Mesa, making me the green

[siucavflight]

Once again I love Mesa, after they made me a ton of money last week I sold their stock, however I bought 30,000 shares again at .10, today they are up 35 percent as of now, I am thinking I am going to sell today.

Thank you JO, whatever you are doing keep doing it!

 

[SEVEN]

Good for you. Keep riding the roller coaster. I did it with NWA stock during the bankruptcy when the stock became a pink sheet. You can make money if you are watching it and paying attention to it daily.

 

[Salukipilot4590]

Man I wish I had some free money right now...oh wait...when's my unemployment check getting here again?

 

[siucavflight]

Yeah, overall my stocks are up, Mesa came back down, but I managed to sell them at .15 then bought the 30,000 shares back at .13. I am addicted. Buying and selling stock is like a socially acceptable form of gambling.

 

[meyers9163]

Yeah, overall my stocks are up, Mesa came back down, but I managed to sell them at .15 then bought the 30,000 shares back at .13. I am addicted. Buying and selling stock is like a socially acceptable form of gambling.

I thought if you had it less then a year you got taxed majorly? 1500 and getting taxed isnt that great of a deal I dont think?

 

[viper548]

I thought if you had it less then a year you got taxed majorly? 1500 and getting taxed isnt that great of a deal I dont think?

the tax rate drops to 15% if you hold it for a year. The tax is higher, but it's not always a good idea to hold a stock for the tax break

 

[acpilot]

Isn't capitalism great??!!

 

[siucavflight]

I thought if you had it less then a year you got taxed majorly? 1500 and getting taxed isnt that great of a deal I dont think?

Yeah, if you hold it for more than a year you get taxed at 15 percent. Less then a year you get taxed at whatever your tax bracket. And there is no way in hel! I am holding Mesa for a few days. I pay the tax and take the profits, either way I am ahead.

 

[Ezralite]

mesa sucks

 

[siucavflight]

Yes, although they suck less when their stock is making you a lot of money. Total for the last three weeks has me up a few thousand dollars.

 

[viper548]

I bought some MESA at .06, wish I had bought more. I only got 2000 shares

 

[gator_hater]

general investing make wise investments first and worry about the taxes later...at least that used to be the rule, wh knows once Princess Peloci and reid get done with the budget.

 

[Hamburger]

Good for you man. A lot of money to be made right now while everyone is freaking out.

I thought if you had it less then a year you got taxed majorly? 1500 and getting taxed isnt that great of a deal I dont think?

Yeah, who wants free money if you only get to keep most of it?

 

[Metro752]

Yeah, who wants free money if you only get to keep most of it?

Free money.

Thanks for contributing to what is wrong with America today.

 

[kf4amu]

the tax rate drops to 15% if you hold it for a year.

Better yet do it in your Roth IRA and there is no capital gains tax! Wooo! Speculation with your retirement money!

 

[Hamburger]

Free money.

Thanks for contributing to what is wrong with America today.

Very well, Money in exchange for being smart enough to figure out the uber complex "buy low/sell high" conundrum and expending the tremendous effort of pushing some buttons on a keyboard. I spend more effort and thought getting a Pepsi from my fridge than he did to make over $1000 (not a dig at SIV, I'm sure he did his research, just illustrating a point.)

Yup, you figured it out. Our personal stock accounts are what's wrong with America. The concept of profiting from putting our disposable income to work for us instead of pissing it away on lattes. Better call your representatives so they can get right on it.

 

[Metro752]

Very well, Money in exchange for being smart enough to figure out the uber complex "buy low/sell high" conundrum and expending the tremendous effort of pushing some buttons on a keyboard. I spend more effort and thought getting a Pepsi from my fridge than he did to make over $1000 (not a dig at SIV, I'm sure he did his research, just illustrating a point.)

Yup, you figured it out. Our personal stock accounts are what's wrong with America. The concept of profiting from putting our disposable income to work for us instead of pissing it away on lattes. Better call your representatives so they can get right on it.

No, the words, "FREE MONEY."

It's not free. You took on a risk, and made your money. Nothing FREE about it.

 

[Hamburger]

How about 'free' in the sense that no goods, services, or real effort changed hands in the same sense that it would have 'disappeared' if he had played his hand opposite?
I think I see what you're driving at now. Something along the lines of our current problems have their root in fools thinking they'd found a way to marginalize risk beyond the point of consideration?

Semantics aside, getting taxed on 25% of something is a hell of a lot better than getting taxed on 0% of nothing. Hats off to SIV for having the financial discipline to currently have the cash on hand to capitalize on the silver lining. He (and his Avatar!) is what is Right with America.

 

[Salukipilot4590]

http://www.youtube.com/watch?v=phFgCLguSNI

 

[Hamburger]

Hey man, nice shot.

 

[banditdriver]

Do most of you guys use Etrade, or is there another site that anyone would like to recommend?
Thanks..

 

[siucavflight]

I use sharebuilder.com it is ING direct. I am very happy with them.

 

[makersmarc]

Alright, I'm just dying to ask: what is your strategy for getting out of MESA? Eventually it's not going to come back. You buy 20000 shares @ .10 ea ($2000) and the stock goes down to .05. Do you get out then, or do you buy more hoping that you are getting a really good deal for when the stock shoots back up to .14?

I know this sounds preachy. I hope you are the exception to the rule and that you make a ton of money on MESA. Just remember that you aren't the only one playing this game, and there are others doing exactly what you are doing and that is what is causing the oscillations in the share price.

Two emotions rule the marketplace: fear and greed.

 

[makersmarc]

siucavflight, regardless of what I said in my previous post, that is on fine avatar you have there.

 

[siucavflight]

Makersmarc, I am already up on the stock, I sold it, now bought it back. my exit price is .20, if it goes down I will buy more, if it goes down a lot I will buy a lot more. I would like to get close to 100,000 shares averaged around .10, if I can do that I am sitting pretty.

If there is one thing that JO has proven it is that he is not going to disappear, most analysts agree that the stock is way under valued.

As with any stock there is a risk, and I am well aware of the risk, nothing is a sure bet, but I feel pretty good with this one.

I also bought a ton of Citi at 1.80, and American Airlines at 2.45, and AIG at .50. Now is the time, if you have any extra money laying around invest, there are some real bargains out there, and signs of the recession easing.

 

[clickclickboom]

I consistently make money on Jetblue Stock that seems to have have greater swings than some of the other airlines.

You can make money but I have also lost $35,000 in a few days so ask yourself are you willing to lose the money you have invested? If thr answer is yes than move forward and enjoy.. I'll make back my losses this year and then some. ( There I rationalized )

Remember your sales need to be reported on IRS Form 4797 to satisfy the IRS

PS DONT ANYBODY USE ETRADE THEY SUCK MORE THAN MESA

 

[kf4amu]

I also bought a ton of Citi at 1.80, and American Airlines at 2.45, and AIG at .50. Now is the time, if you have any extra money laying around invest, there are some real bargains out there, and signs of the recession easing.

Just want to point out what he's describing is speculating, not investing. As long as you know the difference, it's fine to do either.

Many people speculate when they should be investing and lose lots of money.