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.
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.
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. :/
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.
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.
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.
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