SIRI Intraday Thread: Tuesday March 24th

[Paratrooper_Rick]

Back to .352 rick must be taking a piss!

Now - time to go piss so it will rise again in my absence...

[sl62]

random question because I didn't know the answer... if you are long but have a small number of side shares to play with, is it better to sell some of the long share blocks at a loss or better to sell the new "on the side" shares at a gain?

Thanks

dmo..

sorry..had to address something...if I read you right, besides an existing long postion still underwater, you have a side position that currenty has a gain. And you have a broker that designates or sorts shares by cost-basis...someone else brought this up last week. I use Scottrade and shares I buy of the same ticker at different cost basis' are up to me to sort as I see fit. Given your question I can apply the sale to loss (underwater CB) or a short-term gain but my broker does not designate it as yours might. If you need to tell the broker which shares to apply the new sale, it just depends on your trading status, the extent of the full 3K loss you might still want to claim on your Schedule D (if not a day trader mark-to mark status), or if you want to add to your top line overall in a given reporting year. All personal decisions that have to make sense to the investor. I may be reading you wrong, but if right, that's my take...

Strong action today gents (and ladies)..

[imromo24]

Very well, no .29 today... im at peace and if this keeps going up im just fine with my tax refund on the sideline...see ya on thursday (well everyday because I can't look away for long...but thursday i'll re-evaluate)

GO SIRI
GO GREEN

[sl62]

back up on the hi's...here you go para..have an e-beer (not quite as tasty though)

[sl62]

back up on the hi's...here you go para..have an e-beer (not quite as tasty though)

bam..new hi

[sl62]

new money coming in gents..."I LOVE the smell of new money in the morning!" (nepalm's not bad either) --Robert Duvall

[mogami]

Hi, We are definitely outside our normal pattern today. Perhaps this is the triangle breaking out on the upside?
To conform to the existing pattern we would need to go down to just over yesterdays close

[relmor2003]

7800 coming...
7800 and anywhere between 7900 I see the rally failing. Tomorrow then would open down, and stay down, or reverse late day. Thursday we resume main markets north.IMVHO.

[ShotsII]

7800 coming...
7800 and anywhere between 7900 I see the rally failing. Tomorrow then would open down, and stay down, or reverse late day. Thursday we resume main markets north.IMVHO.

Rel,
How do you see this affecting SIRI?

[dmo2424]

thanks SI62. yeah i can sort trade blocks based on cost basis and sell whichever i want. I'm thinking if I trade the older shares at a loss i can get the tax benefit for this year (when I do taxes next year) but who knows if I'll even sell any shares. Certainly not my core position. I'm just curious which blocks are best to consider given my gains in the new shares and you answered the question. Thanks