Stocks

[pixi]

Is SHLD a buy?

Do you think it's  bottoming out ? it's doing nothing but going down down down !

[Mikeoracle]

Is SHLD a buy?

I wouldn't touch it. I'm in the retail distribution industry, and everyone is very concerned. No one is insuring against them, we put them on a shipping hold for now, with a lot pending shipping...
Internally they have been constantly laying off buyers and planners, with no real structure. Sentiment is not good.

[Adam101]

Maybe go bearish

[12HRS]

I wouldn't touch it. I'm in the retail distribution industry, and everyone is very concerned. No one is insuring against them, we put them on a shipping hold for now, with a lot pending shipping...
Internally they have been constantly laying off buyers and planners, with no real structure. Sentiment is not good.

whats your feel on JCP

[Adam101]

whats your feel on JCP

What's your thoughts?  Any reason it would make a move?

[Mikeoracle]

whats your feel on JCP

neutral at the moment. They seemed to have been in trouble but possibly straightened out for the moment

[Mikeoracle]

Maybe go bearish

Eddie makes me worried about going bearish without a hedge. You never know what he pulls off next

[Centro]

Eddie makes me worried about going bearish without a hedge. You never know what he pulls off next

He better should, otherwise;

[Adam101]

Eddie makes me worried about going bearish without a hedge. You never know what he pulls off next

If you hedge properly,  as long as it moves,  you should be fine

[Adam101]

STZ earnings next week

[Mikeoracle]

I have 2 positions in my Portfolio (with TD Ameritrade) that have been sitting there for a while and are basically worthless (ACLP and MHCC). To sell them off would cost me more for the fee than what they are worth.
Is there any way to close out these positions so I can use these losses for 2016 without actually selling and paying the commissions?

[ExGingi]

I have 2 positions in my Portfolio (with TD Ameritrade) that have been sitting there for a while and are basically worthless (ACLP and MHCC). To sell them off would cost me more for the fee than what they are worth.
Is there any way to close out these positions so I can use these losses for 2016 without actually selling and paying the commissions?

I am not aware. But the commissions you will pay will also count towards your losses.

[Mikeoracle]

I am not aware. But the commissions you will pay will also count towards your losses.

Good point.
Though when I tried selling my position in ACLP, I get the following message;
"Transactions not allowed for this security due to SEC Suspension"
How am I to get out of the position to be able to take the loss?

[ExGingi]

Good point.
Though when I tried selling my position in ACLP, I get the following message;
"Transactions not allowed for this security due to SEC Suspension"
How am I to get out of the position to be able to take the loss?

PUTPAC

If they tell you that you cannot liquidate, call your CPA, maybe you can just write it off as worthless.

[eli1571]

What's the consensus, will the Dow pass 20k ?

[Adam101]

What's the consensus, will the Dow pass 20k ?

Yes.  Before new years

[since1492]

What's the consensus, will the Dow pass 20k ?

it definitely will, the question is whether it will happen this year

[eli1571]

Yes.  Before new years

Don't you think that's pushing it, by tomorrow it will pass 20k ?

[Adam101]

Don't you think that's pushing it, by tomorrow it will pass 20k ?

Actually didn't check but it's up to when I posted. It's hard but I'm betting on it. Not a lot though

[KidOOO]

I am not aware. But the commissions you will pay will also count towards your losses.

Isn't it worth to pay the $10 or whatever the commission is so you can write-off your losses correctly?