***Official*** 2010 Stock Market Thread

[wpd7]

Something else other than Rambus for the Tech and Lawsuit loving masses..... =)

VHC

Company with a great portfolio of technologies, currently embroiled with Microsoft for a patent infringement lawsuit involving 3 patents and over 18 claims.

The claims extend to Microsoft's Windows and Windows Server products, including 7 and 2008.

VHC has moved for summary judgment in an effort to summarily defeat, before trial, a few of MSFT's important defenses. Jury trial scheduled for March 8th.

A lot of people say this is a $50-60 stock in the making, but I would peg it at ~$20 myself.* It's a bit risky as it's trading at 52 week highs due to this lawsuit.

Disclosure: long 500 shares. Would have more but a lot of $$ stuck in GNVC. =)

* assuming a settlement.

 

[snoopdoug1]

in DDSS at 1.56. I'll tell you if it was a good move next Thursday

 

[HopJokey]

in DDSS at 1.56. I'll tell you if it was a good move next Thursday

What's next Thursday?

 

[snoopdoug1]

What's next Thursday?

Conference call to discuss/release their 4th quarter financials. The general consensus I get is that the management has screwed up time after time, and has lost trust in their shareholders. Their stock dropped 50% AFTER it was approved by the FDA. A partnership could send their stock up substantially. They seem to have a decent pipeline with multiple approved drugs, but it still is pretty risky. I just didn't want all my speculative money in the GNVC basket.

 

[El Guaraguao]

Question!

-investing noob here-

I'm still practicing with virtual money on a website. I purchased $1000 worth of VIONQ shares @ .10 points. Ten minutes later, it went up to .11, profiting a little over $100.

Now would It be possible to stay under the brokers "day trader" radar and execute 2-3 round trip trades a week (7 days) to avoid day trader taxes\commission? As far as I know, a broker will flag you a day trader if one execute more than 4 trades a within 5 days.

 

[JMapleton]

Now would It be possible to stay under the brokers "day trader" radar and execute 2-3 round trip trades a week (7 days) to avoid day trader taxes\commission? As far as I know, a broker will flag you a day trader if one execute more than 4 trades a within 5 days.

I've never heard of this, outside of an IRA. If you hold a stock for less than a year, you pay 35% tax, if you hold it more, it varies, but it generally about half as much.

 

[SSSnail]

Question!

-investing noob here-

I'm still practicing with virtual money on a website. I purchased $1000 worth of VIONQ shares @ .10 points. Ten minutes later, it went up to .11, profiting a little over $100.

Now would It be possible to stay under the brokers "day trader" radar and execute 2-3 round trip trades a week (7 days) to avoid day trader taxes\commission? As far as I know, a broker will flag you a day trader if one execute more than 4 trades a within 5 days.

You can trade as many times in a day if you meet your broker's requirement for elite. For instance, with Scottrade you have to have at least $25K liquid in your account. If you just have a regular account, you can't trade until your funds are cleared, which usually takes 3 business days.

Let's say you have $10K in your trading account, and you bot all $10K worth of stock A, then you turn around and sell it for profits. You can purchase stock B right away, but you cannot sell it until your funds are cleared. If you wait until your funds are cleared, you can buy and resell right away.

Now, instead of using all $10K to purchase stock A, you use just $2K chunks to purchase stocks A, B, C, D, that is fine until you sell stocks A, B, within 5 days. That would put you over the trades limit and your status now becomes Day Trader. (remember, each transaction counts as a trade, buying and selling count as two separate trades).

Most brokers will give you a warning if you purchase and sell securities before your funds is cleared (usually two warnings) before they freeze it. It's called a Free Ride (search on Google for it, under SEC).

With any retirement account, you'll have to wait for your funds to clear regardless of how much capital you have in your account.

Proceed with caution.

Also, I'd be cautious with pennies as each brokers have additional fees for trading those. Usually there's an additional fee per share for pennies, look them up.

 

[wpd7]

VHC

Up +0.64 ~12% =)

 

[Jassi]

Anybody watching the TMO + MIL drama unfold?

 

[DaWhim]

I've never heard of this, outside of an IRA. If you hold a stock for less than a year, you pay 35% tax, if you hold it more, it varies, but it generally about half as much.

I think short term cap gain is considered your ordinary income and you will be taxed at your own tax band.

