Hot Pick Of The Day

[billyjoe]

New-born,
I'm in AAPL since 90.09.

----------billyjoe

[New-born baby]

GERI:
May I suggest an AAPL instead of RIMM?
This bullish stock may hit $95-$100.

PnF likes it to $97, and the Dow Theory calls for an unbelievable
$120 should AAPL clear this $86.38 and hold it.

I own this one.

I hope you all got into this one. BillyJoe, how about it?

[New-born baby]

New-born,
We miss you. Here's a deal you might want to consider. I know that WLT's chart isn't so hot, but it can drop a good deal before you lose on this one. For each share of WLT you own on Dec.6th , you get around 1.68 shares of MWA on Dec.14th. WLT is at about 43.59 and MWA is 14.60 at close 11/28/06. What possibly can go wrong? Guess I'll find out. I've loved this kind of deal ever since you told me of the SFL spinoff from ? That must have been last year some time.

-----------So far this year I have had 2 buyouts , SGDE and ATYT , a 10% special div. in stock ,SPIL, and sold 1 about 3 weeks too early, MOSS. Have three potential spinoffs now , WLT, MO, and HAL . I know that HAL and MO are evil, but I can make charitable contributions with the profits.

----------billyjoe

Hey BillyJoe. So sorry to have missed this post earlier.

WLT has lots of overhead resistance. She is going to run until she hits the ex-date, and then she dumps. If you want this one, why not sell a call to help cover yourself, or else buy a put so that when she dumps, you won't lose your shirt?

SELL a JAN $50 call for $1.40 and keep the change.

[New-born baby]

Hey NBB,

What does your chart say is in store for GPRO in the short term?

Jiesen:
Let's see: GPRO . . . may retest that $47 market before moving any higher. PnF says she should have dived all the way down into the $34 level, but then she had a low pole reversal.

In summary: I am bullish as long as $47 holds. If that fails, you'll wish you had learned the options game to cover yourself instead of taking a loss down to $34 on this one. She's below her 50 day average, so you have to say its a bearish stock right now. I don't want her under the 50 day. She ran up against the 50 day and fell down. Short this one for now.

[jiesen]

Hey NBB,

What does your chart say is in store for GPRO in the short term?

[riverbabe]

Newborn, thanks for the options links! You are a true blue MM participant! By the beginning of 2007 I might just be able to speak the language and try them out! Riverbabe

[Lyehopper]

..... I know that HAL and MO are evil, but I can make charitable contributions with the profits.

LOL! I like that logic....

[billyjoe]

New-born,
We miss you. Here's a deal you might want to consider. I know that WLT's chart isn't so hot, but it can drop a good deal before you lose on this one. For each share of WLT you own on Dec.6th , you get around 1.68 shares of MWA on Dec.14th. WLT is at about 43.59 and MWA is 14.60 at close 11/28/06. What possibly can go wrong? Guess I'll find out. I've loved this kind of deal ever since you told me of the SFL spinoff from ? That must have been last year some time.

-----------So far this year I have had 2 buyouts , SGDE and ATYT , a 10% special div. in stock ,SPIL, and sold 1 about 3 weeks too early, MOSS. Have three potential spinoffs now , WLT, MO, and HAL . I know that HAL and MO are evil, but I can make charitable contributions with the profits.

----------billyjoe

[Gwhiz]

Thanks for the free options cd New Born.

Can't trade options til my account reaches 25,000 but I can start learning now.

[New-born baby]

Your timing on that trade was miraculous seeing that it opened at 54.16 and the high of the day was at yesterdays close of 54.38. Why did you exit the play at 54.17 and make .16 when you could have ridden it down to 53.65 level. What made you exit the trade
at that point and so early?

I should have held the short longer. But I took the quick profits. In fact, LLY is probably headed much lower. I was set up to reshort the stock at $54.33, but it only got up to $54.31, and I didn't pull the trigger.

[skiracer]

SHORT LLY from $54.33

covered at $54.17

Your timing on that trade was miraculous seeing that it opened at 54.16 and the high of the day was at yesterdays close of 54.38. Why did you exit the play at 54.17 and make .16 when you could have ridden it down to 53.65 level. What made you exit the trade
at that point and so early?

[New-born baby]

HI NBB,

I need to get information on the tax treatment of stock options. When I try the net, I get the tax treatment of stock options that are done through payroll (not what I am looking for), but I want to know how they are treated on schedule D of the 1040. For example, I have an option play that expired for a loss. Is it short term loss or long term?

Can you point me to where I could find out that information on the net or in a tax book?

Thanks for your help.

Dave Streckler knows everything about taxes. My opinion it is a short term loss IF you held the option less than 18 months. I used H&R Tax Cut to do my taxes, and they ask me the proper questions and take the proper deductions as I go through the process. So my knowledge is limited. But I am pretty sure it is a short term loss.

[ringo69]

options

HI NBB,

I need to get information on the tax treatment of stock options. When I try the net, I get the tax treatment of stock options that are done through payroll (not what I am looking for), but I want to know how they are treated on schedule D of the 1040. For example, I have an option play that expired for a loss. Is it short term loss or long term?

Can you point me to where I could find out that information on the net or in a tax book?

Thanks for your help.

[New-born baby]

Goog

GOOG busts the $500 marker and is moving on!

[alice4321us]

Thanks

It is my opinion that many MM forumites are a little light on their options knowledge. Too bad, because options can pull your fat right out of the fire. Why eat losses when you can consistently book at least a small gain on every trade?

If you would like to remedy this lack of knowledge, Bernie Schaeffer is one of the best. And if you hit this link, he'll send you a free DVD which is very thorough.

The price is right; the product is good; so why not hit the links?

FREE DVD:http://findinvestinfo.com/scharmt/nl/149

OTHER FREE STUFF: http://findinvestinfo.com/928710/9914907345/thankyou

NB

Thanks for those links. I need to get my knowledge up to date on those options.

Regards

Alice.