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?

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??

 I watched Brian Moynihan's interview with Maria Bartilomo.  He avoided lot of questions and did not look very credible.  Will have to see how tomorrow's press conference goes.  Nonetheless, I think BAC is a good buy right now.  The fact that it is the largest bank in the US makes me think that in matter of few quarters or even couple years, the investment made now will render a good return.

Acquired bunch of DRYS and AA today.

Former is a speculative play, latter is value play.

DRYS could be 10 bagger, most likely not, but if it does then it does, hoina ta?
AA could easily double by this time around next year.

Just my opinion.  Take a look.

AA looks fine to me too. DRYS , a greek company with such a horrible chart pattern, I could not understand yr choice. You could have found better speculative plays. Just my opinion...not trying to offend u.

Look HPY. May be pricey but solid technicals and fundamentals look ok too. If it hits 21.00, I am buying it, looking for $ 10.00 upside.

Good Luck.

DRYS was on my friday's list on my blog, a list of smallcaps which got hit hard by the market fall...most of the smallcaps have the same kinda charts right now...it might not go back to where it was but it could get halfway...hoina ta ?
Insiders are buying, hell Warren Buffet is buying...but this might be just the media too ...50-75 cents up on DRYS would be my sell point

"DryShips Inc. (NASDAQ: DRYS) has Thomson Reuters estimates of $0.18 EPS and $263.55 million in revenues; next quarter estimates are $0.22 EPS and $322.18 million in revenues.  Shares are trading around $2.75 and the 52-week trading range is $2.19 to $6.44.  This one is no market mover nor is it a sector mover.  What it is a volatile stock when news comes out and that low price may only exacerbate that news."(source:  somewhere from google finance)

just my opinions though

some small caps and previously beaten down stocks, with not much to find about fundamentals online but technically sound(For Myself atleast)
I am putting forward here few stocks for yr watchlists
PZZI     $ 2.8      buy@ 3.01    T1 = 4.5, T2 = 7.5
PFSW  $ 4.94    buy@5.30     T1 = 6.7, T2 = 8.0
HLYS   $ 2.24    buy@ 2.85    T1 = 5.0, T2 = 7.5         LOW VOLUME
TSON  $ 4.73    buy@ 5.5       T1 = 8.0, T2 = 10.00
INXI     $ 7.77     buy@ 8.5       T1 = 15.00                    LOW VOLUME

At this juncture of market where fundamentals are not so clear and technicals are few % above bear market territory, I would not like to buy at market prices however cheap they are. Its not time yet to buy random.

Good Luck
 

My 2 cents you will always find few and far stocks with your realworld experience, like intuit and chipotle I knew they were gonna go strong by store sales and popularity those were the past, I am counting on zipcar and sprint to rebound for now maybe GM as well. I am not finance major but just an interested trader.

I have read about Zipcar may be a year or before. May be about $ 12-14, it will catch the fire or may be oil above $ 100/barrel will help it going up. I like the business model and its a success in europe. Definitely, somehing to keep look at it. Good reminder for me anon. Thanks.
Sprint, could be a takover target in future. Dumping some money on sprint may yield nice return. Ford may be a better choice than GM in terms of auto makers here in US . Intuit, chipotle are indeed great examples of real-world experience of stock picking. As they say: Look for stone and u will find god. Just have to keep the eyes open.

 Thanks O and T for your inputs.

 By the way, Cramer was touting EOG.  Fundamentals look good.  Beyond that, I have not much to go with except for Jim Cramer's enthusiasm.  If any of you have done due diligence on this stock, please share your opinion.  Thanks.

EOG, a pricey but good looking stock. u can have at least 50% return on friday's closing price. Looks like a cup and handle break out forming on longer ttime-frame charts.