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May 13, 2010
Edited: May 13, 2010
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I wrote blog on NLY as a divideny yield play. I have been buying and selling NLY for daily spread of $12 every day. i have been averaging $7 per day - my commisions are low like $1 per 100 shares. meaning $9 spread gives me $7 - enogh to buy lunch. if I trade 150 days - can it make 150 X 7 = $1050. Say I take losses on some days i can still come out ahead by $400 reasobanly in a year on $1600 investment. If you time it right buy 10 days before Ex -dividend date and ride the upside of about $40 average and sell a day ahead of ex-dividend date. Go short on day after ex- dividend date and figure out how to trade the stock.
You will be surprised at the kind of return one can make by being smart and doing home work. Please spend more time planning a trade for any stock. Pre set notions work some of the time. Every stock has its day.
You can be short or long BWLD in a given time frame.
As I say - is it hard work - it all depends compared to whar?
Happy trading