Ether_Snake
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CRDN up 4% so far.
kathode said:AMGN up 12%! I hope RSTEIN got out of those puts in time.
RSTEIN said:Nope! I sold for a $5,000 loss but repurchased later month puts.
kathode said:Damn you are not an AMGN fan :lol
hermeez said:Anyone mind giving a newbie some advice?
I bought WFC in the middle of July when it fell to the low 20s (bought at 22.70) and now it is up to about 30-something... should I be selling now, taking the ~35% profit, and hoping that it falls back down to re-buy later? My initial plan was to invest in a few well known, big companies and hold the stock for a while, but I did not anticipate this quick jump (mostly due to their earnings, I assume). I don't think the housing mess is over and their all time high is around 38, so would it be a good time to put in a sell order and create a new buy order for a really low price and hope it goes through sometime in mid-August? Any guidance would be appreciated!
kathode said:Basically depends on how much of a trader you want to be. If you sell now, you're looking at the gain being taxed as income. So whatever your income is, you basically just add this into it and it gets taxed like anything else. If you hold it for a year, you pay capital gains tax instead, which is 15% if I remember right. So probably significantly lower than your income tax %. So you just have to weigh your gains and potential tax bill right now vs. where you think the stock will be in a year's time and your potential tax bill then. Those are really the only factors unless that stock pays a dividend, which can help weight things a bit in the "hold" direction.
RSTEIN said:HOLY SHIT! AMGN IS ACTUALLY DOWN TODAY!
IT'S A MIRACLE!
kathode said:And it ends positiveBut only barely.
Solar cell maker First Solar Inc (NasdaqGS:FSLR - News) reported a 57 percent increase in quarterly profit on Wednesday, blowing past Wall Street estimates as higher-than-expected production from a new plant in Malaysia helped it meet surging demand.
Ether_Snake said:EDIT2: NTDOY tanked 5% today, didn't see that.
EDIT3: Holy shit, THQI down 10.59% in AH, on top of today's -2.19%. Not surprised tho, but I remember them trading in the mid 20s a few months ago. Plus, I don't even see them as having much potential for being bought out, they'll go the way of Midway IMO, always lower.
RSTEIN said:And... the only stock up in the entire world right now is... AMGN
HULK ANGRY HULK SMASH
Ether_Snake said:Anyway we all realize we keeping heading lower and lower right? I want a turn around, I want to see the dow back at 13000.
dionysus said:I've made 30% in 3 days on ABK. What should I do? I have a huge tolerance for risk. I am thinking I ride to 0 or 10x returns.
MobiusPigeon said:ok i know that many of you have waaaaaaaaaaaay more knowledge about the market than i do so i need some serious help. I'm thinking about going pretty much all in on Wamu. I've been picking up shares from $12 downward and i now have 1400 with less than a 2% loss overall. I sold everything else i had with the exception of 75 shares of visa that i've had since ipo.
I'm soooooooo thinking about going all in on WM. should i do it? is it wise? As a joe blow the way i see it is hey they have billions in reserves and have been around years. that ALL i know and is why i'm in. from the more knowledgable end, whats it look like? jump in or just hold where i am? thanks!
thanks! my thing tho is the price is so low now! i cant see it dropping much more. buy low sell high! some investment fund revealed their stake today and i see that as a nice anchor.sonarrat said:WaMu will come back, but wait for it - and the rest of the market - to start coming back before you put any more money in it.
MobiusPigeon said:thanks! my thing tho is the price is so low now! i cant see it dropping much more. buy low sell high! some investment fund revealed their stake today and i see that as a nice anchor.
sonarrat said:The bulls are saying the crisis is over. They are probably wrong, because the housing market is declining faster than ever in high-value areas like San Francisco and New York City where there is a lot of money to go around.
MobiusPigeon said:i just placed the order. out of V, all in on WM for a total of 2400 shares. :lol if any news pops up before i go to bed around 3am i can always cancel but i dont think i will. if they reach their old highs again i'll make 100k. OMG
sonarrat said:I'm investing in TMRFX (Third Millenium Russia). The fund has an unbelievable record, 32% average annual gain over the past ten years and still on the rise though extremely volatile. It makes sense - they have an absolutely huge amount of oil and coal, and they can get it to China very cheaply. They're putting a lot of money into new infrastructure. I think this will be an awesome long-term investment.
kathode said:RSTEIN, let me know next time you buy more AMGN puts because I want to buy some calls at the same time :lol
I bought some MMM calls. Down a bit but coming back!