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Earned income (i.e. your job) plays a factor in the tax rate with capital gains.
Short term gains is a stock you hold for less than one year. With the Bush tax cuts I believe it is roughly 20% of your gains.
Long term gains is up to 15%. These both will increase when the Bush tax cuts expire, I think we have until Dec. 2010, but not entirely sure.
The money owed to I.R.S. is not automatically taken out of your account. Most people pay an estimated tax every quarter. People, all too often do not realize that it is up to them to cut a check to the I.R.S. and are unable to pay when April comes around. Your broker will report your gains, so not wise to try and pretend you didn't have them.
To your question of is there a different percentage between
$5,000 and $100,000: In earned income there is. With capital gains, I am not sure. It may fall into the AMT(alternative minimum tax). It can be a serious killer.
To find these questions out, you can try the irs website(lol, good luck there). The right keyword search is probably best. I'd try: tax brackets or capital gains.
The safest way would be to bite the bullet and hire and accountant in my opinion.
Maybe Paul is giving Dr. Lee a level of control within xmdc. While the other, bigger suitors may have simply said "here is some money now get out". Also, years of showing Dr. Lee respect may very well play into the deal.
In my opinion xmdc brings instant access to the U.S. both our capital sources and an easier time getting U.S. FDA approval. All without having to spend a dime. If I am correct in assuming they have or will recieve shares in xmdc, they will have a large payday as our share price continues to go up. If they are watching our stock price and doing quick math as per how many shares they have or will recieve, I believe that will give them extra incentive to make the merger go through.
Thanks. Since I'm still holding, I don't really consider it money. The old adage, "Don't count your chickens," and all. But I think I hear the little buggers pecking at the shell.
In regard to my previous post: I am my own boss. And I seriously plan to quit me. It will go something like this:
Worker ME: I need some time off to collect a check from my broker.
Boss Me: Can't spare you, get back to work. And by the way, you're late.
Worker Me: Let me rephrase that, I'm going to my broker's. It would be easier on both of us if you came along.
Boss Me: You mean, we actually have money now?
Worker Me: Yes bonehead.
Boss Me: SWEET! Your fired and I quit. I'll go get my hawaiian shirt.
Disclaimer: Just some comedy for you. Most of the voices in my head are rather funny.(to me, anyway.)
Good morning, or I suppose Afternoon there. Thanks you. We may not have to watch this stock, but I'm getting a kick out of it. So far I have nerves of steel watching my paper worth going up and down more than my yearly salary. I agree in three monthes I may not need the salary and boy will my boss love that conversation.
The Press Release dated Oct. 6, stated their interest in uplisting to a greater exchange. I doubt that it will be in the near term. We will first have to finilize the merger, secure manufacturing, and begin selling the device. After a few quarters of sales and depending on where the share price is, they may begin the process. My guess is: beyond a year to uplist.
The short vs. the long of it.
I've been reading post after post for months now. It is beginning to be very easy to see whether the person is a short time horizen or long time horizen investor. There are pros and cons for both camps, I fall into the latter if you are interested. Once upon a time I enjoyed the instant gratification of a quick flip. It feels great to get in and out. (it applies to more than stocks, if you know what I mean.)
I made decent money at first flipping stocks and couldn't complain about the strategy, but years go by and I hope maturity kicks in (anyone who knows me, will disagree, but who needs them). I began to change my attitude when too many of the stocks I flipped kept going up and splitting and resplitting(I didn't always play in the pennies)
Take this stock as an example. I have held for over a year now. I was not one of the those here who got carved up by the reverse split, I've rode some bankrupt companies into the ground (WM, for example) I know how you feel. I could have easily sold for a 100% or more gain in May. I decided not too. I read a post from May or June, an investor sold his 21 million shares for a 200% profit. I am sure if he did not jump back in, he his probably still puking on his shoes. He would be a millionare right now if he had held. I have taken a percentage of my shares off the table to be prudent. Those who have read my previous posts Know the reason I am still holding this stock. I am fairly certain I will still have shares in this company two years from now. I don't know how many of you who have taken the time to read this will still be here. I hope all, because my price target (if it comes true) will make you far more than 100%.
My point, if you are still reading this: Monday's price only matters if you are going to sell. The PR on the merger only matters if you plan to sell on the news. What the charts are predicting only matter if you are trying to time your flips.
