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» **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition
05-13-2021, 03:05 PM
#1561
Originally Posted By TugOfPeace⏩
Every sale is a taxable transaction. Doesn’t matter if you reinvest it and wait…
if I buy PLTR and decide to sell in 6 months, but then decide to buy something else like VOO, will I pay have to pay any short term capital gains tax if I withdraw the money years down the line?
so say I invest $5k into PLTR today.
6 months, later, I close positions for a total of $10k ($5k profit). at the same time, I take my $10k and invest it into VOO.
8 months later, I close my position for a total of $12k ($7k profit), and withdraw my cash. that year, would I qualify for the 15% long term capital gains tax?
edit: I'm guessing (actually I know), that I pay tax only on the realized gains. So if I were to withdraw my $12k 14 months later, I would only pay long term capital gains tax?
so say I invest $5k into PLTR today.
6 months, later, I close positions for a total of $10k ($5k profit). at the same time, I take my $10k and invest it into VOO.
8 months later, I close my position for a total of $12k ($7k profit), and withdraw my cash. that year, would I qualify for the 15% long term capital gains tax?
edit: I'm guessing (actually I know), that I pay tax only on the realized gains. So if I were to withdraw my $12k 14 months later, I would only pay long term capital gains tax?
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05-13-2021, 03:09 PM
#1562
Originally Posted By smashedurgfx10⏩
if meme stocks are boosting.. why isn't pltr lol..?
wasnt that the king meme at one point. who even decides whose in and out of the club
wasnt that the king meme at one point. who even decides whose in and out of the club
Completely different kind of stock. Pltr is down along with the rest of growth/tech.
It only ipo’d in 2020. “Meme” stocks were shorted during covid thinking they would go bankrupt or down severely.
Look at shift, enphase, cciv, nio, square. They’re all in the same boat and most of them are more oversold than pltr.
Waiting for pltr to get to 16 to buy more. Only because of the market being the way it is, because otherwise it’s worth more to me and right now I need some cash on the side.
05-13-2021, 03:11 PM
#1563
Originally Posted By TugOfPeace⏩
A Roth but have to not be planning to completely remove your money from the market until you’re grey.
Ah.. so truly the only way to avoid short term capital gains tax is to hold a position for a year+
I keep some in a Roth for trading.
05-13-2021, 03:25 PM
#1564
Originally Posted By smashedurgfx10⏩
The DD on pltr is speculative future growth.
if meme stocks are boosting.. why isn't pltr lol..?
wasnt that the king meme at one point. who even decides whose in and out of the club
wasnt that the king meme at one point. who even decides whose in and out of the club
The DD on things like GME and AMC are shorts never covered which should be obvious but for some reason majority of people keep listening to self reporting HF / CNBC.
I am more comfortable with GME purely off long term pivot. Esports being established, less dilution of float during sell off, new executives from Amazon/google, Ryan Cohen vision etc.. and the fact I believe they have a vested interest in keeping retail support happy vs burning them and ruining the amazing marketing / public goodwill they have working for them. Proxy vote turn out was huge and I expect naked shorting to be exposed and lead to a whole new fomo.
Others are happy with AMC because despite much more shares sold off, it is viewed as being closer to actual value, and it still got continually shorted despite the dilution. People are also optimistic about eventual turn around when theatres open up.
Just writing these things off as “lol meme stock so random”. Is doing a disservice to the vast amounts of DD which spell out why they will go up in value.
Tldr: shorts never covered just doubled down, short positions put everything on the line to bankrupt these companies, and they aren’t gonna go under. Shorts have to cover eventually, paper hands are gone at this point, no one left is selling until shorts cover.
05-13-2021, 03:46 PM
#1565
How does shorting a company drive them to bankruptcy?
Good on these management teams for cashing in on their stock crazes, but shorting a company (or pumping up the price) changes nothing about the underlying fundamentals and whether it’s a viable business
Good on these management teams for cashing in on their stock crazes, but shorting a company (or pumping up the price) changes nothing about the underlying fundamentals and whether it’s a viable business
05-13-2021, 03:55 PM
#1566
I think we need a welfare check on RKT crew… Or am I the only idiot still in this?