 

[Jadow]

brkb has been on a tear since the split. Up 21% YTD. I had 5 shares pre split, wish I had about 30

 

[marketquotes]

You can trade as many times in a day if you meet your broker's requirement for elite. For instance, with Scottrade you have to have at least $25K liquid in your account. If you just have a regular account, you can't trade until your funds are cleared, which usually takes 3 business days.

25k min. in a margin account is fed law for day trading. If you have under 25k you can day trade 3 times within a 5 day period.

When I executed 4 day trades within 5 days and didn't have 25k in my account the brokerage house suspended my buying ability for being labled as a pattern day trader and emailed me a warning of the infraction. They told me to place 25k in the margin account or agree to not do again in order to have my account unfrozen. If you do it second time the account will be suspend buying for 90days or until 25k is placed into the account. This may vary by brokerage houses on how the handle such infractions, this is just my experience.

I was able to trade with funds made immediately after a sale when I had a regular account without having to wait 3 days for funds to clear at one brokerage house but not at another.

 

[KingGheedora]

Why exactly do they have that requirement for day trading? And what does the trading firm actually do on your behalf that warrants the $7 per online trade fee they charge? (pulled that $7 figure out of my ass, but you get the point).

 

[hiromizu]

Why exactly do they have that requirement for day trading? And what does the trading firm actually do on your behalf that warrants the $7 per online trade fee they charge? (pulled that $7 figure out of my ass, but you get the point).

Why don't you call the brokerage company and ask?

They are providing you with trading and research tools as well as a financial account and reporting of your activities as well as numerous other things. Let me know when you find a good company that will do this for free that I can trust my money with.

 

[IEC]

Closed out of GNVC at $2.56/share. Closed out of IJJ and BRK.B today as well. It's been a lot of unloading the past few days... I've had enough profits for the year to feel comfortable getting out for now until I am sure of the economy's direction.

Only position left in my trading account is RMBS. We'll see for how long.

 

[snoopdoug1]

Closed out of GNVC at $2.56/share. Closed out of IJJ and BRK.B today as well. It's been a lot of unloading the past few days... I've had enough profits for the year to feel comfortable getting out for now until I am sure of the economy's direction.

Only position left in my trading account is RMBS. We'll see for how long.

You're obviously not feeling peachy huh?

 

[IEC]

You're obviously not feeling peachy huh?

I'll feel peachy when friends and family with doctoral degrees and such can find a job. United States job market sucks right now.

 

[richardycc]

nothing wrong with taking profits, like the old saying 'one will never go broke by taking profits.' but I am surpised that you didn't even leave like 100shares to see where it is going...anyway, this could be a wise or dumb move, it's 50/50, we just don't know what the data will look like. If the data look bad, GNVC could go back to under a buck, so fair warning for those that can't take a hit like that, you might want to cash out or find an exit strategy soon.

 

[richardycc]

NVLT.OB,Novelos Therapeutics Pivotal Phase 3 Lung Cancer Trial Does Not Meet the Primary Survival Endpoint...calling dead cat bounce guy....

 

[JMapleton]

Bullish a Year Ago, Robert Prechter Now Sees "the Biggest Bubble in History"

http://finance.yahoo.com/tech-ticke...;22the-biggest-bubble-in-history"-429931.html

 

[Slew Foot]

I cashed out a bunch of stuff and bought CA tax free muni bonds(about 6% return when the tax free is factored in). I cant figure out where the market is going, so Ill shelter for now until I get some decent leads.

 

[marketquotes]

I cashed out a bunch of stuff and bought CA tax free muni bonds(about 6% return when the tax free is factored in). I cant figure out where the market is going, so Ill shelter for now until I get some decent leads.

Isn't using CA munis as a shelter like taking cover in a straw house during a storm? The threat of default on those munis is real, no?

 

[JMapleton]

Isn't using CA munis as a shelter like taking cover in a straw house during a storm? The threat of default on those munis is real, no?

Not investment advice: If I needed income from investment, I would invest in oil trusts. Solid dividends and safe in my personal opinion.

 

[Slew Foot]

Random ?, if the ex-dividend date is today, do oyu have to be on record at the beginning or end of the day?

 

[richardycc]

Random ?, if the ex-dividend date is today, do oyu have to be on record at the beginning or end of the day?

too late now, you need to be on the record 2 days before the record day.