SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?


To: Senor VS who wrote (3042)10/15/1998 8:28:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 12475
 
Doin' fine.

Ravi:
I am doing fine in the market,including the horror week of last. I refused to buckle and held on to my positions as I was still in the black on the 7th when the market went haywire but I have to admit I was bit concerned.

I did pick up more i2 for the second time (in two weeks) few days ago and doing rather well with it.I see the stock doing well especially considering earnings release is only a week away and I have a feeling they should at least meet the consensus over even beat it by a penny but then again I may sell it before the earnings and run with the money I just don't know yet.

My DELL is doing rather well and considering most of my money is in it I am quite pleased.

Right now I am in the process of finding one or two more companies which I can invest a few more dollars since a majority of the stocks are at their 52 week lows including the good,the bad and the ugly but the trick is finding the good ones as you know.I don't think the good ones will stay there for too long especially considering Oct will be soon over,investors confidence should be restored to a more healthy level and money parked in bonds & money markets should start coming back,mutual fund guys should also be back after Oct.I need to find some good companies do you know of any?

How about some software companies, I even consider Desi ones and here I am thinking Mallaya's and possibly the other guys out of Pittsburg.



To: Senor VS who wrote (3042)10/15/1998 9:06:00 PM
From: JPR  Read Replies (2) | Respond to of 12475
 
Ravi:
I have to wait for 31 days before I can get it again to avoid the wash rule.
I was told that you can still buy and sell a stock on which you sustained a loss, as long as you sell it off on 12-31-98 and buy it back on 01-01-99. Whatever loss you sustained recently still is applicable towards your deductible and you can continue trading that particular stock. Anyway you can check this out with your tax advisor.
JPR