Dividend reinvestment is a loser bet in my opinion

The reason I dont reinvest dividends is that I feel its a rippoff.

Consider the fact that you are locked into buying stock on 1 day and 1 day only, every 3 months.

Now consider the fact that the specialist who controls that stock knows he has probably 1 million people who will buy at least 1 share of stock on that day.

Tell me why that specialist won't jack the price up on that day, after he dropped it a few days or weeks before when he accumulated shares.

Every dollar he raises the price is a dollar pure profit on a million shares.

I have traded this specific trend and made a profit for many years.

A real example of this is cat in aug of 2007 and or Nov of 2007.

NOTICE how the price dropped within a couple days of the ex div day.

That was the specialist covering short sales he made on the ex div day.

This is only my opinion.