What taxes would their be besides short term cap. gains? I did not know of any other taxesQuote:
Originally Posted by ShotsII
Printable View
What taxes would their be besides short term cap. gains? I did not know of any other taxesQuote:
Originally Posted by ShotsII
I know that if you have 25K in a day trading account, that you can use that, because you have backup funds. You can use that until you run out of cash and then it goes to your cash account until the clearing of the funds that you have.Quote:
Originally Posted by stang3O2
In other words, you can use your own money in the account until you have used it up, then it comes out of your cash "Cash". The money still takes time to clear. They don't give you a free pass. They just want your money in an account to reap from you. There isn't really that much difference, but adds flexibility. Am I wrong?
If I were a swing trader, then it would really matter. If I were a shorter, then I would be responsible to pay for my losses, plus pay the difference to close.
In addition, they mark your losses up. Your losses could cost you big time. In addition, they will charge you an interest rate depending upon your financials.
I don't think there is a real advantage to having a margin account, especially on the shorting side. JMHO. I wouldn't dare to short stocks, but that is just me. I am not comfortable with that.
Wednesday's report is important if you are looking for a quick setup, like planning a pairs options trade:
MTH is in a cup and handle about to breakout
LEN is over extended from a run
$HGX is about to rebound out of its inverted head and shoulders...
So, a pairs trade is when you know there will be some type of movement... ie. the housing report's influence on these two homebuilders, and you want to be set up ahead of time....
If the report is good, you bet that MTH will rally hard as it's poised for a resistance breakout, but steam won't be as high for LEN, which has been running up hard... Likewise, a bad report and MTH likely won't move as quickly down as LEN...
So the setup would be something along these lines:
MTH
MTHIX $22.50 calls sept
1.95 x 2 = ~$400
LEN
LENUP $16 puts sept
1.26 x 3 = ~$375
Once the news is released and you know the direction of the movement by watching both stocks and the philly housing index, you cut the loser, and let the other run.
By using a pair of stocks, one that is about to break, while the other about to fall, you get a better shot of one option running faster than the other regardless of direction.
People do this with stocks like AAPL and RIMM, as shown at ino a while back. Where, they will use AAPL as the strong stock meant to move up, and RIMM as the one that would fall faster.
Why am I writing this? If I can get up early in the morning - like 3.5 hours from now... that's the plan.
It's a slightly hedged trade... that way you aren't chasing to get in.
Please let me clarify my last post guys.
When I said buy and sell all you want, I meant so long as you buy on one trading day and sell durring the next. Or vice versa.
If you buy and sell, or sell and rebuy, on the same day then it is a round trip. So long as the two actions are seperated by a market close and reopen you're in the clear.
As far as what taxes are associated, I really don't know. I've Only been trading under a year and haven't paid any capital gains yet so I don't know much. All I know is that the tda rep I spoke to on the phone warned me about them. He made it sound bad. Maybe the are no other taxes?
7:00am on the dot. Be ready for another down day.
Quasar Aerospace Industries, Inc. Gives a Comprehensive Update to Investors
QASP07:00 EDTMarketwire
Included Is an Update on the Recent Capital Raise, the Four Acquisitions and an Updated Website for Atlantic Aviation
JACKSONVILLE, FL -- (Marketwire) -- 08/26/09 -- Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR) is excited to update our shareholders on several fronts today. We are providing an update on our recent capital raise including future capital requirements, our first four acquisitions and the updated Atlantic Aviation website.
The company does not anticipate a need or any reason to return to the capital markets for additional funding. We have been very successful in raising the funds needed thus far, and we are confident we can operate quite comfortably with the capital currently raised. This should give shareholders confidence in knowing that our share structure will likely not change for the foreseeable future. The world economic situation is unpredictable lately as we all know and things could change. That being said, we remain confident.
According to CEO Dean Bradley, "Once the four announced acquisitions are closed and operational, they will be providing adequate cash flow for any and all general needs."
We would like to also update shareholders on the closing of our acquisitions. It is critical to do the four acquisitions as a single transaction on a single day. Doing otherwise would lead to excessive transactional fees and duplication of expenses. With the obvious complications of closing four acquisitions at precisely the same time on the same day, we have to find a day and time that is good for all parties and their support and legal teams. We will be soon choosing a day and time that is acceptable to all concerned. While we tried to make all of this happen for Friday, August 28, 2009, it simply is not possible. We will provide an update when it is prudent.
These first four acquisitions of these well established aviation and aerospace related businesses will add an estimated $150 million to Quasar's revenue and $15 million in EBITDA for the Company's fiscal year 2010. The first group of acquisitions are only the beginnings of the Quasar Aerospace conglomerate as we are actively pursuing other ventures within the aerospace industry.
