Brexit stocks... you're welcome

[jethreauxdawg]

I bought when Josey said. BCS has been alternating gaining/losing from day today. I decided to try my hand at day trading and cashed out yesterday afternoon at 8.37. I planned to buy again after it dropped today. For those of you who still own this stock, you're welcome. My luck continues. BCS now at 8.56. Don't worry, I'll be around to help y'all with football bets this fall**

 

[patdog]

Bought at 7.29. Probably won't cash out till it gets to 10.00-11.00.

 

[coach66]

I'm still holding my five stocks and don't plan to sell anytime soon. Most pay

a semi annual dividend which I'm not crazy about. Barclays, Vodaphone, Loylds, British Telecom, and Lazaard.

 

[T-TownDawgg]

Oh, great. Que TheStsateofUofMS to hijack this into a 3-page slapfight with Josey

 

[TheStateUofMS]

You got nothing to worry about. I stand by opinion on these stocks

The OP is right about luck. Congrats on taking your gain and not being greedy. Just have a reason you want to own these and that reason not being this stock is "usually $18." There's a reason BCS has lost 50% of it's market cap past several months along with all the other EU banks.

Dead cat bounce/counter trend rally is what I think this is.

I won't be arguing my convictions about this I promise. Especially not with Josey. I will listen to the Godfather and spare you all!!

 

[BiscuitEater]

Oh great .. another 'look at my dick' post. Can y'all take this crap to another board?

 

[Dawg1976]

I'm not showing mine. As far as stocks go.....nothing to show there either. Dow at record levels keeping me on the side line.

 

[121Josey]

We thank you for your luck.** Nothing wrong with taking a profit. Financials just happen to be in favor now. But as you get closer to Labor Day, who knows?

I wouldn't recommend day-trading, but if you find a trading range of about 5%, then nothing wrong with trading in that range. If it hits that rang everyday, then it's a little risky. The range for BCS was $7.80 - $8.10. It's probably around $.50 higher now. So, it may come back to under where you sold. I don't know if I would run back in to buy right now.

For those interested in the dividend, I got a dividend check this week from an overseas bank. They charged me a small fee for it and withheld international income tax. It knocked a percentage point off the return. That was bummer.

I think oil will trickle down to around $35 into September. I would keep an eye on that over the next month.

 

[stateu1]

You'll get credit for the foreign tax on your 2016 1040 when you file taxes.

 

[jethreauxdawg]

So that's why you clicked on the thread

Oh great .. another 'look at my dick' post.

Sorry no pics.

 

[mcdawg22]

I bought when Josey said. BCS has been alternating gaining/losing from day today. I decided to try my hand at day trading and cashed out yesterday afternoon at 8.37. I planned to buy again after it dropped today. For those of you who still own this stock, you're welcome. My luck continues. BCS now at 8.56. Don't worry, I'll be around to help y'all with football bets this fall**

I don't need no Brexit. View attachment 4676

 

[CochiseCowbell]

But, you do need a free/cheap Koozie. Things get heated in these threads.*

 

[patdog]

You'll get credit for the foreign tax on your 2016 1040 when you file taxes.

File Form 1116. In most cases, you'll get a direct credit to your US taxes for every dollar of foreign taxes you paid.

 

[jethreauxdawg]

Thanks. I'll hire a tax professional this year.

 

[mcdawg22]

But, you do need a free/cheap Koozie. Things get heated in these threads.*

Luckily I shorted my usage with Fins Up Yeti stock.

 

[stateu1]

File Form 1116. In most cases, you'll get a direct credit to your US taxes for every dollar of foreign taxes you paid.

There's actually an election to get the credit without going through the hassle of filling out 1116. Most people qualify.