New long: SQNM (5.76)
Going for the late day trade long. Target is 5.90. Risk is a nickel. :0 Let’s go!
Currently I’m working on taxes. I just want to mention two extra schedules that you may want to include in your taxes that many people overlook (sorry, these are non-trading related. I’ll give you some of those tips later).
If you file 1040, include Schedule M called the “Make Work Pay” credit. It’s worth 400 for singles, and up to 800 for joint minus any other Obama economic recovery payments already received. Good for 2009 and 2010 so far.
If you file 1040, and pay real estate taxes on your house but you do not Itemize (you don’t file Schedule A), then file Schedule L to increase your Standard Deduction. Good for 2008 and 2009.
If you bought a new car in 2009, you can deduct the state taxes.
And finally, you have until April 30 to buy a new house to take advantage of the $8,000 new home buyers credit. You can claim on 2009 or 2010 return, up to you. For more details, check out this site: http://www.savingtoinvest.com/2009/02/15000-first-home-buyer-tax-credit-in.html
So basically, thanks to America going wild with the real-estate market a few years ago, spending ourselves into a recession, we have all these new Government tax provisions to help stimulate your back pocket. Don’t be cheap, hire an accountant and save some money, or get into your private airplane and crash it into your local IRS building. Up to you.
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GAZ = UNG is a falling knife, confirmed falling knife–first up day GAZ, go long UNG.