Seeking Alpha
  • Ocean Man
    My longtime followers will remember the $CLCT play. Buy on dividend announcement, sell 2 wks later, capture div runup. Worked for 20% again.
    5/14/13
    Reply (21)
    • Ocean Man: That makes 9 of the past 11 quarters that it has worked, for an average gain of about 12% when it works.
      5/14/13
    • Ocean Man: The two times it didn't work included a not so big deal 3% drop, and a pretty big deal 25% drop.
      5/14/13
    • Ocean Man: It took 3 months to recover the 25% drop, but it did recover it fully if you were willing to hold and wait.
      5/14/13
    • Ocean Man: So you could say it has an 82% track record of making you 12% in 2 weeks, with a max loss of 3% when it doesn't work. A good bet imo.
      5/14/13
    • mrmedusa: Next dividend announcement should be end of July, then? I'll keep some powder dry.
      5/14/13
    • hukaka: Thank you for sharing. I waited and recovered most of that 25% drop, but did not play this quarter. Hopefully will follow you next quarter.
      5/14/13
    • dbtunr: the 25% drop was due to short interest increasing by a large amount over a short time period.
      5/29/13
    • dbtunr: set to announce next dividend next week. The stock has made a huge run already this month of 12%. Knocking on 52 week high.
      7/17/13
    • Ocean Man: Yeah, not sure I like it as much when it does that, although markets are at highs too.
      7/17/13
    • dbtunr: don't forget the huge (900K) short interest which is well under water. Short Squeeze
      7/17/13
    • dbtunr: $CLCT huge short position has started to cover. down 240K in short interest in last report. Stock moved from $13.25 to $15 in that time
      7/25/13
    • dbtunr: $CLCT new 52 week high hit today. Will announce next dividend next week
      7/25/13
    • Ocean Man: Up 63% from December.
      7/25/13
    • mrmedusa: Would you expect the same then with the run-up after the announcement? Seems it's run up nicely already
      7/25/13
    • Ocean Man: Agree, that gives me less conviction towards a further dividend run-up.
      7/25/13
    • dbtunr: even with the huge short interest that started covering? they really don't want to pay the divdiend
      7/26/13
    • dbtunr: $CLCT you guys are missing a fantastic short squeeze
      7/26/13
    • dbtunr: $CLCT 32.5 dividend declared, x-date Aug 14, current price $15.98. up 20%+ MTD, 600K+ shorts all under water
      7/31/13
    • dbtunr: $CLCT up 7% since dividend declared. Shorts are covering.
      8/5/13
    • dbtunr: $CLCT up 8% for this dividend period after a huge run up prior to the dividend announcement
      8/13/13
    • Ocean Man: Congrats dbtuner. I didn't play it this time, but I'll post the results to keep a running tally of the play's success.
      8/13/13