re: $PIP, $DRYS, $OCRX, $PULM discussion

These weak handed bitches are holding us down lol.

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Quick question. I'm sort of new to this. Most books say to hold a stock for one year and one day to pay 15% taxes versus 28% if sold before a year.

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You've got to identify the difference between investing and trading.

Traders never hold for more than a week or two. Usually its one or two days, sometimes just 15 minutes. They have a goal, and that is to make a quick profit and move onto the next trade.

With PULP, it COULD be an investment. Maybe this is a $10 stock in a year. Right now, I'm treating it like a trade, and if it hangs around this $4.80 to $5.20 range today and tomorrow, then I might try to day trade it between those ranges.

Thanks for the info. But I'm confused with the trading aspect. So traders don't care about fees and taxes? Please help me understand this a little more. TIA

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$PIP down to $1.01

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yep, put a stop limit on mine at .99 and it went through. Now I'm glad it was just $100

Thanks for the info. Seems like I should dump Scottrade and use Robin Hood as a swing trader.

Undoubtedly.

Being free, RH has flaws (they're improving), but it's tough to beat free.

That's how I am too.

Not long. Few years. Lol nah no real stories to report. I "invest in stocks like Dow(chem),att, apple, etc. these are boring stocks that have been awesome. I leave those alone regardless of what's going on and evaluate them to determine whether or not to add more. I also have accounts where I let investors decide and sometimes piggyback. I swing trade when I find some stocks I really like that are under valued or just starting up.(pulm,pip,teck, etc) I get bored easy at my job, so this passes the day well for me. I would grab as much literature as you could regarding the stock market and just read up. People that wanna get rich over night are suckers. It's a long ride, but I enjoy it. Don't sit there and stare all day long at a ticker if you have committed to the stock. It will make a man go nuts. You will frick up a lot at first and learn. You can't panick though unless you daytrade, even then... once you see how easily manipulated one stock can be you will understand. Oh and I don't short stocks a lot. I honestly love supporting a stock that is benificial to mankind. That's about my story Hauss. Now let's watch pulm wake up before the weekend. if it don't, oh well, it will sooner or later. The charts clearly show the strength of the higher floor.

Damn son! That hurts.

I keep buying on the dip. About out of play funds. Lol