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The Investor Challenge / Ex-dividend date bug or luck?
« on: July 15, 2014, 01:27:09 pm »
Hi Patrick,
I bought 1918 LEWIS shares at R66.95 before the LDT (2014-07-11) and sold the shares at 08:42:05 on the Ex-div date (2014-07-14). What I expected was that the share should have immediately dropped to a lower value on the Ex-div date which was suppose to be near the R64.00 value... not sure... But it went through as R66.90. This means that I got the dividend while selling my shares at a higher price than the market.
I think this happens due to the 15 minute delays? Maybe you should add something that ensures that shares can't be sold for the previous value? especially when it is that share's ex-dividend date?
Not sure how this happened.
I bought 1918 LEWIS shares at R66.95 before the LDT (2014-07-11) and sold the shares at 08:42:05 on the Ex-div date (2014-07-14). What I expected was that the share should have immediately dropped to a lower value on the Ex-div date which was suppose to be near the R64.00 value... not sure... But it went through as R66.90. This means that I got the dividend while selling my shares at a higher price than the market.
I think this happens due to the 15 minute delays? Maybe you should add something that ensures that shares can't be sold for the previous value? especially when it is that share's ex-dividend date?
Not sure how this happened.