I bought back in (for a 6th time) 50 shares for a quick flip @ $21.90
After 5 average-downs, im 400 shares deep averaged at $19.80 lolz. YOLO
I bought back in (for a 6th time) 50 shares for a quick flip @ $21.90
After 5 average-downs, im 400 shares deep averaged at $19.80 lolz. YOLO
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05-13-2021, 04:04 PM
#1567
Originally Posted By Destor⏩
How does shorting a company drive them to bankruptcy?
Good on these management teams for cashing in on their stock crazes, but shorting a company (or pumping up the price) changes nothing about the underlying fundamentals and whether it’s a viable business
Good on these management teams for cashing in on their stock crazes, but shorting a company (or pumping up the price) changes nothing about the underlying fundamentals and whether it’s a viable business
They wait for hard economic times and hit retail places like Sears, toys r us, Hastings etc.. hard, removing their ability to raise capital to last through the economic downturn. I think some 3,500 companies have gone bankrupt while being heavily shorted, it’s a huge cash cow because they never have to buy back shares after they bankrupt the company. Sure plenty of those companies may have gone under anyways. But we will never know how many have been destroyed by this practice. Reduced market cap = no loans, no share offering for quick cash etc..
05-13-2021, 04:23 PM
#1568
Is anyone else avoiding logging into their account? I dont even want to see what I am at right now. I have to pay my Fidelity credit card in 2 days so I am gonna have to see soon though
05-13-2021, 04:39 PM
#1569
Update on Palantir, I wouldn't expect any movement in the stock for the next couple of quarters, here is my prediction.
SBC will continue to be a significant cost, consider it equivalent to capital expenditure (And, if you're doing financial analysis or modeling, I'd actually encourage you to try adjusting it as such). And that this cost will likely be approximately fixed.
So in the short term, we know that SBC is killing their earnings, but if it stays flat, and revenues 2x, 5x, 10x, etc., over the years? It very much so becomes a blip on the radar. Also to note, Palantir didn't hire many more engineers between 2019 and YTD 2021, their costs of revenue was basically flat which is absurd considering their growth.
End of story: You're getting startup growth figures, from a cash rich team that's established, has a moat, has the government by the balls, is orchestrated by the FUKKING GODFATHER OF THE PAYPAL MAFIA, and is somehow valued less than an imaginary coin named after a temperamental but cute doggie. AND ISN'T BURNING THROUGH CASH! Would you rather have dilution to compensate employees with the potential to generate revenues 20x their compensation, or because a startup is burning cash?
Palantir long is the way.
Their profit margins will be absurd and this will be a cash generating fukking machine in 5 years.
SBC will continue to be a significant cost, consider it equivalent to capital expenditure (And, if you're doing financial analysis or modeling, I'd actually encourage you to try adjusting it as such). And that this cost will likely be approximately fixed.
So in the short term, we know that SBC is killing their earnings, but if it stays flat, and revenues 2x, 5x, 10x, etc., over the years? It very much so becomes a blip on the radar. Also to note, Palantir didn't hire many more engineers between 2019 and YTD 2021, their costs of revenue was basically flat which is absurd considering their growth.
End of story: You're getting startup growth figures, from a cash rich team that's established, has a moat, has the government by the balls, is orchestrated by the FUKKING GODFATHER OF THE PAYPAL MAFIA, and is somehow valued less than an imaginary coin named after a temperamental but cute doggie. AND ISN'T BURNING THROUGH CASH! Would you rather have dilution to compensate employees with the potential to generate revenues 20x their compensation, or because a startup is burning cash?
Palantir long is the way.
Their profit margins will be absurd and this will be a cash generating fukking machine in 5 years.
