I have played that trade a few times. It is harder then alot of people assume it
is.You have economic,global, and political things to view in relation to the
company you are trading. I start a small position and move in slowly over the
course of time until my position is either full or the time frame is up. It just
makes it easier IMO to start in advance and work my way into that trade.

thats nothing new..chris

i have thought about that,,but u r right ,what if the stock moves down, the
trade would be pointless.plus u have too have a lot of money on that one stock
too make anything off the dividend,,as most companys yeild 2.5% or so ,divide
that by 4 and u r not making too much...when ever i day trade its on stocks i
real like,,aapl ,rimm,chk,,ect....i like too buy a long position in these and
use some side money too buy on the dips and then sell when they pop back 3 or
4%.

There is just better ways to profit from doing quality picks and for plays some
earning plays are just obvious...and work well

Way too many people gaming that, there's no margin left to profit from it.

The stock or mutual fund WILL drop by the amount of the dividend.
AT LEAST.

there's no free lunch