They have jacked around the share price so many times with this thing nobody wants to play any more! This thing has been peed upon so many times in the past there is more pee than seawater around the ships here! Tired of all the games played here! Bring it down hard before anything good is about to happen and all it does is get back to where it was before. Then slammed again on news! How do you people that have owned this thing for years put up with this #$%$! I can't believe the share price is set electronically! No fric king way! Share"holers" here are assuming the position all the time! CTR
I get it! They are waiting for the clowns coming in and shorting the stock after the news today. Earnings in a few days will send them covering. This thing is SO manipulated at times it should not be legal. Who says the prices of stocks are set electronically? No computer is this smart while looking dumb! CTR
Same idiots that had a $27 price target when it was $22 and it went down and set a 52 week low at $19.44 within a week!!
Oil just going over $100 is better! They will have to stop the manipulation soon when the herd shows up. Watched it in the morning and saw them move the price 5-7 cents on every trade of 100 shares. Then late in the day thousands of shares roll by with no price change. It's a joke!
Only three more weeks to go till earnings! The game here is very simple! This stock is strong when it looks weak and it is weak when it looks strong! Been that way for years here for a reason. Insider buys and poor PR. They had three ships on TV everyday in the news for how many weeks during the spill? And nobody today knows who they are! CTR
It's a fricking "service" company, not a "manufacturing" company! Almost two months to get earnings is totally unrealistic in today's information age and technology! It gives those that are "in the know" plenty of time to play these games! Release in a week like AA, no games can be played! CTR
Why did I buy this thing again? It was acting so good before this latest excuse in the overall market. Then huge hits in the share price daily and now oil is continuing to go up and what are we doing? Only 200 shares traded in the first 4 minutes of trading. Then they try to take it down to set a new 52 week low that did not work. Now we all have to wait about another month for earnings? If AA can release in about a week with their business model why do we have to wait almost two months? How many boats and how many transactions are we talking about at HLX? Good God!
And if they change their business model one more time everyone is going to puke! First it was all about the boats. Then it was let's add O&G properties at the height of oil prices as a smart move! Then, let's get rid of those properties. Then we need another expensive boat and let's call it Caesar! Then it was all about well intervention and let's get rid of all those expensive boats and go underwater! Well the share price is going underwater alright!
Nobody is following this thing anymore! Today they brought it down in the first hour of trading hoping the day traders would snap up some shares. Nope, wrong again! This is the most manipulated mid#$%$ stock I have seen. They can pretty much do what they want with it, which is currently driving it down on low volume while the price of oil is stable to going up. Getting sick of this! No wonder no one is buying this game any more! CTR
A bunch of giddy AAMRQ idiots here talking hillbilly talk about their shares in their accounts as if they are counting their piggybanks! Like my best friend said once "It does not take any brains to screw! All animals do it!" There must be some animals that can count pennies I'll bet! Will be so glad when lowlife's are forced off this bus. The LCC board was at a much higher level than this thing now. "Got my shares in my account!" What idiots! Please get up and give up your seat on this bus. Maybe we will hit a pothole and you will fall off and find a new adventure in life, not! CTR
Well, I am not sure how much authority you need and are willing to pay for. My advice is free at this point. You are welcome to trump me with a tax attorney if you want, or pay another CPA for a second opinion. I have prepared personal returns for about 35 years. I never owned AMR stock so I did not pay that much attention to that side (owned LCC). But what it appears you do not understand is that you became part of a tax-free exchange in the merger. That means you do not report any loss or gain until you sell. There is no taxable event until that time in a tax-free exchange. Your dollar basis simply rolls over to the new shares. It's not that difficult to figure out once you know how many shares you will get. You will know how many shares you get by or around April 15, 2014 after the last exchange. If you don't know by April 15th, 2014 and you sell some shares in 2013 you have two choices. You can extend your 2013 return until October 15, 2014 if you chose and file when you know. Or you can guess at the basis and file on April 15, 2014 and then amend your 2013 return later. I suggest you chose to extend it. But, I think you will know how many total shares of AAL you will get by April 15th, even though it may be close to that date. But there will be no mystery that you need to find out. You know the total dollars you already invested in AMR for you dollar basis. Once you know how many total shares you are getting in the tax-free exchange most people will simply assign average cost method my dividing the total dollars by total shares to get your dollar per share basis. If you bought AMR over a number of years and paid significantly different amounts per share in your basis you may benefit then by using the specific identification method and sell the higher basis shares earlier (like in 2013) if it produces a loss or a lower gain. If you bought all at one time and you sell all at one time it will not matter. CTR
I'll answer that! First, by April 15th when your tax return is due you will have received I believe all your AAMRQ shares? So at that point you will know exactly what your basis is spread out over all your shares. Thus, IRS will not allow any monkey games with basis. Of course, you are always welcome to try. Heard the argument many times. Well so and so did it so I think I should be able to do it! Those kind of people who try something they shouldn't never come back later and publically admit that they should not have done it because they got caught by the IRS with penalties and interest. So yes, you can go right ahead and try to play games if you want. But, as of April 15th you will know what the right answer is regarding basis on all your shares you received (and sold in 2013 if you do so). One thing you can do with basis is use specific identification and assign different basis to the shares if you bought on different dates. Depending upon how much you paid for the shares originally you may have some shares that will produce a loss which you could sell in 2013 and some that produce gains which you could hold on to. CTR
The maximum tax on capital gains went up from 10% in 2012 to 20% in 2013. Basically Congress let the Bush maximum capital gains tax rate reduction to 10% expire and it went back to 20%. If you are really wealthy, like with an AGI of $200,000 single or $250,000 married you will find out you will also pay another 3.8% on a new tax for 2013 on UNEARNED income. The new tax is not talked about in the press, but it was to help fund the Obamacare law. It includes all retirement distributions, passive partnership income and all Sub S corp income, dividends and interest. Now you pay income taxes on everything, self-employment or SS on earned income and 3.8% on all unearned income above those AGI (adjusted gross income) amounts above. So much for the argument of double taxation! And of course I forgot the top marginal rate for federal went back to 39.6%! Not up there? Well the lower brackets all shrunk too! Fun! Fun! Fun! If you are wealthy or not so wealthy, prepare to open up your wallet in April! CTR
I know what you are thinking. There are gains in this stock so no end of year selling to deduct the losses. But, what if you think there are still shorts in it that have ridden it up? It's the opposite of buying long with losses. So just a wild guess on my part but I see a bias to the upside until year end, then a pull back before the 8th. Could also be some window dressing added in by some of the larger funds as well. Plus some anticipating the inclusion into the S&P 500 coming up. CTR
I repeated that very point over and over here about a month or two ago. Yet, the most informed here rush like someone trying to catch a bus to reply to Spade. I am convinced someone on this board plays both sides of the net here. We do have to give Spade credit. He has instilled enough hate in people here that they feel compelled to reply to his worthless posts. And some would argue that the emotion hate is not far off from love. So some may actually love him! I'm thinking he lists a dumpster as his address on his 1040. He is an expert on garbage out. Enough! Now he's got me doing it! CTR
God PLEASE!!! Please send us the MEN in black SUITS to rid us of these non-Earthlings that have NO CLASS!!! CTR
Your office is an outhouse, and your so called D&D is Digest and Dump! All along you are spouting off worthless gibberish that never seems to end in your posts! This one is a good example. I don't know how you can even afford a wireless connection to post this #$%$ while you are dumping! Must be a cord running to Mount Sinai for your sermons while on the throne all day. CTR
Only one problem with that statement, it's who's saying it!! Kind of like saying analyst say Bigfoot now flies AAL so you might see more leg room in 2014. CTR