Atlantic Aviation, Quasar's flight training academy, is proud to announce our latest website upgrade. We invite you to visit www.atlanticaviationinc.net. At Atlantic Aviation Inc. students will graduate with the excellent fundamental skills of flying, giving them an advantage to complete their goals of flying for the airlines.
your('re) not too late, under .24 is a bargain, im going all in today and my brother is adding to his position also today...as well as an acquantance.(sp?)Quote:
Originally Posted by Los Tiburones
ps. Roundtrips are bad, mmmkay? They locked up my money for 3 days after i bought in am sold in pm...try to hold at least overnight...pps. if i had held overnight i would have made 200% the next day on behl!
Thanks shots ... Mixed bag at first reading, still clearing the cobwebs via liquid caffeine.Quote:
Originally Posted by ShotsII
First impressions ... Beyond your note of a down day, which made me think ... "Uh oh ... what happened?"
One, they delivered as promised, that is, the PR that Bill confirmed with them yesterday. Miggle could take some lessons here ...
The first paragraph is encouraging! But ... the buy-back? Shelved? Omitted? ... hmmmm ... This ought to give the spokettes conniptions of speculations for the foreseeable future ....
Now we have the 'great delay' ... Which is what will be interesting ... Is this a pennyland phenomenon? It is of course understandable to a certain extent, but why put these things out there only to later retract them ... hmmmm
There is more good than bad, I think ... just off the top, hazy brained observation ...
To borrow Bill's line ... "Pixie dust and faires" over at the spoke thus far ... think some of that got mixed in with my java this morning ...
It certainly made today even more of that "ancient proverb" possible ...
"May you live in interesting times"
(FWIW-
Meaning
May you experience much upheaval and trouble in your life. The clear implication being that 'uninteresting times', of peace and tranquility, are more life-enhancing.
Origin
While purporting to be a blessing, this is in fact a curse. It is widely reported as being of ancient Chinese origin, but is likely to be of recent and western origin, although it seems to be intended to sound Chinese, in the 'Confucious he say' mould.)
http://www.phrases.org.uk/meanings/245000.html
Good morning folks...
It's been an interesting week for me - both in the market and in the life that I am striving to recreate (now that Siri is above thirty four cents).
It's interesting, to say the least, how - in human terms - a person has to *really* work to remember what it was that he did before he did that thing that consumed his passion for a period of time ;)
Anyway, I'm logging on today to see the day's start with SPNG and to place my last sell order for QASP.
Thanks to the brilliance of accounting from the Great State of California, we found out yesterday that we'll be getting one of those wonderful I.O.U.s - bastards. According to the guy we spoke to, we can cash it in October - with 3% interest.
As one may imagine, I'm beside myself on the subject & finding difficulty finding words to describe my feelings...my thoughts are another matter, altogether.
Especially considering that I know how much money we've handed over to this Great State over the years.
Yeah, I was really hoping that we'd get it so that I could add to our sponge-fund.
Please have a fantastic day...
Ramsey
Morning Ramsey ... Love your style :) Got to love our state ... :rolleyes:Quote:
Originally Posted by Ramsey
Bailing on QASP? Or just temporialy? ... I am finding myself in this pattern that shackles me to a buy and hold against my will. If I turn around now and jump into the sponges it will almost certainly put on the brakes, I don't think I could do that to you guys ... Cynicism is not my brand of tea but sometimes I got to wonder ...
We are giving out I.O.U's again? That had to run through the cranium twice, thought we had the new press up and running ...
Thanks romo ... you are probably right despite my sarcasm\cynicism. I got hindsight down to a science! :rolleyes:Quote:
Originally Posted by imromo24
BTW - The comments earlier about the spokettes ... A bit over the top, nothing really out of the ordinary over there, not unlike many of us have done with siri, truncating and dissecting .. searching for hidden meaning, hunches and guessing ... Of course it's still early ...
Chatty Kathy - Off to work ...
Yeppers - I'm bailing on QASP. Not necessarily because I think that it's a bad buy, I just didn't put enough $$ in it to hold me to doing *enough* diligence to protect the investment.
There's that, and, ahem - I found the research to be boring. But that's just me...I'm not *really* money motivated. What I dig is the the excitement of catching the news, realizing what's happening, and acting on *that*.
Forgive me, but when I read that the CEO was excited to announce the launching of the company's new website...I said to myself "Self, it's time to go". Anyway...
But anyway...having fun with my sponge!
***
I.O.U.s --- yes, apparently *WE* are still issuing them.
I'm actually pleased - in a perverse way - to be getting an IOU..in a couple of ways.
1. I've always wanted to see what an IOU looks like (just didn't want my name on it)
2. California laid out a blanket on 400,000 folks this year, as soon as CA realized that we're F#$k'd, and said - You're being audited. This is in excess of the normalized numbers of audits. Basically, rather than even issuing an IOU - CA said hmmm...here's a way around paying this - to you.
So, yeah, in a way...I'm glad to get an IOU.
Get this, though. California has stated that they will start paying out refunds beginning Sep 04. So, they send us ours in an IOU that's not redeemable until October.
Oh yeah, we filed our taxes in February & got our federal back in March - even with internal auditing.
