Nasdaq Support and Solar Stocks 121907
It’s morning and the market is gapping up. I tried posting last night, but had problems. The QLD I held over had an ex. div date today the 20th, which I didn’t realize.
XIN is down for the 7th day, and on the bounce list.
As for my comments last night…
It’s a stock pickers market out there. Today’s range on the Nasdaq tightened to form a nr7 trading setup, with a higher high on the daily chart. It also put in a higher pivot low, and is attempting to hold above the 200 dma.
I bought QLD near the end of the day, and will use today’s low as a stop.
Solar stocks are still momentum trading leaders. LDK had earnings tonight, and was trading down after hours. JASO, a leading trader in the sector, had a nice setup today on the 5-minute chart. This solar stock found support at the 200ma soon after the open. This was followed by relative strength, and another pullback. Entry came on the higher high candlestick. A stop was placed under the pivot candlestick. FSLR, CSIQ, and STP make up the other five solar stocks on my screen.
December 20th, 2007 at 10:17 am
Hi,
I bought QLD near the close yesterday, also without realizing today is the ex-dividend date. So if I’d sell today, or any day before the record date (24th), or the payable date (28th), would I still get paid the dividends? Or, do I have to hold pass either of those 2 dates to get it?
Thank you for your information.
Rob
December 20th, 2007 at 7:20 pm
Hey Rob,
You can sell on the ex-dividend date (today), and still get the dividend.
This site explains ex-div in more detail.
http://www.sec.gov/answers/dividen.htm
“If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.”
Mike
December 20th, 2007 at 8:54 pm
Thanks a lot, Mike.
December 20th, 2007 at 9:15 pm
No problem