• Ocean Man
    Many of my followers know about the CLCT play - it is back on! This play has returned an average of 10% over the past 5 quarters.
    7/30/12
    Reply (19)
    • Ocean Man: The price is at a nice low starting point right now too. The dividend was announced this morning, same as previous quarters (no cut).
      7/30/12
    • Ocean Man: The play is to buy CLCT the day they announce the dividend, ride the dividend run-up, and sell the day before ex-div. This is a 9% yielder,
      7/30/12
    • Ocean Man: popular with dividend chasers and dividend captures. Using daily lows from buy-in to daily highs at sell, over 10% return avg over last 5 Qs
      7/30/12
    • Ocean Man: Best was 22%, worst was -3%. Note: I usually lighten up the day before their earnings report, and rebuy the day after to avoid earnings risk
      7/30/12
    • Ocean Man: Ex-div is Aug 15th, so this is a 16-day play.
      7/30/12
    • BTD70: Thanks for update--looks excellent now! Need to close NLY short first, not quite ready to do that.
      7/30/12
    • chuckholladay: Hell of a spread between bid and ask.
      7/30/12
    • Ocean Man: I'm in at 14.26.
      7/30/12
    • bradyc: 14.34
      7/30/12
    • bradyc: look that CLCT into close
      7/30/12
    • Ocean Man: Oops, I'm in from 14.34 and 14.26.
      7/30/12
    • bradyc: followed 14.34 :) let's rock this again
      7/30/12
    • Dr. Kris: Did this work in May? The stock was down quite a bit before the May 16 ex-date. This strategy could probably work for a number of hi-div stx
      7/30/12
    • Ocean Man: It was working in May 15.40 ---> 16.60, then dropped on a sub-par earnings report back to 15.45, thus my earnings comment above.
      7/30/12
    • BTD70: @ 14.36.
      7/30/12
    • Ocean Man: I keep looking for other high-div stocks to apply this to, since it works so well for CLCT, but I haven't found any near as profitable.
      7/30/12
    • BTD70: NVS is good, but can only do that once a year! Been looking myself.
      7/30/12
    • BTD70: I wonder if one-time special dividends would work.
      7/30/12
    • Ocean Man: I've tried it with special divs, rarely works.
      7/30/12