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To: Wyätt Gwyön who wrote (112018)10/16/2008 5:32:58 PM
From: zebra4o1  Respond to of 206334
 
The next administration will probably have a special 90% tax on profits from puts on financial companies. Or maybe just a 90% tax on put profits period.

Anyway, I couldn't hold out any longer and cashed in my MS puts. Was planning to spend it on BPZ and IOC, but they had one of those last hour runs up. I always get caught by those darn afternoon recoveries.



To: Wyätt Gwyön who wrote (112018)10/16/2008 5:57:14 PM
From: Condor6 Recommendations  Read Replies (1) | Respond to of 206334
 
don't forget we will have a socialist govt next year, so taxes will be much higher

They can't screw up any worse that this admin. They put the entire world into chaos.



To: Wyätt Gwyön who wrote (112018)10/16/2008 6:07:25 PM
From: ChanceIs  Read Replies (2) | Respond to of 206334
 
>>>don't forget we will have a socialist govt next year, so taxes will be much higher.<<<

McCain keeps pitching an increase in the cap losses deduction from $3K to $15K for 2008 and 2009.

Sounds good to me. He is shouting into a hurricane. I somehow don't think that BHO will be interested.

I still hold out hope for my Canadian oil companies. BHO will raid the treasuries of Exxon and the like, but I don't think he can molest the Canuks. Remember, Canada is the US' single largest supplier. While the FED can print money, it can't print oil.

Exxon to reorganize in Calgary???



To: Wyätt Gwyön who wrote (112018)10/16/2008 6:33:24 PM
From: Metacomet17 Recommendations  Read Replies (1) | Respond to of 206334
 
don't forget we will have a socialist govt next year...

No we won't.

Obamas gonna win....