Market Watch for the week of 8/9/2009

[bassmaster]

this is crazy,, walls are just falling without sales... that 911 trade is wierd...

i just slapped the ask for more shares, it didnt fill right away either...im cautiously optimistic now..but the last few lots i picked up were for quick flips...im bored

[billhart22]

Trust me Bill, thinking hard ... after the Great Brian Cell Reduction era is difficult here as well ... But that is what I would be leaning towards as well ...
Of course, now I see it has just dropped to .04 even ...

What a day...I finally made it to the wheel, then I tried logging in and got disconnected again...geez...

[bassmaster]

We are still experiencing some intermittent slowness are are investigating. Thanks for your patience.

this is from the wheel..... lol@grammar

[Dr. Dave]

Hi Team,
I'm so new to investing that I have never had to apply capital gains/losses to my taxes yet. That being the case, I have a situation that I could use some advice on....

I bought AMNE the day before the F/S 100K shares at .01. After the 5 for 1 F/S the shares are now worth .0012 each giving me a net loss of $400 on the investment.
HOWEVER..
Due to the F/S my acct is showing that I have $4400 loss on the investment.
I only put $1000 into it.
So my question is, if I sell at this loss, will I be able to count it as a $4400 loss on my taxes or just $400 loss?

If it is the $4400 loss then this just might be the most profitable loss I'll ever have!!

All tax advice is appreciated guys.

Splits need to be adjusted, our loss will be $400 - either your broker will adjust it accordingly after the shares settle (like a buy or sell), or you'll have to do it manually.

[Dr. Dave]

i unloaded my small position in ASFX @ 20 for a 1 tick loss... DR DAVE, if your awake, keep an eye on it.


i picked up mopre shares of QASP on the dip , actually raising my avg , but im flipping those. looks like MM's are letting this run again, i just dont know how high.

i still cant get on the wheel.

I'm totally with you - I have my 50% in, at the end of the day, if it closes at 0.0019 or lower, I'm gone.

[billhart22]

Now I am on the wheel and level 2 won't work........ I might as well go on vacation.

[Sean]

MPTO is almost as annoying as BCLE
it does the same thing except the opposite
BCLE always brings it way down and closes the same
MTPO always brings it way up but closes the same
both w/ small volume $ for the day.

[billhart22]

There is a lot of talk about PR for MGLG coming out this week.

One person who spoke to Karen (supposedly) said this:

Just talked to karen numbers out this
week , she would not state if they were great or not , sweet p/r this week buy buy buy buy buy

Take it for what its worth.

It will happen all at once and then strap yourself in. People will be buying like crazy and then worry about whether the numbers are good or bad after the fact, lol.

[Los Tiburones]

Snatched from the Hub;

~~~~~~~~~~~~~~~~~~~

(Message #16915)

(QASP related) Stratton Holdings Inc. Releases Corporate Update


Here's the news article

http://finance.yahoo.com/news/Stratt...-14827185.html


here's a blurb regarding QASP

"""""Stratton Investment Group LLC:

Thanks to a loan from the Company's CEO and Chairman, Stratton Investment Group LLC has begun operations and currently has a majority of its initial capital invested in the following companies,

Wells Fargo & Co

Equus Resources Inc. (Quasar Aerospace Industries, Inc)

Best Buy Co Inc.

Stratton Investment Group LLC has thoroughly researched each company and sees huge potential for return on investment. Right now the market is ripe for investors to take advantage of low prices and this creates a great position for Stratton Investment Group LLC. """""

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

[Los Tiburones]

Interesting where that is placed no? Right in between Wells and Best Buy ...