Why do you need to free up some cash?

5/8/2008 11:08:26 AM

cause cash rules everything around me

5/8/2008 11:14:45 AM

Good song.

5/8/2008 11:17:37 AM

Quote :

"...i need to free up some cash and i don't know which to unload: ACI APWR CHK they've all done well for me"

Too much short interest in APWR for my comfort; I'd dump that one.

5/8/2008 11:50:54 AM

i've made a nice bundle on SUN

[Edited on May 8, 2008 at 11:54 AM. Reason : JAVA rather]

5/8/2008 11:54:03 AM

Time to start gettin' rid of V?

5/8/2008 1:26:07 PM

Depends on how long you'd be willing to hold it.

5/8/2008 1:31:46 PM

^ perhaps. not sure. always be locking in profits 20% at a time. they've got a floor relative to the overall market because of the 6 month lock up period where insiders cant sell;; but little to nothing survives market-wide sell offs, so be mindful.


also, i just had a holy crap moment. i had been holding a small amount of ENER for my dad. i hold almost exclusively ETFs for him, but this was a tiny position i forgot i bought a long time ago. i wish i had more/wish i had some myself. they've been talking it up on Fast Money for a while.

5/8/2008 1:33:53 PM

When is the 6th month lock up over?

5/8/2008 1:59:13 PM

6 months after the IPO date.

note that there will be people at large trading desks selling as the lockup date approaches, so if you're going to try and time it that way, don't look at the lock up date one dimensionally. i also suspect they'll report pretty good numbers in Q3 of this year. who knows what can happen, so be suer to lock in profits here and there

5/8/2008 2:07:09 PM

I've never played with an advisor traded fund. How do those work?

5/8/2008 3:03:36 PM

ENER is up nearly 40% today, I wanted to buy into it yesterday but was out of town on business and didnt get a chance . Missed the bus on that one

5/8/2008 3:40:49 PM

Quote :

"I've never played with an advisor traded fund. How do those work?"

They have to be bought through a Financial Advisor, American Funds is the best example

5/8/2008 5:06:19 PM

Picked up some MOS today and promptly wrote covered calls for next Friday.

5/8/2008 6:28:17 PM

Ouch on the V.

5/9/2008 12:22:36 PM

Ouch ouch ouch. I didn't have a single stock go up today.

5/9/2008 5:15:00 PM

i only lost a little across my portfolio...like $30

one more good shitty day and i'll prob buy back in

the question is...with what stock?


I'd like to get in on V, and get back in on AAPL, but they're both priced a little rich for my tastes right now. BRK/B is tempting, but I don't have enough money to buy a share of it without selling some other stuff at this inopportune time.

sooo...

maybe Coca-Cola? (KO)

or AT&T (T)?


maybe even just increase my positions in Garmin (GRMN) or Dolby (DLB)? Or add to my position in Cognizant (CTSH), although that one (along with Garmin) has me a little gun-shy? Or add to my position in Cemex (CX), which I bought right at the bottom in January and have already made 24% on?

how about Canadian National Railway (highlighted both by Fool and Money)--ticker CNI?

5/9/2008 5:48:16 PM

Lucky you, I'm down ~$1,000.

5/9/2008 5:50:08 PM

sounds like you really took it on the chin today, although you prob have way more money than i do in your brokerage acct.

but yeah, i lost 0.3% to the market's nearly 1% loss today.

5/9/2008 5:58:04 PM

My main losers were GE, XOM, and V.

I have a lot of GE stock; it's over half my portfolio. Unfortunately I'm under a lot of family pressure to not sell it - "It's a great stock, has a nice dividend!"

My family is all about dividends and could care less about growth. Every time GE drops significantly I take that as an opportunity to rub their noses in it -- they just can't see reality. GE's stock will never again be as good as it once was, especially in today's market.

Back in October GE was at $42/share and I was considering selling all of it. Too bad I didn't; I'd be ~$8,000 richer right now (or more had I invested that in V).

5/9/2008 6:04:39 PM

are you being custodian over family money? otherwise, who gives a shit what they think about your stocks? i mean, i think GE is ok, but having half your portfolio in it is silly (and being so heavy into a fairly stodgy stock at such a young age isn't a great move, either). I guess I'm preaching to the choir, though.

GE was one of the first stocks I ever bought. I kept it for a year, maybe a year and a half, and sold it for a modest gain (plus the little i made on dividends). Can't complain, but I just decided that i should be swinging for the fences more in my brokerage acct.


I wish I'd bought into V (obviously). At this point, though, I'm gonna wait for a crash.