Those who are long want to know projected sales, patent info, and manufacturing deals.
Making quick money is great, I do not begrudge anyone a profit unless it at the expense of another. I want everyone to make money. I've never understood the mind set behind taking joy in someone losing money in the market (That's your issue, if it applies)
If you are new to this board, please take the time to read all the information in the ibox and the stickies. If you do, you may turn into a very long term investor here. You have the weekend to take advantage of the information gathered here.(take the time to thank the man for all his work, he deserves it)
Good luck on your position here, and thank you for reading.
I don't think they will be too successful at shaking anyone who has found this board and read all the info in the ibox.
Welcome all, enjoy your stay. Hope it is a long one.
If you hold to see the accrued value of a years worth of monthly fees , I believe we will all need not only a prosthetic left arm, but a good doctor to reattach our jaws.
And it show a great deal of respect to Dr. Lee and his team, as well as the manufacturers he will be meeting with.
Welcome to the board and the company. I will second the location of the shareholder meeting. I have got some nasty bruises lately from tripping over all these arms. On the bright side, I've made close to 20 grand by pawning wedding rings.
She knows her stuff. Besides, I've told her it's her college education I'm watching everyday. So, she has invested interest in this baby. Got up to 68 yesterday with her numbers trying to get her to 100, hope in correlates to the stock.
I asked my 3 year old neice what comes after .078, she said ten.
She usually knows what she is talking about.
Thanks, I'm sure one of Dr. Lee's "manufacturers" were the one that have been building the prototype devices. I think the key phrase is "we also intend to secure the manufacturing relationships."
Which may be as simple as brokering the per item price to manufacture the device. It sounds like Dr. Lee has done a lot of the leg work already and it may be as simple as turning the conveyer belt on.
I really like the last line, "immediate future."
If they can or I'm hoping already have a manufacturer on line, sales will already be coming in for the first quarter of next year. I'd like to see their projected sales figures, since they have already hinted on interest worldwide.
Yea, nice to see dead stocks rise again.
Too bad for some of the people who got out of this back in May when it began to move again. I don't blame them, but I do feel for them if they've watched this run. I have to think someone knew something was in the wind.
I remember a mysterious week back in Dec. 2008. An 18 million share trade went through one day and for a week I couldn't buy in. Looked like about 30-50 million were bought up by someone. I kept checking to see if I could buy with Scottrade. I had a hunch it wasn't just someone taking a loss for taxes and bought up another million shares. Really lucky on my part.
I appreciate your second wish. Think careful on the third.
I'll be expecting the lamp in the mail. lol
After hours of research I found this.
I believe your wish has been granted. I'll go out on a limb and say you probably are the exception to the rule, "Be careful what you wish for."
Just curious what your other two wishes are? And I call dibbs on the next rub on the lamp.
I will just happily buy up the bonds that build the roads that you can play on. Some nice tax free bonds making 3 to 7 percent and I'll be happy as a clam.
Well put a hawaiin shirt on and get to shoveling.
In six monthes when we have manufacturing plants knocking out these devices and sales in 30 countries, you can buy the house next to him.
No need to feel bad, it was hilarious.
Award for funniest response of the day
Nerves of steal, that is for sure.
We may hear a collective DOH!!!
From all the people who paniced the last two days.
The games these stocks play are funny at times and at times just sad. This thing probably chased off a lot of decent and honest investors, but just don't have the stomach for these things. It's really too bad.
"Little Big Man" was another great movie. Don't know if it was in that one, but I'd be willing to watch it again.
In the "Outlaw Josie Wales" the old indian Lone Wadi said it when he was talking about his trip back to Washington, if I remember correctly.
so I don't get deleted, XMDC rocks!!!
Had to respond publicly, because I am too damn cheat to subscribe. It is a genetic trait, the cheapitis gene.
Another thought on the Market Cap.
With an increased market cap they could possibly borrow against it and get better terms if they truly needed cash. Thus keeping his promise on leaving the share structure alone.
I'm kinda torn on whether or not I would like that or selling off some of the remaining 384 million shares. I'd probably prefer a clean balance sheet.
Not sure yesterday, but when we closed above ten it was over 60 million.
