Fighting with the Patriots to keep America Alive
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Alias Born | 04/01/2001 |
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Thanks Cava!
Peace. . .and Merry Christmas
Keep the Faith!
M&M Man
Amuck. . .LMAO! Isn't it amazing how thos agencies work?!! At any rate, I'll keep hunting down the article/law change. It probably has something to do with the "tax relief" bill that congress has been hammering out since the failure of our "wealth effect" economy. . .turned into "poverty-stricken!" Okay. . .gotta run. Wife will be home soon. Grab your bargains while you can! There's only a couple more trading days left. In January, stocks (particularly the undervalued ones) tend to go. . .UP!
Peace. . .
Keep the Faith!
M&M Man
No luck! I went into my recently deleted files on AOL. . .and it appears my settings automatically get rid of everything that is more than 24 hours old. Nonetheless, if that is true (that selling any stock. . .to pay taxes. . .and having an additional 3,000 tax write-off comes into play secondary to having to pay capital gains taxes) we should all find out. As a retired CPA (Amuck) your resources will probably be good. I could sure use that 3G extra write-off this year! Particulary after getting shagged by CHAG. I think we've all been taken by some POS stock this year!
Peace. . .and God Bless America!
Keep the Faith!
M&M Man
Amuck. . .
Let me see if I can find it. I thought the notation was very strange, as well. I'm wondering if it could be a new tax law? I just don't know. However, I know for a fact that that's what I read. And I couldn't for the life of me figure out what it was when it was stated that if you have to sell stock to pay taxes, 3,000 thousand bucks of the sale can be added to one's tax deduction. I really enjoy economics. . .but I could never be a CPA. I have to admire you dudes that keep / kept up with all the laws and changes. It's just wild. More than a science, if you ask me! Let me see if I can go through my "deleted" emails and find that note. Maybe we can get this cleared up. If not. . .oh well. Some CPA will figure it all out in the end!
Peace. . .
Keep the Faith!
M&M Man
Amuck. . .now you've got me wondering. Since I'm not an expert in this area, I have to doublecheck the info. Anyway, my understanding is that 3,000 of any sale from a stock (gain or loss) could be applied to a "tax-loss" if the capital is used to pay Federal taxes. One is always going to have the offsetting stocks to cut back on income/wages . . .yearly salary, whatever. I'm not sure why the article says one needs a note from their broker to declare the additional 3G write-off. I think it's merely a paperwork fiasco. Anyhow. . .if someone can guide us all to a reference on the net that will spell it all out. . .that would be appreciated. The article I read came from the Motley Fool. I'm never going to understand why the tax system needs to be so stratified. I'm just about ready to go back to high school and fill out a 1040 EZ! LOL!
Peace. . .and Merry Christmas!
Keep the Faith!
M&M Man
Scrooge. . .don't feel bad LOL! I got shagged by CHAG (in a BIG way) and HRCT also promised the dividend deal. Amazingly, I still think HRCT is going to be a great company. Particularly since . . .January 2nd. . .is targeted to be a GOOD day. We'll see. Anyway, it's fun to follow all these little organizations. There is "1" out of every "1000" or so that actually becomes a viable company LOL!
Merry Christmas. . .
Keep the Faith!
M&M Man
Joe. . .I'll take a double! LOL!
Merry Christmas
Peace. . .
Keep the Faith!
M&M Man
Any success stories today? I'm telling ya'll, it was a tough day in the market. A LOT of some of the cheaper stocks are going downhill. . .secondary to selling pressure for those who wish to offset capital gains. Remember, one can write-off up to 3,000 bucks of that loss (in addition to off-setting capital gains) if one requests a note from their broker that they had to sell stock to pay taxes. I just read that recently. Believe me, I'm going to have a write-off! At any rate, what I have to find out now is if that has to be the sale of a stock during this calendar year. . .or if it can be one from the year taxes are filed. Taxes are the biggest PIA. . .but I love this country, nonetheless! January should be a VERY good month, folks. Stocks like HRCT, GTCI, RAZF, ADSX, SINA, CHINA. . .and dozens more. . .will incur heavy "buying pressure" that matches December's "selling" pressure. Just watch. . .and get those fingers ready!
Merry Christmas, friends. Lets make the year 2002 successful, happy. . .and safe.
Peace. . .and. . .
Keep the Faith!
M&M Man
Tinberry. . .just two more weeks! LOL
Just having some fun.
Everyone have a happy Christmas. We're all going to survive.
Keep the Faith!
M&M Man
LFZA is up 50%. Still a company in the chrysalis stage IMO. JANXE has a little volume going. Nothing much. HRCT stepping down along with all the cheap shares out there. RAZF ~~ could hit a bottom around 11 cents. I'll buy it back at that price. LOL! What a day!
Keep the Faith!
M&M Man
HRCT is being walked down. Watch that 20 cent range! !!
Peace. . .
Keep the Faith!