05-13-2021, 04:47 PM
#1570
Originally Posted By Duckliver⏩
They wait for hard economic times and hit retail places like Sears, toys r us, Hastings etc.. hard, removing their ability to raise capital to last through the economic downturn. I think some 3,500 companies have gone bankrupt while being heavily shorted, it’s a huge cash cow because they never have to buy back shares after they bankrupt the company. Sure plenty of those companies may have gone under anyways. But we will never know how many have been destroyed by this practice. Reduced market cap = no loans, no share offering for quick cash etc..
Damn I loved Hastings.. free coffee and all the books you could read.
05-13-2021, 05:05 PM
#1571
Originally Posted By Duckliver⏩
Yeah a single economic downturn doesn't destroy good companies, they would have obviously suffering beforehand. And Chapter 11 bankruptcy doesn't destroy, the process is there to hopefully build the company a good path toward recovery
They wait for hard economic times and hit retail places like Sears, toys r us, Hastings etc.. hard, removing their ability to raise capital to last through the economic downturn. I think some 3,500 companies have gone bankrupt while being heavily shorted, it’s a huge cash cow because they never have to buy back shares after they bankrupt the company. Sure plenty of those companies may have gone under anyways. But we will never know how many have been destroyed by this practice. Reduced market cap = no loans, no share offering for quick cash etc..
This is capitalism brah, the weak are churned out and better companies take their place. Doesn't fighting back on shorting chitty money-losing companies feels a lot like the stock market equivalent of participation-trophyism?
05-13-2021, 05:15 PM
#1572
Originally Posted By Destor⏩
Except when they get greedy and start targeting any company that begins to fit their bill of “could go bankrupt but might not”. They start getting insiders running the companies into the ground (there’s a big reason burry had to write to GameStop board and point out their fiduciary responsibility for share buy back) and Ryan Cohen had to oust the snakes who were driving the company into the dirt.
Yeah a single economic downturn doesn't destroy good companies, they would have obviously suffering beforehand. And Chapter 11 bankruptcy doesn't destroy, the process is there to hopefully build the company a good path toward recovery
This is capitalism brah, the weak are churned out and better companies take their place. Doesn't fighting back on shorting chitty money-losing companies feels a lot like the stock market equivalent of participation-trophyism?
This is capitalism brah, the weak are churned out and better companies take their place. Doesn't fighting back on shorting chitty money-losing companies feels a lot like the stock market equivalent of participation-trophyism?
There’s a reason DFV saw the value in the stock, they weren’t going bankrupt and they will not now 100%. But somone bet on them doing so.
05-13-2021, 05:16 PM
#1573
Originally Posted By MillerDecaXC⏩
100 @ $20.40 avg.
I think we need a welfare check on RKT crew… Or am I the only idiot still in this?
I bought back in (for a 6th time) 50 shares for a quick flip @ $21.90
After 5 average-downs, im 400 shares deep averaged at $19.80 lolz. YOLO
I bought back in (for a 6th time) 50 shares for a quick flip @ $21.90
After 5 average-downs, im 400 shares deep averaged at $19.80 lolz. YOLO
Wish I would have sold the day it spiked to 40. Hindsight/20/20, etc.
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05-13-2021, 05:58 PM
#1574
very insightful video, everyone here should watch it:
https://www.youtube.com/watch?v=nZogVb6S1lM
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05-13-2021, 06:33 PM
#1575
202.38 shares on gfs account RKT
Down 1.1k 22.38 avg
Selling calls and reinvesting.
Down 1.1k 22.38 avg
Selling calls and reinvesting.
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
05-13-2021, 08:39 PM
#1576
holy fuk. Another day another bullish TGA essay I write that gets denied by this shytty ass forum.
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05-13-2021, 08:42 PM
#1577
Originally Posted By RobParks2M⏩
I'm in on some measlies @$1.53. Seems like it's been 2 steps fwd and 2 steps back. Hope it ends up going up.
holy fuk. Another day another bullish TGA essay I write that gets denied by this shytty ass forum.
