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I think sometime in the next few weeks, a transit employee will approach you, and you will be puzzled.
 
I've been going short on MSFT for the last few weeks, getting stopped out at cost.

The market is going to snap and head downward this summer, MSFT will follow. I've never been wrong on MSFT in the 5 years I've been trading it.
 
Originally posted by: JLGatsby
I've been going short on MSFT for the last few weeks, getting stopped out at cost.

The market is going to snap and head downward this summer, MSFT will follow. I've never been wrong on MSFT in the 5 years I've been trading it.
Click to expand...

Well duh, you're never wrong on anything you do in life. :roll:
 
last two days were not a lot of movement with good volume, meaning the pro's are probably selling madly to the newcomers and then the markets will fall. Forgot what William O'Neill calls it. There is a lot of bad news coming out of the housing market and this will have a big effect on consumer spending.
 
Just like the old saying, sell in may and walk away.

Then again, for long term investors this is just another opportunity to accumulate.
 
Originally posted by: alent1234
last two days were not a lot of movement with good volume, meaning the pro's are probably selling madly to the newcomers and then the markets will fall. Forgot what William O'Neill calls it. There is a lot of bad news coming out of the housing market and this will have a big effect on consumer spending.
Click to expand...

Not to mention gasoline/energy prices skyrocketing. Strangely, consumer confidence is at a 4 year high (2/3 of all economic activity in the US is from consumer spending). People seem to be pretty optomistic when it comes to buying stuff.

I don't look for a huge drop in the general market unless we stir up lots more trouble in the middle East. P/E ratios have dropped very nicely with huge profit gains (corporate profits up 21% last year alone). Much more attractive even with the current runup.

One side note: It's estimated that if the housing bubble doesn't kill the economy, it will spur the market as the money that's flowing into real estate could very well flow into equities. Oh well, dollar cost averaging for the long term win.
 
Its gonna go down in the next few years because of research and upgrades that will need to be done to the industry. Remember, we're running outta oil. Somethings gotta fill that huge gap.
 
I'm less than 50% invested in stocks at the moment so I welcome any major selloffs. I've plenty of cash sitting on the sidelines ready if need be. Nothing really catches my eye right now so it will sit there.
 
I have some stocks of companies that went bankrupt. Do I actually have to sell them before I can declare a loss for tax purposes? I want to get rid of them from my portfolio so they won't be a constant reminder of how stupid I am with regards to stocks.
 
Originally posted by: StormRider
I have some stocks of companies that went bankrupt. Do I actually have to sell them before I can declare a loss for tax purposes? I want to get rid of them from my portfolio so they won't be a constant reminder of how stupid I am with regards to stocks.
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You either have to sell it or the broker sends you a worthless stock notice.
 
Originally posted by: JS80
Originally posted by: StormRider
I have some stocks of companies that went bankrupt. Do I actually have to sell them before I can declare a loss for tax purposes? I want to get rid of them from my portfolio so they won't be a constant reminder of how stupid I am with regards to stocks.
Click to expand...

You either have to sell it or the broker sends you a worthless stock notice.
Click to expand...


Do I have to fill out something to get my broker to do this?
 
Originally posted by: StormRider
Originally posted by: JS80
Originally posted by: StormRider
I have some stocks of companies that went bankrupt. Do I actually have to sell them before I can declare a loss for tax purposes? I want to get rid of them from my portfolio so they won't be a constant reminder of how stupid I am with regards to stocks.
Click to expand...

You either have to sell it or the broker sends you a worthless stock notice.
Click to expand...


Do I have to fill out something to get my broker to do this?
Click to expand...

Depends on the broker. Some of them will actually let you do it over email or the phone. Be warned that there is typically a fee for this. It can run upwards of $50, again depending on the broker.
 
Originally posted by: alent1234
last two days were not a lot of movement with good volume, meaning the pro's are probably selling madly to the newcomers and then the markets will fall. Forgot what William O'Neill calls it. There is a lot of bad news coming out of the housing market and this will have a big effect on consumer spending.
Click to expand...

Distribution days. There have been a few lately, but not enough for me to be scared out.
 
Originally posted by: Engineer
Originally posted by: alent1234
last two days were not a lot of movement with good volume, meaning the pro's are probably selling madly to the newcomers and then the markets will fall. Forgot what William O'Neill calls it. There is a lot of bad news coming out of the housing market and this will have a big effect on consumer spending.
Click to expand...

Not to mention gasoline/energy prices skyrocketing. Strangely, consumer confidence is at a 4 year high (2/3 of all economic activity in the US is from consumer spending). People seem to be pretty optomistic when it comes to buying stuff.

I don't look for a huge drop in the general market unless we stir up lots more trouble in the middle East. P/E ratios have dropped very nicely with huge profit gains (corporate profits up 21% last year alone). Much more attractive even with the current runup.

One side note: It's estimated that if the housing bubble doesn't kill the economy, it will spur the market as the money that's flowing into real estate could very well flow into equities. Oh well, dollar cost averaging for the long term win.
Click to expand...


if there really is a really big RE bubble and it pops, it will wipe out a lot of wealth. Say a couple puts $100,000 down on a $500,000 home. If it drops by 20% they can still sell at a small loss or walk away from the mortgage but they will lose their downpayment which is a lot of savings. Same thing with the bubble investors and speculators since they are leveraged out almost 100% even on their personal residence.
 
Originally posted by: AnonymouseUser
Originally posted by: alent1234
last two days were not a lot of movement with good volume, meaning the pro's are probably selling madly to the newcomers and then the markets will fall. Forgot what William O'Neill calls it. There is a lot of bad news coming out of the housing market and this will have a big effect on consumer spending.
Click to expand...

Distribution days. There have been a few lately, but not enough for me to be scared out.
Click to expand...



I thought D days were the big down days on heavy volume? I meant the flat days on heavy volume which is supposed to mean frantic selling by the pro's and heavy buying by the dumb money. The D days come afterwards.
 
Originally posted by: alent1234
Originally posted by: AnonymouseUser
Originally posted by: alent1234
last two days were not a lot of movement with good volume, meaning the pro's are probably selling madly to the newcomers and then the markets will fall. Forgot what William O'Neill calls it. There is a lot of bad news coming out of the housing market and this will have a big effect on consumer spending.
Click to expand...

Distribution days. There have been a few lately, but not enough for me to be scared out.
Click to expand...



I thought D days were the big down days on heavy volume? I meant the flat days on heavy volume which is supposed to mean frantic selling by the pro's and heavy buying by the dumb money. The D days come afterwards.
Click to expand...

Haven't heard of that, but it isn't really what we should be concerned with. It's the distribution days that really count. Nasdaq has had 4 and the S&P500 has had 3 in the past month, but none for the Dow.
 
Felix, almost didn't find this thread because you changed the title! 😛

How's your instincts holding up?

😀

😛
 
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