I had a thought that we can track it and find out if they activate any of the authorized shares. A little quick math will discredit or confirm if there is a dilution rumor.
Since xmdc is now current, they update that on a daily basis
That is why it was a strong buy signal.
Gonna have to pick up some of these left arms that are laying around to beat the shares away from you.
Now there is a buy signal.
When you and MLR-Lite start buying up the shares, it tells me our liquidity is getting soaked up. Going to be tougher to get the shares away from you.
I'm waiting for the marathon. This does look like a good and more inmportant, healthy retracement.
My opinion is that it ran so hard from all the alerts last week and over the weekend. It also caught the attention of day traders and flippers who don't care about the long term of this stock. Some people are happy with 100% profits, while people like me are willing to wait for the 100,000% profit.
I'm content being a greedy bastard.
I'm just going to sit here and wait.
Do we really need the drama. Three monthes ago people were fighting over thousandths of a cent, Now it is actual cents. The finalization of the merger will occur sometime within the next thirty days. (disclaimer: it may fall apart, sometimes that does happen.) In the last 12 hours nothing has changed within the companies potential.
My advise, if anyone cares: Relax, have a time horizen a little longer that a fruit fly.
Good Luck
Last night I made a comment about the possibility of panic buying due to the posts I read over on the Yahoo board over the weekend. My observation was that everyone could not wait until the market opened. I am not sure that I have seen the panic buying I talked about. There were so many alerts all over the internet last week and weekend, that may easily explain today's move and volume.
I agree that a bit of consolidation would be healthy. If this gaps up again tomorrow all the people that recieved alerts, emails, and phone calls from friends of family, who as of yet have not gotten in, may begin what could be true "panic buying." (sorry for the run-on sentence) I assume that today's action triggered a new level of alerts, which causes these things to basically feed on themselves and skyrocket.
I have no clue how this stock will behave tomorrow. As a previous post stated, "this is new territory." But it most definetly will have a whole lot of eyes on it in the morning. Personally, I'm just goning to enjoy the ride.
Good Luck
I initially had 3 million shares, I have 2.5 million as of today. I did sell 100,000 today since it hit my .10 trigger point. My next triggers are .25, .50, .75, and at 1.00. My plan is to sell in 100,000 lots at each trigger. As long as I'm disciplined I will have 2.1 million shares at 1.00.
It a very good day on paper for sure. I put out a post a day or so ago with my 2 year price target of $14 a share and why i think it may get there. It was post #82350
$100,000+ day for me.
Have you noticed once we break through a full cent it seems to use it as a resistance point. Friday we blew past .05 then pulled back, but could break below. Today we blew past .o8 and pulled back to it, but again couldn't break through lower. Now watching to see if it will hold the .09...
Put some icy hot on your cheeks so you don't cramp up when it hits .10 today.
If this keeps up, what day job?
I agree. It is going to be the monthly fee that will knock people off their feet, in my opinion.
If just 1,000,000 people or animals were to have this used on them, that is a yearly revenue of $239,880,000.
In time, maybe a very short amount of time, I hope that I will gain admittance to the club. I have had to use all my trading discipline to keep such a large position. My trick is to smack my finger with a hammer every time it gets near the mouse. I am sure there are many people regretting that they flipped this stock instead of allowed it to run. I believe it has much more to go, but will continue to be disciplined. I hope all on the board gain admittance to the club very soon.
The conversation and expectations are ramping up heavily. Six monthes ago both yahoo and this board were a ghost town, but for a few regulars. The excitement seems to be growing by the day. Look at this board, on a Sunday night. Almost every single post is stating that they cannot wait until the bell rings.
I did not mean to imply that a panic buy was a horrible thing. It is when people see the price moving up so fast that they cannot keep their limit order price anywhere near the second by second tick. It is a rare thing and usually occurs with rare stocks. This device appears to warrant the surge in price. My point was that violent moves are rarely healthy for a stock.
For full disclosure: I have owned this since Nov. 2008. I have taken less than 15% of my original position off the table and am currently holding very tightly to 2.6 million shares.
We may see panic buying tomorrow.
I've seen panic selling before in stocks, but the way it is sounding over on the yahoo board, tomorrow may be insane. I'm not sure it will be healthy in the long run, but it may not matter.
As others here have said, "buckle up and hang on."