If I hold NYX short after the ex-dividend date do I have to pay a dividend of whatever the amount the company pays to whomever I borrow the shares from?NYX has a EX-dividend date of 03/11/09 should I cover todat so I don't have to pay?
dividend is peanuts compared to the money you can make shorting this pig.
"dividend is peanuts compared to the money you can make shorting this pig."well I'm not that greedy, If I have to pay a dividend my profit is cut 35% but I would love to hear your input why NYX is such a real pig? If it is a pig shouldn't be in business lets short it to zero and transfer all the stocks from NYX to NASDAQ for free ;-) although I cover this morning at the opening , now I'm happy!
thanks for the reply! Can I wait "till Monday to cover?