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29-10-2012, 08:34 PM
A
Wing Tai Holdings will conduct her AGM tomorrow, 30th Oct 12 and if approved by her shareholders, she will pay a dividend of $0.07 per share (usually approved).
Today its share price is trading at about $1.71 so it works out to a yield of 4.1%
Quite often when the CD appears, its share price runs up until XD and usually more than its yield.
So I’m trying my hand on “Trading before Ex-Dividend”.
This morning I bought the shares at $1.71 and I may sell it before XD if it is profitable, if not then I’ll keep the stock for a while until it is profitable.
As an Investor, I normally don’t trade but when the probability is favorable, why not?
29-10-12 E&O
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(29-10-2012, 08:34 PM)Retired@52 Wrote: A
Wing Tai Holdings will conduct her AGM tomorrow, 30th Oct 12 and if approved by her shareholders, she will pay a dividend of $0.07 per share (usually approved).
Today its share price is trading at about $1.71 so it works out to a yield of 4.1%
Quite often when the CD appears, its share price runs up until XD and usually more than its yield.
So I’m trying my hand on “Trading before Ex-Dividend”.
This morning I bought the shares at $1.71 and I may sell it before XD if it is profitable, if not then I’ll keep the stock for a while until it is profitable.
As an Investor, I normally don’t trade but when the probability is favorable, why not?
29-10-12 E&O
IMO.
This type of short-term or similar trading strategy will usually works. But all of what you gain from this activity is usually not worth it when Mr. Market turns suddenly (you could have bought at a much more lower price then, therefore better margin of safety and future selling price ). Or on hindsight you should have held the stock longer when Mr. Market keeps on going North.
Another words no matter what you can't outsmart Mr. Market. But i admit i may do the same thing every now and then. Why? It's just irresistible to think you are smarter than Mr. Market. i think it happens to everyone of us who have invested long enough in the market.
Ha!Ha!
That's part of the fun in investing - Losing and winning "small' money.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Q1 FY2013 result is much better than the Corresponding Period.
Looks promising!
See Ngcheeki’s posting under the heading: “Wing Tai Holdings Limited”.
Hello Temperament,
I fully agree with what you wrote. I made from investing, not from trading. I'm only trying on this counter for some spare cash for coffee.
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(30-10-2012, 07:57 PM)Retired@52 Wrote: Q1 FY2013 result is much better than the Corresponding Period.
Looks promising!
See Ngcheeki’s posting under the heading: “Wing Tai Holdings Limited”.
Hello Temperament,
I fully agree with what you wrote. I made from investing, not from trading. I'm only trying on this counter for some spare cash for coffee.
Ha! Ha!
Yes! Sometimes i think i can have free coffee too.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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