chaddi said: 2hotforu said: DelCheapo said: Hmmmm will NOK go under $2 this week?
LOL! I hope not I have all ready wrote my whole position off as a tax write off.
I hate this tax system. If I make $100K in a year, I pay taxes on $100K but If I lose $100K in a year, I need 33 Years to claim tax benefits on the losses.
My grandfather took a $30,000 beating in the market back in '01. Pulled all his money out and put it in a variable annuity. Died in December. As executor of his estate, I will have the pleasure of filing his final $3k capital gains loss.
Can't you claim the $100k of losses against capital gains in any future year? I know it's better against income, but if you ever sell a stock at a profit I think you can offset.
bombcar said: Can't you claim the $100k of losses against capital gains in any future year? I know it's better against income, but if you ever sell a stock at a profit I think you can offset.
I think you can offset with only $3K loss per year.
No, they will offset future gains. So if you are sitting on 75k in losses from previous years and make 75k this year from investing, they'll cancel and you won't have to pay taxes on those gains.
Now, what I'm interested in is how the various tax programs deal with something like real estate gains vs capital losses in securities. 75k in real estate gains should be able to offset the 75k in losses from previous years. I haven't looked into what happens in this situation, but that makes sense to me.
How do you play the VXX? i understand that it's centered on market puts, but i can never make heads or tails of it's trading price. :/ should be GREEN now.
colebert said: There's the bear raid. <-- apathy. f--kin MMS bullshitting this morning trying to suck one last cent out of grandma. stocks don't trade up on earnings day that much, so why would they on a binary even, especially when profits are still high (to some) and the potential (however small) to lose it all.
I had to drop out, couldn't bear the bear any more. and now i'm a double L loser. :/
I'm teasing Hak and ARNA longs. If you looked at the ARNA message boards over the last couple days it's everyone raging uncontrollably about bear raids.
I'm considering putting a 13/6 strangle on right now.
If you are planning to hold ARNA thru Wed, one good approach would be to make sure to take off your stop-loss. I am sure the MM's will try every trick in their basket to trip that stop-loss. As always, this still depends on your risk profile.
wzcunningham said: Is the FDA decision per market or post market tomorrow?
Not specified but should be some time during the trading day. Expect trading to be halted when the announcement is made (either way). Will be fun to watch.
chaddi said: Do we have any other stock to talk about??
I'll be looking to get back in AAPL once I exit MNST, but until then, nothing else for me, part of the reason I've been more quiet. Just holding and waiting.. especially for the 28th, anxious to see what happens when they hit the S&P 500.
Window dressing started with AA outlook being lowered just 2 weeks before the results. Now Alcoa will "surprise" the markets by beating the already lowered estimates and markets will Rally.
defjukie said: ^not so sure about that, there are still 40M+ short shares as of 6/15/2012. There could be a significant squeeze. i'm back in, but do not think there is anywhere close to that many short shares now.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
Members of our community may attach files to a post in accordance with the User Agreement. FatWallet is not responsible for the content, accuracy, completeness or validity of any information contained in any attached file. Files have *not* been scanned for viruses. Be especially wary of Excel files which may contain malicious content.
One-time set up
Avoid the hassle of entering your information every time you buy.
•
Instant Cash Back tracking
Since we complete the purchase, we can credit your Cash Back immediately.
•
Buy with just two clicks
One click begins checkout and another confirms your purchase.
Once set up, making a purchase with FW checkout is a breeze. FatWallet Checkout confirms the after-tax
price plus shipping and, after you confirm, completes your purchase for you.
Shopping
Earn Cash Back while you shop - just 3 simple steps.
1. Sign Up so we know who to pay! (It's FREE.)
2. Shop through FatWallet for deals from your favorite stores. Your online purchases earn Cash Back that builds in your FatWallet account.
3. Get Paid by requesting a payment via check or PayPal.
FatWallet coupons help you save more when shopping online. Use our Coupons Search to browse coupons and offers from thousands of stores, gathered into one convenient location.
Forums
As part of our FatWallet Community, you can share deals with almost a million shoppers in our forums. Forum content is generated by consumers for consumers. Share deals, money-saving tips, and more. It's FREE, fun, and addicting.
Support
Our customer experience team is here around the clock - real people ready to assist.
