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SLSX contest pick .21 now .49.
One schoolie striper yesterday, about 200 scup sunday. do the striper/hightide thing 4-6 tonight. should be nice. Good luck.
LBIX had been playing MA pinball with it for a bit just waiting for the next leg up now.
RDDI .45 x .55
No but RDDI hitting the skids fairly hard on its ex.
old friend LBIX popping.
LBIX 2.65 50dma is 2.57 could pop.....
nibbled LRT 1.95 doesn't normally hang this low to long.
Zeev, great luck to you and obviously prayers have been sent!
Filing as "daytrader" is ok. From last weeks discussion. Article may be helpful to some.
here:
The best way I've found to handle this mess is to buy financial software and use the feature that allows you to download trading data from online brokers. Then you can transfer all the data into your tax preparation software without breaking a sweat.
If you insist on doing this by hand, then I recommend — at a minimum — showing the following on Schedule D: your net short- and long-term gains and losses, total sales proceeds and the total cost of your shares. That way, the IRS can still reconcile your return with the information that your broker provides. Attach a statement saying you will provide the details on request.
Link: http://www.smartmoney.com/tax/capital/index.cfm?story=daytrading
Gainskeeper organizes them pretty well, including options and wash sales. If the IRS ever asks for me to clarify the "day trading" by each stock, I have that. there are basically 3 types of audits and I dont feel that combining trades as "day trading" will get me to the worst level. I actually think its allowed, had researchd it one year but its definately a grey area and although I have a law degree I'm not a tax attorney.
No one is backing me up here on the filing. So maybe i'm wrong.Been doing it that way for 4 years or so though. No problems yet...
short term capital gains.
i'm not saying its the "correct" way to do it but its "rumored" that its an ok way to do it for the irs....
Haven't been audited yet but if I am i have the paper work.
i just write "day trading" and list the net gain/loss overall.
I do save a copy of all trades in case of audit but....
lol no life got in the way of trading :)
been long term swinging, busy, still riding most of recent non penny calls. looking to get out of kwk qid an gm shorts maybe next week. almost pulled trigger on gm today but...
got a bunch of other crap rolling too.
thanks for the e-mail updates
LBIX 3.27 and rocking!
CELL about 1/2 way through that gap fill to 10.3 or so.
LBIX now fighting the 3.00.
AOTL .006 x .0075 now.
AOTL now .005 x .006
LBIX up nicely premarket.
LBIX up premarket on news.
AOTL .0055 now. Chart ready, needs volume.
could be tomorrow, japan getting slapped now.
out those QID here, still hold some from 58.17 man I'd love to get rid of them.
be nice if DDS starts workin that downside gap. to 29...
AOTL .004 todays the day it seems....
KWK and GM shorts looking great. Most shorts looking great i guess. Those old QIDS starting to smile too.
AOTL .004.
AMD reversing nicely now...
LRT picking up steam AMD breaking 15. lets see if it holds.
Hey LBIX may be a train you like.
LBIX strong day.
you ever check out that LBIX chart...2.32 now and strong ;)
LRT nice divvy this month: AUSTIN, Texas, Feb 23, 2007 (BUSINESS WIRE) -- LL&E Royalty Trust (LRT) announced today the Trust income distribution for the month of March 2007. This distribution represents amounts payable to the Trust with respect to production for the month of December 2006. Unit holders of record on March 5, 2007 will receive a distribution of $281,459 or approximately $.014820 per Unit payable on March 15, 2007.
hope you charted that LBIX 2.23 now
AOTL .005 x .0055
LBIX taking out 2.00 chart that one ;)
Day late: shoulda sold OMNI today and shorted KWK today. (so far a day early)
Charts a beauty, warrants should be dried up, that dip to .003 yesterday was weak, we got very few fills. AOTL