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» Allstocks.com's Bulletin Board » Swing Traders » What I am watching as Swing trades (Page 104)

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Author Topic: What I am watching as Swing trades
Morpheus
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ahhh...the dow is now down over 100...huh?
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SoAngel
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Now... I would REALLY like to get into something today. Determining whether or not to go bull or bear is the interesting part.
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R1 Man
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I got greedy and saw a high volume bid at $2.90 on F and changed my sell to $2.92 trying to squeeze that extra penny. Doh....I knew it would drop back down and was planning on selling and buying back in. But going to hold it overnight again. I think this will pop huge....saying $4.00+ range this week.
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SoAngel
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Picked up some UYG again * 4.97.

Things are bouncing all over the place. I am just going to sit on it.

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Morpheus
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at this point..im thinking 2-3 days ahead for the short term...im playing down today..down thursday..up friday..that is what history tells me..things usually go up on friday recently..check it out and tell me if im wrong..
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SoAngel
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It is like ... as soon as I buy, things go red. I picked up more UYG * 5.03 and INSTANTLY, it dropped back some [Smile] lol
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SoAngel
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Is this a fake out or are we going to see a green rally here ?
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Morpheus
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i go uout and wah my car and 30 minutes later..were up 80 points..geeezzz..this is capitulation at its finest..
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Morpheus
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LVS is kickin so A-Ho today..gap down and claws its way up 15%+ so far..its looking like its headed much higher too..im a buyer on any pullback
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SoAngel
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Financials looking strong right now, but I am planning my exit on UYG...
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Gary59
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Well just my friggin luck I had to leave and help my brother put a set of trailer lights on and missed the dip at 2 .....SOAB...Might have one more today or even close red today not sure by the looks of it
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Gary59
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Legg MAson says this is the bottom,,,,,,just on CNBC ,,,,,yeh right....
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Morpheus
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we are in the last hour..what game are comming our way now??
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SoAngel
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Out of UYG at 5.17. Wish my sell order would've filled at 5.25, but it was already heading down at that point. Now it should really take off! (since I sold).
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Gary59
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back in the red again , but the way its been running flip a coin,,I am looking at TNA at 25 ..
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SoAngel
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Okay, I am stepping away until closing time.

Good luck!

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Morpheus
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for you dudes that like to play really BIG swings..here is one that i own 2000 shares of and am contemplating buying more of PGPDQ..buyer beware
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Gary59
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OK just got 150 sh of TNA for a quick flip in at 26.91
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Gary59
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OK now out of TNA at 27.40 only 60 bucks shoulda held but gotta leave in a minute
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Gary59
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A Littlle patience would really help me with trading,,just hit 28 for a minute..
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Gary59
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Hey Morpheus , I was watching PGPDQ before the q, a feew weeks back that one does get interesting.....AARRGG TNA 28.40 ,,,,5 minutes worth of patience would hellp me trade but I am leary of that one still , that is where I lost big 2 weeks back was TNA ,, so kinda gun shy..
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R1 Man
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quote:
Originally posted by Gary59:
Hey Morpheus , I was watching PGPDQ before the q, a feew weeks back that one does get interesting.....AARRGG TNA 28.40 ,,,,5 minutes worth of patience would hellp me trade but I am leary of that one still , that is where I lost big 2 weeks back was TNA ,, so kinda gun shy..

Gary,

Any stock you lose money on you should not touch for 45 days or its considered a WASH SALE. Result is you can't claim the loss on your taxes.

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R1 Man
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quote:
Originally posted by SoAngel:
It is like ... as soon as I buy, things go red. I picked up more UYG * 5.03 and INSTANTLY, it dropped back some [Smile] lol

Make sure you post what your going to buy so we can SHORT it. [Big Grin]
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Gary59
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R1,, on the wash sell , I thought that a wash sell was selling at the ssame price you bought , and losses are still combined as losses at tax time,,,(man I could barely type tax time), so you are saying that if I trade the same stock at a loss I have to wait 45 days to trade it again?What about re-gaining loss? Does that count against you if you cant take the loss in that 45 day period do you have to pay gains as well?Seems like a double edge sword on taxes to me...
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Gary59
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This is interesting F and GM is trading DOWN pre market , Is anyone going to play either of these this morning?
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T e x
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quote:
Originally posted by Gary59:
R1,, on the wash sell , I thought that a wash sell was selling at the ssame price you bought , and losses are still combined as losses at tax time,,,(man I could barely type tax time), so you are saying that if I trade the same stock at a loss I have to wait 45 days to trade it again?What about re-gaining loss? Does that count against you if you cant take the loss in that 45 day period do you have to pay gains as well?Seems like a double edge sword on taxes to me...

here ya go:

quote:
In general you have a wash sale if you sell stock at a loss, and buy substantially identical securities within 30 days before or after the sale.
from:

http://www.fairmark.com/capgain/wash/ws101.htm

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Gary59
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Thanks Tex I will have to check that out..
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Gary59
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Looks like another roller coaster ride in the dow this morning,,30 minutes ago the dow futures where only down 25 point now down 150 ...It did this yesterday as well.. I wonder if we will have the same type of day red, green ,red, green..
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Morpheus
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i got tons of FAS..so for me..down is good..gonna buy more possibly close to the open
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Morpheus
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not FAS...its FAZ the inverse is what i have,,i also have a bad case of fat finger ..
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Morpheus
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Garyt..there is still a good chance of no bailout just to get rid of the union contracts and other non production issues of the car co's..

http://www.bloomberg.com/apps/news?pid=20601087&sid=aMTynXWxak9I&refer=home

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Gary59
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Morning Morpheus , I am looking at TNA again..
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Gary59
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ING up .40 this morning
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Morpheus
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picked up 50 share of FAZ * 55.75 now at 450..crossin my fingers..
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Gary59
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I am still on the sidelines waiting to get into something..
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