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05-13-2021, 08:44 PM
#1578
Originally Posted By taf1968⏩
I bought 300 more at $1.46 today rounding me out to 3,000 shares. My average is 1.32 which seems high strictly because I had sold 1,000 between 1.86 and 1.90
I'm in on some measlies @$1.53. Seems like it's been 2 steps fwd and 2 steps back. Hope it ends up going up.
Based on their 9% April production gains I am pretty bullish they will blow their 2021 production estimates out of the water. They re-completed a capped well and drilled lower and that was the basis of their production gain. They are drilling 12 new wells in 2021 as well.
IMO- shares will probably get close to $3 a share this summer and they'll reinstate their dividend. Even if it's a meager 4% with my cost basis that's like 10%. I'm hoping they'll get options again and I can start selling covered calls
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05-13-2021, 09:03 PM
#1579
I was thinking we get at least a 5-7% pullback after the 8% month. Maybe the ~4% is all we get in 🤡 market. If Friday dumps I could see it going another day or two but if it pumps hard then I think any strong dumps won’t be happening for a few weeks or Biden opens his mouth
05-13-2021, 10:14 PM
#1580
Originally Posted By RobParks2M⏩
idk bro chart looks pretty expensive and read to fall off a cliff
I bought 300 more at $1.46 today rounding me out to 3,000 shares. My average is 1.32 which seems high strictly because I had sold 1,000 between 1.86 and 1.90
Based on their 9% April production gains I am pretty bullish they will blow their 2021 production estimates out of the water. They re-completed a capped well and drilled lower and that was the basis of their production gain. They are drilling 12 new wells in 2021 as well.
IMO- shares will probably get close to $3 a share this summer and they'll reinstate their dividend. Even if it's a meager 4% with my cost basis that's like 10%. I'm hoping they'll get options again and I can start selling covered calls
Based on their 9% April production gains I am pretty bullish they will blow their 2021 production estimates out of the water. They re-completed a capped well and drilled lower and that was the basis of their production gain. They are drilling 12 new wells in 2021 as well.
IMO- shares will probably get close to $3 a share this summer and they'll reinstate their dividend. Even if it's a meager 4% with my cost basis that's like 10%. I'm hoping they'll get options again and I can start selling covered calls
cliffs on what they do?
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05-14-2021, 12:40 AM
#1581
Originally Posted By Galindo62⏩
Lol. Does she know she's down or are you doing it for her
202.38 shares on gfs account RKT
Down 1.1k 22.38 avg
Selling calls and reinvesting.
Down 1.1k 22.38 avg
Selling calls and reinvesting.
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05-14-2021, 01:43 AM
#1582
She checks it once in a while but I take care of all of it.
She freaking out but I'm doing alright on her account. Still up 18% all time.
And by gf I mean wife basically
She freaking out but I'm doing alright on her account. Still up 18% all time.
And by gf I mean wife basically
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
05-14-2021, 02:16 AM
#1583
Originally Posted By Duckliver⏩
^^^^ that is how I got into the AMC wagon… at $5-10 u still close to actual value
Others are happy with AMC because despite much more shares sold off, it is viewed as being closer to actual value, and it still got continually shorted despite the dilution. People are also optimistic about eventual turn around when theatres open up.
GME is turning around but def not a $150 stock - this has been my pump and dump play every time it run up lol
"Paper money is going away" - EM
05-14-2021, 04:33 AM
#1584
Palantir given new $170.00 price target at Citigroup. Lol…
05-14-2021, 05:16 AM
#1585
From 15 to 170
Pretty sure that's a typo.
Pretty sure that's a typo.
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
05-14-2021, 05:36 AM
#1586
April retail sales unchanged . . . estimates were increase of 1%.
But 10 year yield dropping.
But 10 year yield dropping.