M&M Man
Willy. . .I had one more chance to review the thread before I head out. . .put in a bid for HRCT at 20 cents. In fact, that's what I'm doing. In January, we should see the bounce. BIG bounce. But the stock has to come back down. Since we're all friends here. . .at least, I hope so. . .I'm looking for 1.50 to 1.80 per share on HRCT during the first quarter. JMO, of couree. Then again. . .50 cents a share is okay by me LOL!
Peace. . .now. . .for sure. . .I'm off for a couple hours!
God Bless ya'll;)
Keep the Faith!
M&M Man
Arch. . .I picked up a couple thousand shares. The charts look good on that one. Got stopped out on GX at 77 cents. I don't know what's going on with that one. . .but the volume is going nuts! Also picked up some Razorfish. Now, it's time for me to go eat some tunafish! LOL! Gotta run. Will be back in a couple hours. Watch my portfolio!
Peace. ..
Keep the Faith!
M&M Man
Arch. . .you hit SINA right on the nose! LOL! I'm watching them walk it up even as we speak!
GX~~ Looks like the market is counting on them going bankrupt. Might catch some tanker shares. . .and hope for the best!
Other ~~ GTCI ~~ After January 1.
HRCT: Rumor mill ~~ negotiating with company listed on viable exchange. No specifics. . .just watch closely.
Peace. . .
Keep the Faith!
M&M Man
Arch. . .it looks like SINA is about to pop up above the RSI 70% line. That should be good for a little bump on that one. Light volume, however. Nice catch!
Peace. . .
Keep the Faith!
M&M Man
GX. . .going down. Watch your rears. eom
Keep the Faith!
M&M Man
Oh. . .there we go. For some reason my software wasn't registering the trading action. Weird.
Watch those charts!
Peace. . .
Keep the Faith!
M&M Man
IS GX halted? eom
Keep the Faith!
M&M Man
Willy. . .I agree. Only on chart strength at this point. It would be nice to see a takeover by AT&T. . .but. . .and this is a BIG but. . .AT&T has troubles of their own. High volume yesterday on GX. . .up a penny. However, when a stock is listed on the NYSE and it is traded as a penny. . .that's a sure sign of trouble, as well. !! Nonetheless. . .it should be fun to watch! Set those stop points! STOK is bidding up 4 cents in the pre-market. ORCH is rolling. I'm hoping ADSX will . . .break the 50 cent range!
Peace. ..
Keep the Faith!
M&M Man
Those of you in ORCH should be happy!
Orchid Biosciences - Update - Climbing Higher On News [ORCH]
12/21/01 8:42:07 AM We alerted readers at 8:13 that Orchid Biosciences (ORCH) expects to beat consensus revenue estimates for the fourth quarter and had reaffirmed its full year 2002 guidance. The stock is currently trading higher by 0.75 on 14K shares before the bell on Friday.
Orchid Biosciences is a thinly traded stock that was ran-bound throughout Thursday's session and closed down by 0.13 at $4.30 on average volume.
Keep the Faith!
M&M Man
joby. . .take a look at their charts. . .
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
Keep the Faith!
M&M Man
Information on GX today is very confusing. Momentum play only, IMO!
Peace. . .
Keep the Faith!
M&M Man
I hope some of you were in on DSLN. Great move. Perhaps STOK will duplicate a similar effect! ~~
Peace. . .
Keep the Faith!
M&M Man
STOK does look good! I'll have to check up on that one. . .
Peace. . .
Keep the Faith!
M&M Man
Joby. . .I like that one as well! Great run from 3 cents! Lets hope JANXE and LFZA run like that (as well as GTCI) after the beginning of the year. They are the ones I am accumulating for a LONG position (not meaning to beat up on the innocent. . .of course). Lets watch GX, today!
Peace. . .
Keep the Faith!
M&M Man
Arch . . .LOL! There's a couple of thinly traded stocks you "flippers" might want to watch ~~ PRXX and LTRY. Also, I posted LRT, MSB and VASO. . .last night. GX might be the "stock of the day". . .if the public takes the news well. I sure hope so, anyway LOL!
Peace. . .and God Bless America. . .
Keep the Faith!
M&M Man
Archie. . .
I see you and raise you one LOL! ~~
http://www.cindymargolis.com/index.cfm
Peace. . .
Keep the Faith!
M&M Man
Joe. . .
Check out this chart:
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&4fval0=206&5fval0=2...
It might go a bit lower. Good catch!
Peace. . .
Keep the Faith!
M&M Man
More on GX:
Li Ka Shing May Invest Over US$1 Bln in Global Crossing: Paper
Dec 21, 2001 - 10:02:18 HKT
Quamnet News Service
Global Crossing is trying to reach a restructuring plan under which Li Ka-shing, chairman of Cheung Kong (0001) and Hutchison Whampoa (0013), would invest at least US$1 billion, the New York Times reported, citing people close to the situation. Singapore Telecommunications is also said to be considering a big investment. Deutsche Telekom could also become a large shareholder through a complicated multiyear deal to acquire capacity on Global Crossing's network, the U.S. paper said.
