⚡DEADHEAD⚡
Footballguy
Was about to get in the shower. That shower would have cost me $5,000.
May want to refresh.Are people jumping out of CYDY? I see it's almost up to 10 bucks and am in meetings. Cliff's notes?
Chet is either loving this or lost his mind.chet sold a bunch at 9.9, the price tanked to below 5. just got a little bounce back up over 5.
I should have placed a stop. I was thinking eh sell at $7.80 and lock $2/share gain. By the time I keyed the order I was in the red!Was about to get in the shower. That shower would have cost me $5,000.
Sorry to be dumb here, but that caused a $5 drop?someone sold 9MM shares
Yeah I’m sure someone in the same shoes as you woke up this morning and realized they were up $7M this week and it might be time to hit the cash registersomeone sold 9MM shares
Bought back a 5% stake at 5.9. Seems to be drifting back up after that selling shock.Are we getting back in now?
the way to look at it is, what's changed in the last hour? (other than the price of the stock, that is.) this morning everyone thought the stock was on a trajectory for $20+. either you still believe that's the case, so you can buy more now at a discount, or you think something has fundamentally changed in the last hour.At 5.80 is now a buying opportunity? what happend? i just bought 100 this morning at 9.45 and dumped them (took a 100 loss).
get back in?
Regular brokerage or Roth?Are there any rules/penalties for doing what I just did?
I just bought 100 shares at $9.40. I dumped it and now may want to get back in.
If I buy back in, are there any issues with doing so?
Wash sale rules on taxes is it. Meaning if you still hold the shares at year end you can't write the loss off, you just adjust your basis for when you eventually sell.Are there any rules/penalties for doing what I just did?
I just bought 100 shares at $9.40. I dumped it and now may want to get back in.
If I buy back in, are there any issues with doing so?
Remember when I said I was still worried and you questioned me why? This is why. It’s an OTC stock and easy to mess around with by shorts. They got it by the balls.You're asking us?
Depends on whether there's something we just don't now yet.Ignoratio Elenchi said:the way to look at it is, what's changed in the last hour? (other than the price of the stock, that is.) this morning everyone thought the stock was on a trajectory for $20+. either you still believe that's the case, so you can buy more now at a discount, or you think something has fundamentally changed in the last hour.
But someone dumping 9 million shares without a care in the world isn't exactly the same as being messed with by shorts, no?stbugs said:Remember when I said I was still worried and you questioned me why? This is why. It’s an OTC stock and easy to mess around with by shorts. They got it by the balls.
Well it is an OTC biotech stock with a market cap of 5bn and zero revenue. It is not for the faint of heart.ghostguy123 said:I am at a loss for words. How does that even happen? Does it even mean anything?
Literally screaming in my car for the past 5 minutes on my way home.
Nothing, that we know of. Lots of crap happens with OTC stocks (I vividly recall 2000 in the OTC space - ugh).Ignoratio Elenchi said:the way to look at it is, what's changed in the last hour? (other than the price of the stock, that is.) this morning everyone thought the stock was on a trajectory for $20+. either you still believe that's the case, so you can buy more now at a discount, or you think something has fundamentally changed in the last hour.
Just wash sale rules. It won’t show up as a loss for tax purposes until you close out the position. This prevents you from racking up short term realized losses and reducing your tax bill while still owning the same position.cubd8 said:Are there any rules/penalties for doing what I just did?
I just bought 100 shares at $9.40. I dumped it and now may want to get back in.
If I buy back in, are there any issues with doing so?
Man, you’d think someone would know not to enter a market sale of 9MM shares on a stock that’s average volume before the last week was only like 7MM a day. That just seems crazy to mechet said:very sloppy seller
Me to at 5.99. Watching like a hawk!Sand said:Bought back a 5% stake at 5.9. Seems to be drifting back up after that selling shock.
So, assuming I buy back in (100 shares)....there is no penalty/restriction in doing so? It's just if i sell, there's some complication involved.Shula-holic said:Wash sale rules on taxes is it. Meaning if you still hold the shares at year end you can't write the loss off, you just adjust your basis for when you eventually sell.
Short answer, no. It’s a wash sale for tax purposes. If you do it often enough, you’ll get labeled a day trader which may affect how your account works. But it’s not against the rules to sell high and buy low.cubd8 said:Are there any rules/penalties for doing what I just did?
I just bought 100 shares at $9.40. I dumped it and now may want to get back in.
If I buy back in, are there any issues with doing so?