Big-Name Stocks Cheaper Than During 2008-09 Crisis

[Broncojohnny]

Yeah, I am slowly getting out of that fear..

I thought you got in at $28.66?

I bought some at $28.66 in one taxable account and then bought four times as much in another tax deferred account for $27.50. So I'm probably at about $27.73 all in. Their book value is about $26 so I'd probably entertain a sale of the tax deferred shares if they got back to $52. I'd have to have a good place to put the money when I come out though. I'm not sure if I would sell the shares in the taxable account. I hate to pay taxes. I'd have to have a really nice place to put that money if I did sell those.

Actually I'd like for it to go under book value of $26 so I could buy some more. That's my whole game.

[347Mike]

I bought some at $28.66 in one taxable account and then bought four times as much in another tax deferred account for $27.50. So I'm probably at about $27.73 all in. Their book value is about $26 so I'd probably entertain a sale of the tax deferred shares if they got back to $52. I'd have to have a good place to put the money when I come out though. I'm not sure if I would sell the shares in the taxable account. I hate to pay taxes. I'd have to have a really nice place to put that money if I did sell those.

Actually I'd like for it to go under book value of $26 so I could buy some more. That's my whole game.

You and me both!

[STANGGT40]

I bought some at $28.66 in one taxable account and then bought four times as much in another tax deferred account for $27.50. So I'm probably at about $27.73 all in. Their book value is about $26 so I'd probably entertain a sale of the tax deferred shares if they got back to $52. I'd have to have a good place to put the money when I come out though. I'm not sure if I would sell the shares in the taxable account. I hate to pay taxes. I'd have to have a really nice place to put that money if I did sell those.

Actually I'd like for it to go under book value of $26 so I could buy some more. That's my whole game.

if all of this euro nonsense keeps up, there might be another opportunity to pick up some really good stocks very cheaply!

[Broncojohnny]

if all of this euro nonsense keeps up, there might be another opportunity to pick up some really good stocks very cheaply!

Very true. Although that was a pretty strong bounce off the S&P bottom this morning. Futures were very negative but the sellers haven't shown up yet.

[Cannonball996]

hold that thought, the president is about to speak....we may see another bottom

[Captain Crawfish]

going up!!

[thesource]

I've been playing those new weekly options offered on GM stock lately and making a few coins at it!

[347Mike]

I remember someone mentioning when you own a stock for a short period of time you are taxed a higher rate 38% or something. How long do you need to own a stock for it not to be considered short term, or not taxed such a ridiculous amount?

[Broncojohnny]

I remember someone mentioning when you own a stock for a short period of time you are taxed a higher rate 38% or something. How long do you need to own a stock for it not to be considered short term, or not taxed such a ridiculous amount?

1 year. If you own it less than a year it is taxed at the rate of your regular income, for most people that is going to be 25 or 28% of the gain on the sale. If you keep it for longer than a year the rate is 15%.

IR is starting to be where it should be in relation to the rest of the market and the other industrials.

[347Mike]

1 year. If you own it less than a year it is taxed at the rate of your regular income, for most people that is going to be 25 or 28% of the gain on the sale. If you keep it for longer than a year the rate is 15%.

IR is starting to be where it should be in relation to the rest of the market and the other industrials.

Thanks.

Are you saying it will start leveling out a bit more?

I don't think I will keep it that long to be honest.

I've been considering throwing some money at a high pAying dividend stock and keeping it there but other than that I dont see myself holding a company more than a few quarters.

[Broncojohnny]

Thanks.

Are you saying it will start leveling out a bit more?

I don't think I will keep it that long to be honest.

I've been considering throwing some money at a high pAying dividend stock and keeping it there but other than that I dont see myself holding a company more than a few quarters.

I'm saying I think the Industrials and conglomerates all sold off a certain amount. IR sold off more because people overreacted to their earnings release. I think they are returning to a more appropriate level in relation to equivalent companies.

[akfodysvn]

yeah I wish obama woulda brought back what bush implemented for no capital gains taxes for the lower tax brackets on holdings for over 1 year... I sold everything at the end of 2010 and saved myself A LOT of coin in taxes

[Broncojohnny]

Rumour hit the street today that UTX - United Technologies may buy Ingersoll Rand. Stock spiked to $36.95, December $50 calls went up 250%.

[slow06]

Rumour hit the street today that UTX - United Technologies may buy Ingersoll Rand.

Is that usually good for the company that gets bought out, IR is up so far today? (I guess it could be totally unrelated to that news though.)

Lets say they do get bought out, what could that mean for shareholders? Generally a shareholder would get cash at whatever amount they decide or shares in the new company, right?

[Broncojohnny]

Is that usually good for the company that gets bought out, IR is up so far today? (I guess it could be totally unrelated to that news though.)

Lets say they do get bought out, what could that mean for shareholders? Generally a shareholder would get cash at whatever amount they decide or shares in the new company, right?

There are about a million different scenarios.