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Stock Thread (25 Viewers)

I bought 100 NVCR or Friday @ $17.75. Sheesh, wish I would have bought 10,000.
:goodposting: :shock:
what happened here bob?
IPO was at $22 but bad timing with all the biotechs getting killed. It was actually down to the high $15 I believe, was way up when I bought it. They have a promising new cancer drug that is supposed to be really close to coming to market.
:shock: :shock:

Nice hit SLB

 
Anyone have any recommendations for brokers without many restrictions? I've been watching TVIX, was going to get in yesterday, then found out Merrill Edge blocks trading this, along with a few others I've looked at. :rant: I'll be looking to move my IRA portfolio once again.

Oh, and UCO is looking damn tempting again at $23.

 
Anyone have any recommendations for brokers without many restrictions? I've been watching TVIX, was going to get in yesterday, then found out Merrill Edge blocks trading this, along with a few others I've looked at. :rant: I'll be looking to move my IRA portfolio once again.

Oh, and UCO is looking damn tempting again at $23.
Yep

Snagged some TVIX myself this morning at 7.99

already made 300 bucks in about an hour :D

 
Anyone have any recommendations for brokers without many restrictions? I've been watching TVIX, was going to get in yesterday, then found out Merrill Edge blocks trading this, along with a few others I've looked at. :rant: I'll be looking to move my IRA portfolio once again.

Oh, and UCO is looking damn tempting again at $23.
Yep

Snagged some TVIX myself this morning at 7.99

already made 300 bucks in about an hour :D
Careful with the UCO, IMO - refinery maintenance season and less oil being used than in the summer... Could see some inventory builds.

 
Anyone have any recommendations for brokers without many restrictions? I've been watching TVIX, was going to get in yesterday, then found out Merrill Edge blocks trading this, along with a few others I've looked at. :rant: I'll be looking to move my IRA portfolio once again.

Oh, and UCO is looking damn tempting again at $23.
Yep

Snagged some TVIX myself this morning at 7.99

already made 300 bucks in about an hour :D
Careful with the UCO, IMO - refinery maintenance season and less oil being used than in the summer... Could see some inventory builds.
I hear ya but I'm locked in on it for the long run. No sizable dip is going to scare me off of my current shares at least.

I'm happy to hold this thing for a year or two if that's what it takes (or go broke doing so)

 
Anyone have any recommendations for brokers without many restrictions? I've been watching TVIX, was going to get in yesterday, then found out Merrill Edge blocks trading this, along with a few others I've looked at. :rant: I'll be looking to move my IRA portfolio once again.

Oh, and UCO is looking damn tempting again at $23.
Yep

Snagged some TVIX myself this morning at 7.99

already made 300 bucks in about an hour :D
Careful with the UCO, IMO - refinery maintenance season and less oil being used than in the summer... Could see some inventory builds.
I hear ya but I'm locked in on it for the long run. No sizable dip is going to scare me off of my current shares at least.

I'm happy to hold this thing for a year or two if that's what it takes (or go broke doing so)
It is a leveraged ETF, be careful of decay if your plans are long term.

 
My GDX options are up 363.14% so far.

I have until 11/20 to get it past 17.50 and the sky's the limit for my 2000 shaers

 
fantasycurse42 said:
On another note, Walmart :jawdrop:
Walmart warned due primarily to the cost of higher wages - raised to $10 per hour. Which just goes to show that we live in a world where pretty much every thing you buy at a Walmart or Best Buy or any other major retailer - and certainly everything that you eat has to be produced by people working at slave labor wages.

 
fantasycurse42 said:
On another note, Walmart :jawdrop:
Walmart warned due primarily to the cost of higher wages - raised to $10 per hour. Which just goes to show that we live in a world where pretty much every thing you buy at a Walmart or Best Buy or any other major retailer - and certainly everything that you eat has to be produced by people working at slave labor wages.
What would you recommend?

 
Anyone have any thoughts or recommendations about KGC?

Got a big surprise today. Got stuff settled from my late dads account into my name. He had told me a couple of weeks before he passed he sold all his ZGNX stock and it was all cash. Find out today I own 15K worth of KGC. I had never heard of it and he never talked about it to me. Guess he bought this sometime in his last few days. From what I can gather reading this afternoon, the FED not raising rates is a good thing for gold right now or maybe it just got a dead cat bounce today, who knows.

 
fantasycurse42 said:
On another note, Walmart :jawdrop:
Walmart warned due primarily to the cost of higher wages - raised to $10 per hour. Which just goes to show that we live in a world where pretty much every thing you buy at a Walmart or Best Buy or any other major retailer - and certainly everything that you eat has to be produced by people working at slave labor wages.
What would you recommend?
Nothing. The stock market isn't a venue of morality. These things resolve on their own accord---sometimes seamlessly- sometimes not.

 
fantasycurse42 said:
On another note, Walmart :jawdrop:
Walmart warned due primarily to the cost of higher wages - raised to $10 per hour. Which just goes to show that we live in a world where pretty much every thing you buy at a Walmart or Best Buy or any other major retailer - and certainly everything that you eat has to be produced by people working at slave labor wages.
So a wiz at the markets, but not so much at remembering constitutional amendments...

