What stocks are you buying tomorrow as dowjones lost 630+ points today?  Are you planning to still wait?

These are in my watchlist:

MRK - Merck
INTC - Intel
WM - Waste Management
SO - Southern Company
NLY - Annaly Capital
PEB - Pebblebrook Hotel Trust
KO - Coca Cola
BAC - Bank of America Corp.
GE - General Electric
PG - Procter and Gamble

Any thoughts on these?

Nope, bro-da,it is raining outside and they are forecasting there's gonna be more tomorrow, off from work too so "Kambal oodne ra daroo sutne" plan cha.Day after tomorrow seems quite sunny,let's see.. ah coke kinera khanu parla tyo din..

KO is dow component, nakhau it will go down with everything lol. I would buy sprint but then I am hoping for iphone on it.

I would still be wait for a month. Paani parne season cha.. Ajha ali paani parcha.. ani Jado lageko bela ali ali tarkari kinnu parcha saathi

 hoina hau saathi ho, yo BAC ta jhareko jharekai cha.  Feri AIG le pani sue gardai cha re yeslai, $10B ko loss bhayo bhanera.  BAC is selling for 6.38 right now.  Ajjai jharcha ki ke ho?  Remember back when Citi was selling for around $3 for a while, and at one point even hitting below $1?

Citi is still around 2.79 , without the 1 for 10 R/S....BAC got hit by both the market as well as the lawsuit...there's no telling when its gonna hit its real bottom ...it might pull a citi after all ...jst my opinions

 Tyranny, if you were to buy BAC sometime soon, what would be your entry point?

 hey guys,

I have a questions for you all.  I am new to this stock and tax related to stock thing.  when i filed tax last year, i did nt report transaction related to my stocks becasue i had lost money on my stocks.  now i got this notice from IRS ( AUR Control).  I do not know how to respond to this.  Do you guys have any idea?  Now, I learned that i can actually claim of loss up to 3000 bucks in a year, rather than paying the taxes they imposed on me for the transactions.

Thanks.

Not that I would buy it right this minute ....but here's what i came up with ...looking back at charts from early 2009 for BAC ...it does not even make that much sense either but here's the best i could come up with ...

the price its trading at rt now is kinda in the middle of nowhere or nothing indicative...could go either way

as far as supports and resistances .... this stock hasn't spent time  in this range for much so it is hard to tell supports and resistances

only if the 6s hold , entry would be around 6.00 to 6.10 , with a stoploss that WILL execute (not just a mental stoploss)  at 6.00 cuz this stock has seen 3s too ... if it goes lower you can always rebuy it at  4s or  3s

even with that i think its pretty much a gamble right now, but given it is one of the biggest banks it has got to rebound and any bigboard stock if held for a year or two is gonna give u returns even though it might be jst because of the inflation

I am just putting this out there and I have read this in sajha before too from someone else...and this might sound like a conspiracy theory too ..but here it is

this morning all the media was like.... the downgrade did not affect the market that much and they were preaching not to let the emotions affect your decision to trade(the underlying message being dont sell off), it opened up lower and its off of its lows now(was similar with the futures yesterday night too..but when the market recuperated a little...the true bloodbath began

is it just me or was it that the media facilitated the big guys sell off first...then came the bloodbath?

You should file an amended return with schedule D.

Biology bro
http://www.irs.gov/taxtopics/tc409.html
I sold my BAC for 7.50 in the early trading today so glad I did it, BAC has lot of baggages I would buy it once the mortgage mess is sorted out or we would know the exact figure, any recommendations guys, what do you guys think about zipcar?

 Thanks anon.  do you know what information do i need to provide in that form?  I do not have records of all the transaction done in 2009.  In such case, what are my options?

Your trading house should provide you with 1099 with all the stock transactions you made in 2009. You can contact your tradinghouse if you haven't received it or misplaced it and you can fill out schedule D with that information and file amended tax return.

 Thanks anon, apperciated.

nepali_american,
Technically speaking, market( S&P) closed today on 1119 which is '10 summer low. That is a very important level as it had already taken out the march low 1234 last week. Now, from the top of 1370, 20% correction means close to 1100 for S&P. Upto 20% correction is expected in healthy bull market but anything more than 20% is considered tecnically a bear market.  I expect market to test that level....as it had already breached that level on futures market. If it holds tomorrow and closed above or close to 1100, bloodbath may be at its end and u can think about buying. But, 1100 doesn't hold, we r straight headed towards 1020. so be careful and stop bottom feeding here. Let the fundamental picture get a little clear and technicals will give u nice buying opportunity...just wait and don't panic. If this is the bottom, it will consolidate before another leg up..so stay tight and look for great stocks to get in.

I would not buy any banks here as i have seen in europe, individaul country ratings downgrades were followed by bank downgrades...freench banks are waiting for downgrades too...this will drag bank stocks for near future...they might look cheap but once sugar went down from $2 to few pennies and looked cheaper along the way many times....get in techs, industrial and retail stocks if market goes up....at least don't try to pick the bottom here...
Good Luck

Good morning, saathi-haru.  Are you ready for some football or rather, should I say, another fascinating day to watch, or possibly trade, in the world of investment?  Is it going to be a rollercoaster day?  Probably not if VIX at 10 is to be believed.  I am really curious how BAC works out today.

President Obama and tyranny, thank you for your insights.

Feds statement at 2.15 eastern ...

 Hope saathi-haru-le made some money today.

Bernanke saved the day ...futures kinda decent right now levelled or green by a couple of points..
BAC kinda looking good rt now...I think the AIG bullet hit and healed for now(until further news) it traded pretty much along with the market all day
any opinions??