5/9/2008 6:25:13 PM

Quote :

"My family is all about dividends "

Too bad the Dems want to start taxing dividends at 40+%

5/9/2008 7:17:20 PM

yep

fucking stupid

5/9/2008 7:21:32 PM

Basically the situation is based on gifting -- member of the family gifts a fairly significant amount of stock. Thus, most of the stocks I have, have been owned by my family for decades. Whenever I sell them, I'm taxed out the ass for years and years and years of capital gains.

Hell I don't even know the dates on when these shares of GE were bought, but chances are, if I sold all my GE I'd lose several thousand in capital gains taxes.

Then again, it's already down a good bit through the market going down.


Honestly I can't complain about the dividends I've gotten from GE over the years; in fact I bought my current iMac with them a few years ago. Thankfully I at least got smart and started up a DRIP instead of just having the cash put into the account...

5/9/2008 8:34:52 PM

So how did your mother like the new car?

5/11/2008 10:31:03 PM

she like. its a nice!

gave it to her last weekend, just because this was graduation weekend and i didn't want to draw attention away from my cousin's event.

all the young men in the family and some of my friends are all, "wtf did you do? how are we supposed to follow this?"

5/11/2008 10:46:06 PM

^^^ How are DRIPs taxed?

5/11/2008 10:50:08 PM

How is everyones V doing?

5/12/2008 10:28:06 AM

if forced to guess, i think it will close above 80 today

[/guess]

5/12/2008 10:39:31 AM

I'm not to worried about it, I bought it for the long term.

5/12/2008 10:48:02 AM

likewise

5/12/2008 10:56:44 AM

I'm planning on holding it until we near the end of the 6 month quiet period, take some profits a little earlier, and buy back in on the mass profit taking dip.

or at least i'm hoping it works out that way.

5/12/2008 10:59:26 AM

^ I hope you're right - that's what I'm planning on doing too.

5/12/2008 11:02:40 AM

be careful with using that strategy one-dimensionally.

take a look at the last talked about stock and its 6 month period -- VMW

an ebbing tide could make your trading strategy moot

5/12/2008 11:25:54 AM

VMW is still up 11% from its IPO

5/12/2008 11:35:51 AM

agreed, but people who bought in at a near term top may be hating it.

..and mind you, i still think we'll see 90 before we see 60, and odds are the next 4 months won't be as bad as the 4 months of market-wide selloff that started mid October.

i just want people to know the risks



[Edited on May 12, 2008 at 11:47 AM. Reason : fdsdfgdfgdfgsdfg]

5/12/2008 11:43:23 AM

Even with the down days recently I'm still up almost 30% with my V so I can't complain.

5/12/2008 2:37:42 PM

another holy crap moment...

realising i sold RIMM a long time ago and forgot to reload

[Edited on May 12, 2008 at 3:12 PM. Reason : fsdgdfgfg]

5/12/2008 3:12:46 PM

interesting article on attrition at Google:

http://money.cnn.com/2008/05/09/technology/where_does_google_go.fortune/index.htm

5/12/2008 3:19:32 PM

a penny stock that I think that is on the rise is SONS, if anyone wants to get into a small stock this is the one. It is one of the leading providers of voice over internet service.

[Edited on May 12, 2008 at 3:23 PM. Reason : .]

5/12/2008 3:22:45 PM

Last I checked that stock was around $4.50 so Im pretty sure its not gonna be a penny stock

5/12/2008 4:27:06 PM

I always say under $5 is a penny stock?

5/12/2008 4:34:38 PM

ah I guess... most people I know define em as anything under a dollar

5/12/2008 4:39:38 PM

a better definition may be by market cap

5/12/2008 4:44:41 PM

Anyone have any interesting ways to deal with capital gains tax on short term stuff? It's truly an abomination.

5/13/2008 12:10:56 AM

^ nope.

ENER just keeps on keeping on

5/13/2008 10:05:16 AM

company stock went up like 13% immediately this morning. Its already been up close to 20% this quarter, wish I had put more money into company stock at the beginning of the year heh.

Cant decide whether today would be a day that tells me I should sell or hold onto it still. Its splitting June 16th as well, trying to decide what my strategy should be for that.

5/13/2008 10:12:50 AM

nobody ever went broke taking profits.

I had a similar situation in november. CSCO hit $35 with earnings due that day. I didn't sell.

We're just under $26 now, and I wish i had chose differently.

Of course, if i did, we'd probably be at $50 right now.

5/13/2008 11:09:54 AM

haha yea exactly. ive tried not to worry about ups and downs since im in this for the long term in my 401k, especially since the majority is in just major indexes. But since this percentage is in this one specific stock its tempting to want to try and hold onto this gain this year.

5/13/2008 11:12:06 AM

bought some rsx today ... its all in the roth, so theres some flexibility there.

Thought about going more broad with eeb, but I dont really want part of china right now.

5/13/2008 11:23:47 AM