Re: Margin Calls at 2$ becareful
posted on
Dec 01, 2008 08:49AM
(Edit this message through the "fast facts" section)
When it comes time for tax loss selling, you look in your portfolio for the stocks that you know within 31 days of selling, you could probably get cheaper...or you just sell the ones that are done for and you move on. I don't think people would take on the risk of selling a stock like this with many sp triggers just a short time away. Sure, if you think you could sell QEC now and pick it up in a months time lower, go for it...but we're too close to news. Besides, like ppl have said, I believe tax loss selling occured for a while back these past couple months. We may see some more, but won't be extreme. You have to prioritize and keep the stocks that have the potential to go back up, and just sell off the ones that you know for sure will be lower or stable....but to sell off stocks with huge potential so close to news, wouldn't make sense to me..but that's my opinion.
We're down today...boo hoo lol. I've seen days like this for the market and qec MANY times in the past few months. If oil were to go up $5 tomorrow, you can expect us to regain anything lost today...just the way it is....just trading on momentum. Of course, OPEC didn't cut production this past weekened so that doesn't help, but I'm sure they will eventually.
Bottom line is looking at NG prices. As long as they stay like this or higher, then we're sitting pretty. It's just that these days even if you own stock has nothing to do with oil or gold etc, it'll still take a hit on days like this...but I think we've all become used to seeing this.
Rocco:)