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I believe the time period is three years. but then you can always do a "starker"(SP?) 1031 exchange (as long as the rules have not changed since I last looked. I hope that this house is with me when I die and that I can pick up 2 or 3 rentals a year. Great tax write off and it appears to...

I bought the house that I just moved into about a month ago. We needed to find tenants for our old house and then give notice to the tenants to the new house. So this reply is coming from my new home office. So far so good

I am moving where I live and my office so I will not be making any posts for a few days.

BP about even for the day. A little bit down but even the puts fall in price as it appears that we are hitting bottom for the price. BP was hit with more bad news when a robot caused the top hat to be removed. Even so the price of the stock was largely unchanged while being higher for much of...

Just a couple of names today Even so it was a little bit crazy with BP and RIG after the court ruling that placed an injunction on the federal government six month ban on drilling. I did not see an edge so I just sat on my hands and watched. I came close to fading the BP move higher as I...

Why are so many people on this site which is a free market type of site so in favor of the government controlling lives? I don't smoke, don't really like smoke (I avoid bars that are full of smoke) but I sure as hell rather have the choice than some bureaucrat who believes they know whats...

Started out kinda crazy I am glad I came into the office earlier than normal. I also look forward to not having an office and working from home so I can spend more time when it is important to get ready for the day. I was the proud owner of 200 shares of GOOG that I did not know I bought. TS...

Cramer says to stick with it. Take what you will out of that Netflix also. I am waiting it out for the possible spike up and then I will begin to sell naked calls. Other than ATT sucking really bad and APPL appearing like they have not figured that out yet AAPL appears to have a lot...

You suppose I think the members didn't get any stock? Ok, I think that effectively demonstrates your cognitive ability for all to see. Care to disclose what you do in the marketplace? Might that reveal your motivation to attack someone who is trying to improve the trading opportunities for...

Spent all day working on option strategies into the close. I thought it was interesting to see the BP options including both puts and calls fall in price as much as they did. I understand the premium should fall in half over the time from yesterday to today but when you add in also that the...

I am currently looking at changing over from IB to lightspeed so I have been comparing the two. I like IB overall but that doesn't mean I don't want the best I can get. IF you trade in 100 share lot / 1 option contract size Lightspeed will be cheaper as they do not have a ticket charge. For...

On some big dog stocks like GOOG you may have a real chance of not getting exercised for 11 cents (still more likely than not though) On a $15 stock I would believe the odds are greater than 95% but its still a lotto and you really never know until it is to late to do anything about it...

Hello Win, The very most important thing I can tell you about margin with IB is NEVER and I mean NEVER subject yourself to a margin call. They are automated (its why the rates are low I believe) and so you will not receive a phone call or have time to send money in. Liquidations are done...

Just a point of clarification. IB cut off time is 4:30 P EST not CST which is then 3:30P CST. So IB being fully automated has a cutoff time of 30 minutes after the normal trading hours stop. Lightspeed trading as well as some others I have been talking to has a cut off time of 4:30P CST...

Great thoughts on your part. Liquidity really dried up in the stock exchanges when retail traders could buy on the bid and sell on the ask. You have no clue of economics or you are hoping others do not. It appears pretty obvious that you want to keep the retail / non MMs at a...

Well beyond adding up the amounts that I list everyday like anyone could I would say that I am currently down about 8K using mark to market(more if not as I have open gains). But I am unsure. I was up about 5k before last wednesday when I had my head handed to me by being a day early in my...

BP largely gets wound down today I started the process yesterday and finished up today my trading with BP. I still have OCT puts wrote but I do not expect to do much with them absent some large price move (totally possible given BP lately). I would expect that volatility will be dropping and...

I am unsure why you think there was too much focus just on BP? I did the same with GE and LVS (made two trips to vegas and stayed at LVS for my due diligence...) Also lately I been trading a lot of C and have the stock along with three different option series with it. With BP I could see...

Your totally right. I have studied this stock inside and out and I felt that this stock would be in play until this fall. I am currently in a holding pattern with OCT OTM naked puts wrote to collect time premium but otherwise waiting for the next move. I would like to see a retest of the lows...

I think you bring up some good points. I would add though that this is the nature of our business. In my humble opinion it is as much foolish to believe that anything can not happen at any time with any stock. Enron and Lehman are good examples of two that went away. GE and LVS are two that...