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Saturday, April 25, 2009
The Best Stocks to Watch
The best stocks to watch for next week are........ Who frickn knows. What a week in the market. There is so much ging on. Please be careful to learn before you burn your money up in the market. Find a strategy, at a low cost to you and work with it. I am going to follow Bank of America this week and see if it stays under 10 dollars per share. As a matter of fact. Make a list of all of the companies that the USA is backing, or "Owns now", and watch what they do for a week or two. Look at the 52 week highs and 52 week lows in the stock. That way you can see how high it got over the last year and how low it got as well. Pick a price to sell. Don't get greedy, if the stock is at $10 and it goes to $15 you made money. You have a capital gain of $5. You have to pay 15% capital gains tax on that $5 that is .75. You made $4.25. You follow? So if you bought 100 shares at $10 per share you spent $1,000 your $1000 went to $1,500. You made $500 minus short term capital gains tax (Fed & State) about 20%, You made $400 bucks. Getting greedy means you let it get to $20/share and forgot to sell and it droped down to $5. Now you lost -$500 bucks where you could have made $400. You got it?, good. I am not giving investment advise I am just saying that we can make money in this market but do not get greedy.
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