Double A Penny - Step 20 - MFA Trade

How To Double Your Way To A Million In 28 StepsDTAMP - Double To A Million Plan Blog

Made a trade with MFA this week.

I bought it on the Ex-Dividend date, so I missed getting the dividend.

In order to get a dividend you need to purchase the equity the day before the ex-dividend date, at the very minimum, so that you will be on record with the company.

However, their is a risk in doing this. MFA closed at $5.93 on the day before ex-dividend, the next day it opened at $5.71 due to the fact people are selling off after securing the dividend.

Stock usually drop on the ex-dividend date to compensate for the dividend that was paid. I have only begun to study this, dividend aspect of things, and so do not have much collective experiential knowledge regarding how the stocks tend to perform prior to, on and after the ex-dividend date.

Here are the results of the trade I made for DTAMP.

DTAMP Equities Plan Report:

04/08/09 - Buy - 450 shares of MFA @ $5.75 p/s - Total $2587.50
04/09/09 - Sold - 450 shares of MFA @ $5.90 p/s - Total $2655.00Total ($67.50) - ($17.98) Fees = ($49.52)Net Gain of (+1.90722)% in the Amount of ($49.52)

Present Stake: $2663.18

Motto: It is only "one" found penny.
Slogan: As Simple As Finding A Penny.

Regards,

Xinfinitum



This Double A Penny Blog is based upon the Doubling Method "How to Double Your Way to a £Million in 28 Steps". Using the Doubling Rule it is an attempt to "Double Your Way to a Million" by going from one penny to a million dollars, starting from nothing. At the beginning you start by finding a penny and then double a penny until reaching $1,000,000.

How to Double Your Way to a Million in 28 Steps
D.T.A.M.P. - Double To A Million Plan
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