Buy @ $3.65 and $3.64. Finally, after so many years of trying, I managed to sell high (before xd) and buy low (after xd). Sold one week before xd @ $3.91 (but hit high of $3.94) and with dividend of 17ct, theorectical xd is $3.74 ($3.77 for hi). So, some cheap thrills here as the difference is only 9ct for me and it may drop even further as market is weak, STI -28 @ 2700 with SPH -5ct. Seller CP – UBS. 😀
For my own future reference on how this method may work again,
- Focus on a stock you don't mind holding long term
- Market have to be weak and volatile
- Fundamentally strong companies eg. SPH
- High dividend payout, especially those stocks who pays dividend only once a year or for those who pay twice, then usually during the higher year end payout
The trick is to sell before it goes xd as the share price will hold well, even though market may be very weak. Once it goes xd, the chances of the share price dropping more than the dividend payout is very high, especially over a few days of continued weakness.