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Gold/Mining/Energy : Ensco International Inc. (ESV)
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To: Charles Holewinski who wrote (1489)9/21/1998 8:59:00 AM
From: chum slury  Read Replies (1) of 2005
 
I have basically done the same thing but don't use a broker in my tradings. I watch the 50 edma using the Schwab website(that part is free) Just click on Quotes and go in. If a person looks at a stock that they own and follow the line selling when it is below and buying when it is above the will still catch most of the profit and miss most of the downswing. I was just stopped out of ESV at 13 1/2 Friday and don't plan on entering until it starts to break on the upswing again. With Ameritrade the trade at market price is $8.00 for the first market order and $13.00 for the stop loss. The total in and out would be $21.00. I do feel that we may see some pressure on the stock with a larger than usual amount of tax loss selling at the end of the year with this stock.
Another thing that I do is I buy a stock in my regular account and if I get stopped out I take the tax loss. If I want to buy the stock back before the 30 days are up for taking a tax loss the I repurchace is back with an account that I have some IRA money in. That way a person can still repurchace the stock the second time around before the 30 days and still take the tax loss writeoff. Example if you are down on Esv and don't want to sell for fear of it upswinging then sell and buy the same day. The only costs you would have is the transaction fee and the difference between bid and ask.
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