And while you're not asking...I'll share with you - since you're in CA -
Here's the accounting firm that you want. Not cheap...but damn are they experts in what they do!
http://www.ksandco.com/
Ramsey
Quote:
Originally Posted by Los Tiburones
Trade Alert: Quasar Aerospace Industries, Inc. (QASP)
Dear Members,
What does today's release from QASP really mean? (see this release below)
1. They have the money they need without the need to dilute shares. This is key. We cannot have them diluting shares, otherwise you do not know what you really are buying!
2. The company is moving forward on closing the acquisitions. They are also being prudent and not breaking the transactions up, thus adding unnecessary expense. A lot of CEO's would do that just to get them "done." Doing them separately is OBVIOUSLY detrimental and would be fiscally irresponsible. So here we have fiscal prudence.
3. The company is coming closer to having these shares break-out from being naturally valued more based on this fiscal responsibility and a great business plan.
Expect to see some real movement in the market today and this week from this.
Thank you,
John Pentony
Publisher, StockGuru.com
They've been bearish for quite sometime now.... But I actually don't like CNBC in general anymore, they have became nothing more than clowns...Quote:
Originally Posted by billhart22
I mean, if you go to their web site, they have these headlines that change every 5 minutes or less about whether the futures rise, fall or stay unchanged and they always seem to have a reason as of why they moved.
Then durring the day the DJIA could rise as far as 100 points and then fall and CNBC always has an answer as of to why... Please leave the stock market alone for a while, see what the trend is at least for half a day or something and then make a comment...
Sometimes they write a comment about the indexes going in one direction and by the time the post it the indexes are already going the other way !!! That is funny, have you ever seen that ?
Then there's the economists, the strategists, the hedge fund managers, etc ... they interview. They always seem to have some sort of wrong projections or assesments, why ??? and the post titles, please !!! It is all gloom or doom most of the time... what happened ??? were they left out off the rally ? They say "rally is unsustainable at this point..." or "markets to tumble to earth"... they only can wish, right ? Then there are contradictory statements like "the S&P may overshoot 1200 points.. " or "sidelined cash will push rally forward..."
Then there's Jim Cramer... What a clown...
They post too mush freakin' noise for crying out loud... They used to be better than that...
I meant to note (partially humorous) that if there is a stock that I *really* want to keep in my scope, I buy a share or two. And then, well, being invested...I tend to take my research more seriously.
Ever bought a stock that you *knew* would lose you money...but you bought it anyway?
I have ;) I own one of *those* stocks now.
It's called Worldspace - WRSP-Q
I put $40 in it six or eight months ago - even though they were in BK and I knew that I would 99.99999% chance lose the money.
But - since I have money *there*, I am forcing myself to protect my investment by continuing to do my DD. It's ALL psychological. It's not unlike paying a physical trainer to get your body in shape. Okay, yes, I realize this is a s t r e t c h.
Anyway, I know and believe in my mind and heart that there is *something* going on with Worldspace. Moreover, I believe that there are very specific reasons why India was left off the table in the BK.
Additionally, Senura *was* a Sirius man and I'm sure that he still has contacts within Sirius.
Ultimately, the point is that it is my belief that in_some_way & in some_how, I see Sirius XM being a world leader in satellite entertainment. And Worldspace just may hold one of the keys...
So, yeah, I buy losers :cool:
[QUOTE=Ramsey;49246]Yeppers - I'm bailing on QASP. Not necessarily because I think that it's a bad buy, I just didn't put enough $$ in it to hold me to doing *enough* diligence to protect the investment.
Good Morning Mr. Ramsey -
Yup, I'm up - I figured I couldn't go wrong with this option play....
I'll see - MTH just made a new high... we'll high for the pattern. Shouldn't have ran to 7-11 between the morning buy and the announcement... cost me a couple extra dollars....
I also see some excitement in the air.
SPNG +10.20% (thanks to me pounding the ask with a big $600 buy yesterday)
SQNM +11.58%
Then some non-excitement...
EVFL 0.00%
BCLE 0.00%
ASFX -1.82%
MGLG -16.67%
QASP -22.86%
among other things...
The advantage of having the margin account is you do not have to wait for settled funds. Say you have $5k in your account and you use it all to buy F, you decide 30 min later you want to sell all $5k. You can turn around and use the $5k to buy another stock immediately without having to wait the 3 days for it to settle. I personally have a margin account but I never use their money I only used it to get around the settlement periodQuote:
Originally Posted by billhart22
That's what I was trying to say, but I wasn't clear. What I was trying to say is that if you use up your day trading ability, then it automatically goes to cash. The margin account lets you transact immediately, thus not having to wait for settled funds.Quote:
Originally Posted by stang3O2
With Scottrade, and a cash account, I can buy a stock, sell it 30 minutes later, the cash is instant, but I cannot buy the SAME stock back for three days, however, I can buy another stock immediately. With a margin account, you can buy and sell the same stock over and over throughout the day, or you can short a stock over and over throughout the day.
If I am wrong, then please correct me. ;)
You understand it correctly Bill
Morning Bill, what's your take on this whole matter?Quote:
Originally Posted by billhart22