its days like today that make me glad i bought SKF and shorted UYG,
up 18.65% and down 19.84% respectively.

9/30/2008 12:46:26 AM

Just a note for active traders.

There is a real chance that we will see a collapse near the bell. Not a guarantee but look, the quarter is ending. Whatever is on managed funds books is whats going to go out in the quarterly report. Lets say, that Congress looses it tomorrow and decides to kill any chance of a bill.

Financials in particular are going to tank along with Tech. Who wants to have that on their book? Just a thought.

9/30/2008 2:51:07 PM

Not to mention all the day traders who were chomping at the bit to buy after the huge drop yesterday who will be selling before the bell figuring it will tank again soon.

9/30/2008 3:32:14 PM

no sell off - no worry

9/30/2008 4:12:02 PM

hanging on to yesterday's RIMM and CHK for a few more days atleast

9/30/2008 4:45:59 PM

If you are concerned about a $700 Billion bailout, you should realize that today alone, the stock market lost $1 Trillion.

10/1/2008 12:45:13 AM

Dead cat bounce?

10/1/2008 5:49:39 AM

^^ been taking your talking points from President Bush? Nice, that will get you far....

btw, if you actually think that temporarily-lost shareholder value among investors and the gov't pulling money out of our pockets to pay banks is the same thing, you're a fucking douchebag

10/1/2008 7:04:10 AM

just dumped a bunch of my stocks... kept INTC CSCO and GLW

even with CSCO, down just about 7% with INTC and down 25% with GLW (may dump eventually dunno yet)

10/1/2008 11:04:03 AM

buy low sell high

10/1/2008 11:13:16 AM

Damn, I thought it was the other way around.

10/1/2008 11:16:27 AM

looking for buys now

10/1/2008 12:26:00 PM

we jumped 6 percent this morning, then tanked during lunch hour, now up 4.5%

it's so unstable that it's actually pretty stable!

ooh 4.79% now

stock market is crazy, which is why i dont have the balls to play with anything more than the one company i have to trust

4.62%
4.45%

OMFG MY KIDS COLLEGE

10/1/2008 1:14:08 PM

which company

10/1/2008 2:22:46 PM

/me is gonna buy your stock cheap here in a few months, thanks for driving down the prices for me though! (i take a very very long view of the market 20+ years)

10/1/2008 2:34:52 PM

wtf

http://tinyurl.com/52kuhf

10/1/2008 2:52:46 PM

anyone investing in a particular financial before the senate vote tonight?

10/1/2008 2:57:30 PM

meh I'm holding off till another paycheck, it'll probably be up again tomorrow and down again Friday.

10/1/2008 3:03:32 PM

Quote :

"it's so unstable that it's actually pretty stable!"

that is a valuable piece of insight you've gleaned.

volatility is nature's movement towards price efficiency.

10/1/2008 3:17:10 PM

6.5%

see its just pointless to watch it change all day. i could never do that with a whole gang of stocks. but you guys know how it is... you gotta pull for the home team

10/1/2008 4:57:09 PM

Quote :

"anyone investing in a particular financial before the senate vote tonight?"

GNW

10/1/2008 5:41:08 PM

USB at all time highs despite this shit storm - that's hard to ignore. maybe valuations are a bit rich, and maybe it'll roll over/pull back as the final sign of a bottom. i wouldn't go long many a financial, but if forced to, this would be the one .

10/1/2008 6:47:01 PM

bill passed, lets see what happens tomorrow

10/1/2008 9:38:45 PM

yeah - everyone knew it would this time though - so will be interesting

10/1/2008 9:45:01 PM

fuck this shit, fuck this bill, fuck helping companies that fucked up

10/1/2008 9:48:36 PM

fuck this shit, fuck this bill, fuck helping companies that fucked up

10/1/2008 9:49:13 PM

in other news

i paid too much for a place that i couldn't afford, i lost money when i sold it and now i'm paying the fucking difference out of every fucking pay check i make..and now these banks get a free pass?

FUCK. THAT. SHIT.

10/1/2008 10:04:05 PM

^its not as simple as the banks get a free pass

10/1/2008 10:12:41 PM

k, turning it into the gov't basically buys their stock at a random value that is impossible to calculate with tax payer dollars with the intention of eventually selling it at a profit is basically the bigger picture unless I'm missing something--and if I am, please inform me

10/1/2008 10:17:50 PM

Well, hopefully selling it at a profit. That's not really the point though. The point is to get the credit markets flowing again. They just want banks to keep on lending.

10/1/2008 10:23:02 PM

wamuq is a great pick right now

10/1/2008 10:59:16 PM

GE is killing me.

10/2/2008 11:43:02 AM

i sold all my GE 2 days ago got out at 5% up

10/2/2008 1:18:31 PM

Quote :

"i sold all my GE 2 days ago got out at 5% up, minus taxes, so I actually lost money relative to today's inflation"

10/2/2008 1:35:47 PM

or i could be down 15% more? i'll re-buy in the teens.


and i'll have capital loss, so no taxes

[Edited on October 2, 2008 at 1:44 PM. Reason : ]

10/2/2008 1:43:29 PM

NYSE: POT is looking tasty long-term.

INTC getting beat up

[Edited on October 2, 2008 at 3:33 PM. Reason : ]

10/2/2008 3:28:18 PM

^^ i'm, uhh.... glad that makes you happy?

10/2/2008 3:34:12 PM

What's the max you can write off, 3K?

10/2/2008 3:43:38 PM

3k per year.

losing money in the stock market doesn't take away from my level of happiness, thankfully. i'll get it back eventually with the right plays.


[Edited on October 2, 2008 at 3:47 PM. Reason : ]

10/2/2008 3:44:18 PM

When can I buy back the same stuff, 30 days afterwards?

10/2/2008 3:46:20 PM

same day?

10/2/2008 3:48:20 PM

No way.

10/2/2008 3:51:14 PM

30 days after to avoid the wash sale rule, right?

10/2/2008 4:42:00 PM

Yeah, that's what I thought. Come on bous. Get on the ball.

10/2/2008 4:44:55 PM

Quote :

"NYSE: POT is looking tasty long-term."

Potash is one of my top buys. WTF happened to it today though? At this price..... im all in

10/2/2008 5:06:27 PM

David0603: if you sell even or above, you can re-buy soon no? or can you still not re-buy for another 30 days if you will potentially claim the NEW sale at a loss? that wouldn't make much sense though.

10/2/2008 5:24:47 PM

The wash sale rule only applies to losses. If you sale today for a gain, you buy the stock back anytime you want. PS, anyone buy any Wachovia this week? I managed to get in at $2.26 on Tuesday.

10/3/2008 9:32:03 AM

it's really just there so you don't sell while down - rebuy and hold - and expect to write that previous sale off, right (i.e. do that at the end of each tax year)? as long as you sell for good (i.e. 30 days), you can still write the losses off?

10/3/2008 9:57:41 AM

We were just talking about 3K loss write offs. That's exactly what I was planning on doing.

[Edited on October 3, 2008 at 10:15 AM. Reason : sp]

10/3/2008 10:00:53 AM

^^ya, that's my understanding of it too.

10/3/2008 10:08:11 AM