 
Still eyeing TVIX. Might make a small play early next week. Stocks continue to go up while revenue is sharply down this earnings season, not adding up and appears like some more irrational exuberance IMO.

 
After all the ups and downs both my kids accounts for college are at the threshold where they show a long term cap gain equal to a short term cap loss more or less.

Usually when I'm +/- I try to take the short term loss and balance it out with a little long term gain.

What isn't clear is if there is a stop loss rule on this type of move. I've never really seen something one way or the other. I hold all Schwab index funds of the normal vanilla variety and could easily buy their analog in ishares or fidelity or whatever to rebalance.

Thoughts?

 
Sold my 40 IBM for a loss of $813.20 + $104.00 in dividends for a total loss of $709.20. Will be looking to buy back but the trend is lower and I can't watch it bleed anymore at this level. Was hoping for some good news when earnings came out.

 
After all the ups and downs both my kids accounts for college are at the threshold where they show a long term cap gain equal to a short term cap loss more or less.

Usually when I'm +/- I try to take the short term loss and balance it out with a little long term gain.

What isn't clear is if there is a stop loss rule on this type of move. I've never really seen something one way or the other. I hold all Schwab index funds of the normal vanilla variety and could easily buy their analog in ishares or fidelity or whatever to rebalance.

Thoughts?
I'm not sure what your question is.

 
After all the ups and downs both my kids accounts for college are at the threshold where they show a long term cap gain equal to a short term cap loss more or less.

Usually when I'm +/- I try to take the short term loss and balance it out with a little long term gain.

What isn't clear is if there is a stop loss rule on this type of move. I've never really seen something one way or the other. I hold all Schwab index funds of the normal vanilla variety and could easily buy their analog in ishares or fidelity or whatever to rebalance.

Thoughts?
I'm not sure what your question is.
If I sell SNP500 Index Fund from Ishares at a loss and buy a SNP500 Index Fund from vangaurd am I in the stop loss rule or not?

 
After all the ups and downs both my kids accounts for college are at the threshold where they show a long term cap gain equal to a short term cap loss more or less.

Usually when I'm +/- I try to take the short term loss and balance it out with a little long term gain.

What isn't clear is if there is a stop loss rule on this type of move. I've never really seen something one way or the other. I hold all Schwab index funds of the normal vanilla variety and could easily buy their analog in ishares or fidelity or whatever to rebalance.

Thoughts?
I'm not sure what your question is.
If I sell SNP500 Index Fund from Ishares at a loss and buy a SNP500 Index Fund from vangaurd am I in the stop loss rule or not?
Wash rule is 30 days. As long as it isn't the same ticker, you're good.

 
After all the ups and downs both my kids accounts for college are at the threshold where they show a long term cap gain equal to a short term cap loss more or less.

Usually when I'm +/- I try to take the short term loss and balance it out with a little long term gain.

What isn't clear is if there is a stop loss rule on this type of move. I've never really seen something one way or the other. I hold all Schwab index funds of the normal vanilla variety and could easily buy their analog in ishares or fidelity or whatever to rebalance.

Thoughts?
I'm not sure what your question is.
If I sell SNP500 Index Fund from Ishares at a loss and buy a SNP500 Index Fund from vangaurd am I in the stop loss rule or not?
This is called the "wash sale" rule, not stop loss. You can't buy a "substantially identical" stock or security (or options, etc). It's a gray area and "substantially identical" hasn't been specifically defined by the IRS, but I wouldn't risk subbing in one S&P 500 fund with another. Safer bet would be to switch to something like a total market fund, large cap index, etc.

 
After all the ups and downs both my kids accounts for college are at the threshold where they show a long term cap gain equal to a short term cap loss more or less.

Usually when I'm +/- I try to take the short term loss and balance it out with a little long term gain.

What isn't clear is if there is a stop loss rule on this type of move. I've never really seen something one way or the other. I hold all Schwab index funds of the normal vanilla variety and could easily buy their analog in ishares or fidelity or whatever to rebalance.

Thoughts?
I'm not sure what your question is.
If I sell SNP500 Index Fund from Ishares at a loss and buy a SNP500 Index Fund from vangaurd am I in the stop loss rule or not?
This is called the "wash sale" rule, not stop loss. You can't buy a "substantially identical" stock or security (or options, etc). It's a gray area and "substantially identical" hasn't been specifically defined by the IRS, but I wouldn't risk subbing in one S&P 500 fund with another. Safer bet would be to switch to something like a total market fund, large cap index, etc.
To be safe if you sell IVV you can buy something like RSP, which has substantially similar results, but tracks a different index (equal weight vs. cap weight).

 

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