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05-14-2021, 05:55 AM
#1587
Originally Posted By Duckliver⏩
Eh they could still go bankrupt even despite the funds raised through selling shares, despite the effort put into turning things around, and despite all the attention, the process could just be more drawn out now
Except when they get greedy and start targeting any company that begins to fit their bill of “could go bankrupt but might not”. They start getting insiders running the companies into the ground (there’s a big reason burry had to write to GameStop board and point out their fiduciary responsibility for share buy back) and Ryan Cohen had to oust the snakes who were driving the company into the dirt.
There’s a reason DFV saw the value in the stock, they weren’t going bankrupt and they will not now 100%. But somone bet on them doing so.
There’s a reason DFV saw the value in the stock, they weren’t going bankrupt and they will not now 100%. But somone bet on them doing so.
Either way it seems like a weird way to approach this. If a company sucks, let them go under and better companies will take their place. Aside from people being greedy and trying to get rich by speculating on this stuff, I don't see why anyone feels compelled to crowdfund the recovery of a failing company. And if we're doing that, where the fuk were all these people when Blockbuster went under
05-14-2021, 06:36 AM
#1588
Originally Posted By Destor⏩
It may not help and they may still go bankrupt but why not call the hedgies out? They called the companies out by shorting them into oblivion. They also make money on average investors everyday by having so much buying power and downward pressure.
Eh they could still go bankrupt even despite the funds raised through selling shares, despite the effort put into turning things around, and despite all the attention, the process could just be more drawn out now
Either way it seems like a weird way to approach this. If a company sucks, let them go under and better companies will take their place. Aside from people being greedy and trying to get rich by speculating on this stuff, I don't see why anyone feels compelled to crowdfund the recovery of a failing company. And if we're doing that, where the fuk were all these people when Blockbuster went under
Either way it seems like a weird way to approach this. If a company sucks, let them go under and better companies will take their place. Aside from people being greedy and trying to get rich by speculating on this stuff, I don't see why anyone feels compelled to crowdfund the recovery of a failing company. And if we're doing that, where the fuk were all these people when Blockbuster went under
A good majority of AMC and GME holders imo actually like the companies. And true their business models may be dated but now they can have the chance to pivot while at the same time we can make some money. It's a win win, and the overly greedy hedge funds that manipulate the markets may be a little more cautious next time instead of doubling down.
They've shorted not just the companies with dated models.
With blockbuster the online community and the availability and ease of investing for the retail investor wasn't there.
Why do you think they left it?
05-14-2021, 06:48 AM
#1589
blockbuster was replaced for the "same" model but with more up to date tech… u still take the movie home and watch it with friend but without getting out the house cause all the streaming services.
amc model will never die because most people love to go out to the movies with fam, kids, dates, etc… just last year before the pandemic people had to wait weeks to watch their fav movie because there was no enough capacity
prob not the most profitable business but still a good business imho
amc model will never die because most people love to go out to the movies with fam, kids, dates, etc… just last year before the pandemic people had to wait weeks to watch their fav movie because there was no enough capacity
prob not the most profitable business but still a good business imho
"Paper money is going away" - EM
05-14-2021, 07:01 AM
#1590
Originally Posted By camaleom⏩
blockbuster was replaced for the "same" model but with more up to date tech… u still take the movie home and watch it with friend but without getting out the house cause all the streaming services.
amc model will never die because most people love to go out to the movies with fam, kids, dates, etc… just last year before the pandemic people had to wait weeks to watch their fav movie because there was no enough capacity
prob not the most profitable business but still a good business imho
amc model will never die because most people love to go out to the movies with fam, kids, dates, etc… just last year before the pandemic people had to wait weeks to watch their fav movie because there was no enough capacity
prob not the most profitable business but still a good business imho
A blockbuster brand streaming service now would have more than likely been a success. They tried to pivot with the red dot type rental machines but they were already ruined by shorts at that point, too little too late. I'm simplifying everything but more or less that's what I understand happened.
AMC just needs to adjust now for fewer sales/customers, I believe they have a future. Now they have a chance to do it and we have an opportunity to make money, and if anyone can Adam Aaron is a good ceo to have.
All shares have been offered and sold and they are out of debt. Crazy
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