The investments would allow Global Crossing to avoid a protracted bankruptcy filing.
Keep the Faith!
M&M Man
Tin. . .
Excellent catch! Thank you VERY much. I just wish GX would BUY HRCT with the money from their recent sale. LOL!
Peace. . .
Keep the Faith!
M&M Man
Hey. . .if you don't like people that research stocks, why don't you just leave? What you refer to in your last statement doesn't make any sense. Who, out there, is "innocent" when it comes to investing? "Innocent" from what? If people don't have the savvy to buy low, and sell high, there's nobody to blame but themselves. I can appreciate your wanting the best for a stock you and your buddies own. . .but around this neck of the woods, we get-em when they are considered to be worthwhile catches, and toss em when we darned well please. Peace. Chill. And all that stuff. Learn how to read charts. . .and bring some strong picks to the site. We're here to help, not hurt. And as far as I'm concerned, I'M HERE TO HELP PEOPLE FIND STOCKS AT THE BOTTOM. I don't care how long they hold them. Oh, yeah, I did graduate from college. Thanks. I worked my arse off in healthcare (24/7 for 5 years) and learned how to invest. I left healthcare. . .not because I did not wish to help people (the "innocent" I suppose you would say) but because the paperwork got ridiculous. I'm doing what I love, right now. I do not steal money from innocent people. Nor does anyone else on this site. Perhaps you may wish to consider accumulating the stock you like? Go for it!
Peace. . .and God Bless America. . .
Keep the Faith!
M&M Man
Good eye, Joe! Will watch that one closely! . . .Also. . .watch PRXX and LTRY (for those who are flipping pennies).
Peace. . .
Keep the Faith!
M&M Man
http://users.1st.net/teddi/index30.htm
Keep the Faith!
M&M Man
Chief. . .I disagree. I don't care what a shareholder and their "friends" own. Never get emotionally involved with a stock. Get out. . .particularly with OTC BB stocks. However, I don't mean to turn your heals. Chill. Do what you want to do. As far as capital gains go. . .it's all about capital gains. Particularly in the markets. And it's also about skill about knowing how to attain capital gains. I buy stocks that I expect to go up. You obviously buy stock, as well. I do NOT promote any company, or stock. I'll buy the stock, and SELL it when I feel like it. As far as income goes. . .chances are very good. . .I'm doing better than you (or you wouldn't be getting so upset). Bring em to us. We'll find out what you're worth.
Peace. . .and Happy Holidays. Now settle down! You are like someone coming from Raging Bull;).
Keep the Faith!
M&M Man
Chart Alert:
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&4fval0=206&5fval0=2...
Keep the Faith!
M&M Man
Hotsearch. I like your enthusiasm. HRCT longs will benefit after the year end sales take place. Why doesn't HRCT team up with GX? HRCT supposedly has all these connections. . .and then, BLAH! Okay.. . . .hanging tight. Just can't understand why Sinobull.com was supposed to be the PREMIER trading system in China, and GX goes ahead and sells their system for over 300 million bucks. That's MILLION DOLLARS in the form of USD. Okay. . .Sinobull, your turn!
Peace. . .
Keep the Faith!
M&M Man
Ray. . .Hackers can take over anything they want. Believe me. I have a friend in San Diego that has played games with me on numerous occassions. The news today on MSFT is just going to lead the valuation of their shares. . .a bit down. I wish I had the money I had two years ago. . .so I could BUY MSFT when it hits a lull. Okay, okay. It will come back again, I know. In 2002. . .I'm going to KICK this market's A$$! Did it before. . .will do it again! And this time, I'm not FALLING IN LOVE WITH ANY STOCK!
Peace. . .
Keep the Faith!
M&M Man
***ARCH*** Check out the Bollinger Bands on GW. Also, the volume is very strong for an AMEX listed company. We might want to watch that one VERY closely.
Peace .. .
Keep the Faith!
M&M Man
Everyone. . .make sure you are checking the links that Archie has in the blue box atop the page. I LOVE this link:
http://realtimetraders.com/sp/5andunder.asp?vid=6403
Them dudes are good at catching HOT issues throughout the day. I wish I could create a software program that would signal upward movement on stocks that have been hammered (on high volume). Man. Can you all imagine!???!!
Peace. . .
Keep the Faith!
M&M Man
Chief. . .I checked out that news. Looks pretty good. Not much volume trading on that stock, however. A lot like the one Ray posted. . .but Ray's is certainly under accumulation. For how long? Who knows? Remember this, stocks that are moving forward right now are the ones that will be protected from the frenzy that will happen during end of year selling. GCHC has been moving forward. I have to admit, however, I like ADSX and GX a lot better. Both are trading on heavy volume. I don't know about anyone else but trading has been good to me for the past two weeks. I bought ADSX and GX, today. Lets see what happens. Can only hope for the best!
Peace. . .
Keep the Faith!
M&M Man