FLYI Stock Tumbles, Is it over?

[Traderd]

By the way, and I say this with a laugh, with the stock at .25 and you bought 10,000 shares (which were not available), and suddenly "spikes" to .32 you made a wopping $700.00. And commission for 2 trades is $16.00. And,,,,,,,,, since it was a short term deal, 50% tax.

I don't see $334.00 as a tidy sum for the risk.

Sorry, just couldn't resist.

And, if it dumped 7 cents you lost $700.00 and the comission too.

Can you quote a source for the claim there is a 50% tax on ST gains (taxed as ordinary income)? Haven't seen that one with the top bracket at 35% (28% for certain LT gains).

I agree that the risk/reward ratio is a bit low on FLYI for my taste. And I can't imagine anyone willing to risk capital for $300/day would last long as a trader. If you're trading 230 days (a lot of days to work in a year) that is only about $70K. Why bother?

 

[CurlyD777]

Since everyone here is so knowledgeable on investment stratagies, I wonder why we chose to work for $20 an hour?


Ok that was a joke to get everyone back on the childish "money makes my job" wagon. On a simular note, my investment knowledge on penny stocks, look at UAL's chapter 11 exit stragey. Investors will expect to receive 4%-7% on their outstanding $20-30 billion receivables. And part of the exit is that all excisiting stocks will be vanished and new stocks issued to creditors to pay off their debt.

Crazyier things have happened though.

c.

http://biz.yahoo.com/ap/050908/united_airlines.html?.v=6

 

[Traderd]

Since everyone here is so knowledgeable on investment stratagies, I wonder why we chose to work for $20 an hour?


Ok that was a joke to get everyone back on the childish "money makes my job" wagon. On a simular note, my investment knowledge on penny stocks, look at UAL's chapter 11 exit stragey. Investors will expect to receive 4%-7% on their outstanding $20-30 billion receivables. And part of the exit is that all excisiting stocks will be vanished and new stocks issued to creditors to pay off their debt.

Crazyier things have happened though.

c.

http://biz.yahoo.com/ap/050908/united_airlines.html?.v=6

I do not claim to be "knowledgeable on investment stratagies". I have traded equities and futures contracts for a living for a number of years. And while I will not denigrate anyone's salary, I can assure you I do not"work" for anything that approaches $20/hr.

 

[labbats]

I do not claim to be "knowledgeable on investment stratagies". I have traded equities and futures contracts for a living for a number of years. And while I will not denigrate anyone's salary, I can assure you I do not"work" for anything that approaches $20/hr.

Somebody is a fancy boy.