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My Dividend Capturing Strategy - Day 17 5/30/17

|Includes: CHL, DTEGY, Ellington Financial LLC (EFC)

After a nice, long weekend and one where we honored those who have served and those who are currently serving our country. My hat's off to all who do.

Today in the market, I sold one stock and bought two. Here's what happened today:

1) Sold EFC (Ellington Financial) @ $16.57, $.30 less than I paid for it. The dividend is $.45 so on the 444 shares, netted $66.60 on the captured dividend.

2) Bought CHL (China Mobile) - 136 shares @ $55.42. The dividend to be captured is $108.80. The stock ended the day at $55.56 so I'm up $.14 when the market opens in the morning.

3) Bought DTEGY (Deutsche Telekom) - 379 shares @ $19.76. The dividend to be captured is $250.14. The stock ended the day at $19.82 so I'm up $.06 when the market open in the morning.

I don't have a stock to buy tomorrow as no stock made it through my screener. I have one stock to buy on Thursday and three for Friday.

After 17 days of trading this strategy, this portfolio is up $1,281.20 for a $75.36/day average. Well below my goal of $100/day but still encouraging.

Until tomorrow, happy trading!
Dan Gaskell

P.S. I would love for you to follow me as you can get all of my posts delivered directly to you. Just go here to follow me.

P.S.S. If you missed the blog post about my 20 rules for dividend capture strategy, here's a link to it.

P.S.S.S. Here's the blog post where I gave the link to all my portfolio trades, past, present and future. Here it is again.