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Thread: xTrends Says:

  1. #1

    Default xTrends Says:



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  3. #2

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
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    24,244

    Default Re: xTrends Says:

    I like it - just exactly what we need to encourage our friends to stay away from this market.

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  5. #3

    Default Re: xTrends Says:

    I luv ya man but your constant "everything is a buying opp" is getting old. These guys were looking for a drop last summer as well (S&P was 1300), while you were saying stuff like:

    "The time is fast approaching to buy some more CSX now that it is correcting following the commodity plays - maybe later this week I can get it under $60." http://www.tsptalk.com/mb/showpost.p...postcount=3682

    It hit $20 a few months later. Now $38.

    "I'm in LEH initially at $18.56 and then at $14.94, $14.54, $7.96. I'll be nibbling on the upside for the next several years if they survive - they may spin off some of the real estate holdings in a new company and perhaps common shareholders may be recipients. This is a buy and hold position and will not be traded. I'm reminded that people who call themselves investors should remember that an investor buys and holds. Traders move in and out of the market." http://www.tsptalk.com/mb/showthread...=1510&page=318

    Now $0.

    Stocks up - buying opp. Stocks down - buying opp. You may be right THIS TIME, but it's getting tough to take you seriously.

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  7. #4

    Join Date
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    Default Re: xTrends Says:

    Well we all make mistakes - it comes with the game. I'm still buying CSX and will continue to add to my position tracking it as high as it wants to go. Thanks for the memories. My stock account is up $29K on the day. I used LEH to my advantage as a tax write off as well as a few others - it all helps when paying taxes. By the way my lowest price on CSX was at $23.83 and many prices up to the current price.

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  9. #5

    Join Date
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    Default Re: xTrends Says:

    Another point I'd make is that my high price in CSX was at $50.93 for 25 shares. I think I just broke into the profit zone on this one - it will be revitalized as the economy turns.

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  11. #6

    Default Re: xTrends Says:

    That's why I brought up LEH. I knew you would dismiss any other stock loss with DCA.

    As for your "tax advantage" with the LEH loss... think of the tax break you'll get if you lose 100% of your portfolio! It's all good.

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  13. #7

    Default Re: xTrends Says:

    Quote Originally Posted by tsptalk View Post
    That's why I brought up LEH. I knew you would dismiss any other stock loss with DCA.

    As for your "tax advantage" with the LEH loss... think of the tax break you'll get if you lose 100% of your portfolio! It's all good.
    Bad thing is.....the IRS only lets you take $3000 in capital loss a year. You can carry forward the remainder of the loss.....but like they say, "time is money" and the IRS takes their time in letting one use the loss to offset gains.(wish I had some of that...gains that is )

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  15. #8

    Join Date
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    Default Re: xTrends Says:

    All tax losses can be used to offset capital gains. I used my losses last year to offset my gains from selling my commodity stocks. Any loss that is left over can be used against ordinary income up to $3000 and you can do that every year until exhausted. I've got a couple losses that I'll take later this year. Now if I don't sell to take any profits the losses can be used against ordinary income and carried forward. You can't do that with real estate. Now Tom you know the market gave me a $1M haircut last year and I decided to hold my ground and keep my asset base fully intact. Because I didn't sell there were no reportable losses to contend with and the income remained intact also. So with the holy grail working hard again I suspect I'll be back up over $500K by the end of this week - week number 20 off the March 6th low. Getting the next $500K may come even quicker now that I'm using margin to increase my leverage.

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  17. #9

    Default Re: xTrends Says:

    Quote Originally Posted by tsptalk View Post
    In the top link (written on 7/19), the xtrends saw a possible peak of 980 for the S&P....



    The S&P hit highs of 979 on both 7/23 and 7/24 but did close above 980 yesterday (982). Today we are backing off. This is the area I would like to see broken if we are going to start a new bull market. The long term xtrends he talks about give the maket a lot of resistance here, so the test is here and now.

    We obviously also want to the 200-day EMA to hold on any pullback.


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