The fee I was referring to is the e-gold fee after selling your shares and getting the spent credited to your account.
Ah, good one. However ISL (understandably :) ) uses 1mdcGrams ... so no spend fees.
Spend 12.345 grams, get 12.345 grams
(You seem to be able to use 1mdcgrams, pecunix, ebulllion, goldmoney or egold at DBOURSE. In fact on their faq page they assert that all those have been popular)
And then there is something else *some* traders love to do. If some smaller outfits were rustling arbitrage cattle, these traders would suddenly short the stock in huge quantities just as the dividend was being paid, catching the cowboys with their pants down.
Indeed, talking about "normal" large NYSE type stocks, you can, and program trading does in the billions, somewhat confusingly short a stock around the dividend. (You don't, of course, get the dividend if you've loaned it and sold it to short it, but you make a few pennies if it goes down "as it should".) As with all arbitrage, under volume all the pressures equal out (call Black & Scholes!) between the people trying to pick up the natural fall and the people capitalizing on it to pick up the dividend, people capitalizing on the squiggle in the volatility via options, etc cetera :O
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