting some of their money back. To put it into perspective, imagine AAPL going from 705 to 543 in one day, or from 632 to 487 by tomorrow. Those 600 weekly puts at .11 would look pretty good to one side of the trade!

[MrMiyagi]

Feels like a down Friday from where I sit. Today's bounce started strong and would have kept going but it has , so far, whimpered into a corner.

[TraderGirl]

Everything is sitting at resistance support levels...

[happychen]

where is Cobra?