Charles LaRocca
SiriusBuzz Founder
Your strategy makes sense. Why didn't you sell those shares that you bought above a dollar when they dropped 10% ? Did you missed the boat ? Why didn't you sell them at 0.46 ? or even when this issue hit 0.60 a few weeks ago ?
I'd sell them next time they hit resistance and buy them back when they retrace. You do not have to sell all of them at once. If you feel uncomfortable selling them all at once and if you have many, many, many shares as you claim, sell 10% of them, take the loss. The following month buy them back either at the same price you sold them or cheaper. You see, you'll feel better.
i.e: You have 10,000 shares that you bought at $1.00 that is $10,000.00 USD right ? Well, sell 1,000 shares, let say @ 0.40. You take a $600.00 USD loss but now you have $400.00 USD in cash, right ?. The stock keeps droping to 0.35 and the following month is still @ 0.35 (wait 30 days or whatever the period to avoid the wash out sale rule). Now you can buy 1142 shares and claim a $600.00 USD loss in your tax return.
The following month do the same. You will claim losses and increase you shares.
It is important to learn how to take losses. There's something everyone losses with this issue and don't even realize: TIME. TIME is money as my dad told me when I was a kid.
Last edited by Siriusowner; 07-08-2009 at 05:55 PM.
Charles LaRocca
SiriusBuzz Founder
Yes. Correct. Understood . . . question is . . why can't the site be configured to allow posts made to the blog, by registered users, count toward a users total number of posts?
The current set-up disincentivizes posting in the blogs/news stories and can create the appearance that regulars to the blog, who may post less frequently in the forums, are newer to the site and thus less credible . .
Anyway, thanks for helping get me another cheap post . . I am now right on socal's ass . . . don't look back socal . .
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LMAO. You and Me! Senior Members? Whew. Ol Charles and Tyler will really wonder what happened to the club. I'm thinking they will change the perameters, and move up the counter another 100. Congrats. lol.[/QUOTE]
hey, sumthin quirky I just noticed with your last post . . and my last post . . as soon as I hit "100" the counter reset all of my previous day's posts to also now show "100" even though when the earlier posts were originally made I may have been at "98" or "99"
anywho . . big 5M on Sat . . race 3 of the Grand Prix . . will spend next 2 days rehydrating with gatorade endurance . . put in 18 hard miles this week (90-95% of expected race pace)
You read my mind!LMAO. You and Me! Senior Members? Whew. Ol Charles and Tyler will really wonder what happened to the club. I'm thinking they will change the perameters, and move up the counter another 100. Congrats. lol.
The thresholds are way too low and we always talked about creating creative names for the levels but.... we're just not that creative. I am open to ideas!
I was thinking the levels should break at 100,250,500,1000,2000, and 5000+
0-100 = Newbie
101-250 = Junior Member
251-500 = ???
501-1000 = ???
1001-2000 = ???
2001-5000 = Buzzhead? Freak?
5000+ = Top Dog (did siriusbackstage do that? If so nevermind) SATRAD Addict?
Lets throw some ideas around. Should this get its own thread?
Charles LaRocca
SiriusBuzz Founder
maybe 5000+ gets the ability to create their own custom title?
Charles LaRocca
SiriusBuzz Founder