dividend stripping

one technique which i sometimes use for buying short term stocks is known as "dividend stripping".

this means buying the stock before its dividend record date, and selling not too long after.

the idea is that often after the record date, the share goes down in price less than the dividend amount, thus you gain a little bit for nothing. of course it could also go the other way, but its a technique i have used succesfully in the past, so im looking for another one.

for this i have looked at the NZ property sector. this sector tends to be less volatile than others, and it pays good dividends.

I have narrowed my search down to ING.NZ - ING Property Trust , which is currently at $1.15, and has a divie record date of 25th of november. which means i have just over a week to find the best time to buy.