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» Allstocks.com's Bulletin Board » Swing Traders » What I am watching as Swing trades (Page 105)

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Author Topic: What I am watching as Swing trades
Morpheus
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gary...it all depends on ...which way you believe the market is headed this am..logic says down..but that would make way too much sense..
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Gary59
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I had an ord in for TNA at 26.50 ,didnt hit a after open,, still have an ord in 26.50 but might have to raise it considering the market looks like its coming back down again
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Morpheus
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the car co's CEO all drove to the congress meeting ..2 of them have yet to show up and the meeting is starting..NOT a good showing of responsibility..
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Gary59
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There is a lot of neg news on the auto loan , but they keep stating that F will not need money unless the economy gets much worse , So F is the only one that I have been trading, I do not have any now just watching , but might grab a few if it dips big again..
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Gary59
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back to green again, good lord where are we going here
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Morpheus
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as each minute ticks off this am..im really feeling im totally on the wrong side of the fence..blah
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Gary59
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Hold on to your ass I am going out to have a smoke..back in 5
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Morpheus
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gary..yeah..same here..its a good play..also..I was all over M this morning..but with the premarket negitive buzz..i held off and now that is a big mistake too..not a good morning for morpheus so far
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Morpheus
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the entire housing sector is kicking A today..BZH CTX LEN to name a few..this is due to the mortgage spin on the news lately..were tied up in the car BS and other crap to really pay attention to other sectors..X is kicking A too
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Morpheus
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moving up to the front of my radar today..BZH KBH LEN JWN ANN TLB M SKS these are all big players today and the days to come..
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Gary59
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TLB is kickin azz this morning
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Morpheus
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picked up another 50 shares of FAZ 51.50
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Gary59
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OK throw your arms up and yell weeeeeee heading back in the red again,,
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Morpheus
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im really with the bears today..but its just not happening ..so far
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Gary59
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Well you will be ok in about 15 minutes bernanke is going to be talking again on housing sec,, expect them to head down..
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Gary59
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OK just got 150 sh TNA at 28.34
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Morpheus
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gary..if you got TNA..then that is definate conformation the market is headed lower..now alls we need is for soAngle to put in a buy on UYG and that would make me a rich man..he he [Wink]
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Gary59
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Now I need to see the dow back in the green to get out of TNA around 30..
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Gary59
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Thanks for the pat on the back Morpheus.. [Big Grin]
ANd DOW did take a red turn a few minutes after I bought..

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Gary59
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I am interested in what F and GM will do now,, not going to touch it but want to watch..
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Gary59
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Another good call Morpheus I am back down in TNA .. [BadOne] Bouncing a lot though..
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Gary59
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ERY has moved more today than it has in a while.usually that one does not move that much but today up 4.88
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Morpheus
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i looking into buy shares of dunkin yo-yos..the way the market is going up and down..it must be some sort of sign from above
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Gary59
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I wonder now if this day is going to at least bounce back to the green for a few minutes today before close
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Gary59
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quote:
Originally posted by Morpheus:
i looking into buy shares of dunkin yo-yos..the way the market is going up and down..it must be some sort of sign from above

Either that or the pharm that sells sea sick pills
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Gary59
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ERY up 7.59 today..Guess now thats where I should have gone..
SHoulda woulda coulda [Razz]

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Gary59
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How low can we go....(limbo music) [More Crap]
I might go join R1 for a margareta now

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Morpheus
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picked up another 50 shares of faz..im a total idiot today..paid 49.70
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Gary59
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Only 1 hour and a half to see if we get into green again,,Almost got out but would have been a wash , still think we will get green high enough that I can make 50-100 today..
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Gary59
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Well we hit green for a minute ,, TNA hit 28.71 ,, But I am thinking we are going to have a nic green run BEFORE EOD shakeout..My Opinion..And Hope
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SoAngel
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Sorry, no UYG for me today. I actually got all stupid and bought some FAZ earlier at 51.75.
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Gary59
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Hey SOAngel good to see you here today, been kinda slow today and everyone has motion sickness from this ride today..I think that if TNA hits 27 again I am going to ave down a little ..Hope I didnt Jinx myself by saying that
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SoAngel
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Gary59 - Yeah, I just stopped in to see what is going on. I would've been out of FAZ earlier at 54.00, but I am out of of daytrades [Frown] so I am sitting on it at least until tomorrow.
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Gary59
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I know the fealing , I only have one left and it will be gone today so tommorow will be a weekend hold , or might just be in cash for monday..
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R1 Man
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quote:
Originally posted by T e x:
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

Thanks T E X.

Well off to work....good luck all. Still holding [BadOne]

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