Stock Thread (21 Viewers)

[Capella]

Just another day at the Nvda money factory where I make another 2% for just sitting around scratching my balls.

 

[Sand]

Just another day at the Nvda money factory where I make another 2% for just sitting around scratching my balls.

It's always nice when your God given talents pay off.

 

[Bob Sacamano]

I read something that said the AAPL AI announcement/approach is kind of a hit to them, and that the MSFTs of the world could follow suit and also negatively impact them. But ultimately, if you aren't in the 1% of tech firms, you're basically beholden to NVDA, so don't expect to see them crying about it.

This is my summary from a position of ignorance.

 

[Jobber]

Yeah, those yoga pants look good on her, but have you ever seen a $55 cost basis on AAPL?!

I can show a sexy leg with my ~$3.50 cost basis for some of my AAPL. Sadly they are going away as I slowly donate those shares and rebuy at higher cost basis so I pay less taxes when I finally cash those in for real.

This is a good idea I've lost sight of and want to start executing on. Thanks.

Yeah - this is one of those "why haven't I been doing this for years and years?" kind of thing. Fidelity makes it pretty easy to donate shares over which wipes out the profit issue. Use cash to rebuy at current prices. It's like tax gain harvesting, but without paying capital gains. If you do a good bit of charity donations it makes all kinds of sense.

Yeah this is something I just learned about a few months ago when listening to a podcast. What a waste all these years not doing it this way. I was actually pretty pissed as I pay a CPA a not cheap amount for my taxes and they had never brought this to my attention.

Wait, what is this? Can you explain this like I’m a toddler?

 

[Pipes]

Yeah, those yoga pants look good on her, but have you ever seen a $55 cost basis on AAPL?!

I can show a sexy leg with my ~$3.50 cost basis for some of my AAPL. Sadly they are going away as I slowly donate those shares and rebuy at higher cost basis so I pay less taxes when I finally cash those in for real.

This is a good idea I've lost sight of and want to start executing on. Thanks.

Yeah - this is one of those "why haven't I been doing this for years and years?" kind of thing. Fidelity makes it pretty easy to donate shares over which wipes out the profit issue. Use cash to rebuy at current prices. It's like tax gain harvesting, but without paying capital gains. If you do a good bit of charity donations it makes all kinds of sense.

Yeah this is something I just learned about a few months ago when listening to a podcast. What a waste all these years not doing it this way. I was actually pretty pissed as I pay a CPA a not cheap amount for my taxes and they had never brought this to my attention.

Wait, what is this? Can you explain this like I’m a toddler?

If you typically make cash donations to charities donate stock instead. You get the deduction for the FMV of the stock on the donation date so if you have a low cost basis in that stock you avoid cap gains taxes. This doesn't work if you don't itemize though as you need to file schedule A to get a charitable contribution deduction.

 

[Sand]

Go look up "Donor Advise

Yeah, those yoga pants look good on her, but have you ever seen a $55 cost basis on AAPL?!

I can show a sexy leg with my ~$3.50 cost basis for some of my AAPL. Sadly they are going away as I slowly donate those shares and rebuy at higher cost basis so I pay less taxes when I finally cash those in for real.

This is a good idea I've lost sight of and want to start executing on. Thanks.

Yeah - this is one of those "why haven't I been doing this for years and years?" kind of thing. Fidelity makes it pretty easy to donate shares over which wipes out the profit issue. Use cash to rebuy at current prices. It's like tax gain harvesting, but without paying capital gains. If you do a good bit of charity donations it makes all kinds of sense.

Yeah this is something I just learned about a few months ago when listening to a podcast. What a waste all these years not doing it this way. I was actually pretty pissed as I pay a CPA a not cheap amount for my taxes and they had never brought this to my attention.

Wait, what is this? Can you explain this like I’m a toddler?

Go look up "Donor Advised Fund". It is a trust vehicle that allows you to give to charities and take advantage (much easier than other ways) of tax savings. I have one at Fidelity. I take some of my most appreciated stocks and donate them to the DAF. Because they are donated I don't have to pay long term capital gains on the appreciated stocks (I don't think this works for short term cap gains). Then you can direct the DAF to donate to your chosen charity. Big cap gains eliminated and my charity of choice still gets it's cash.

Donor-Advised Funds: Definition, How They Work - NerdWallet

A donor-advised fund, or DAF, is an account for assets you donate to charity over time. See how donor-advised funds work, their tax benefits and who qualifies.

www.nerdwallet.com

 

[Sand]

Yeah, those yoga pants look good on her, but have you ever seen a $55 cost basis on AAPL?!

I can show a sexy leg with my ~$3.50 cost basis for some of my AAPL. Sadly they are going away as I slowly donate those shares and rebuy at higher cost basis so I pay less taxes when I finally cash those in for real.

This is a good idea I've lost sight of and want to start executing on. Thanks.

Yeah - this is one of those "why haven't I been doing this for years and years?" kind of thing. Fidelity makes it pretty easy to donate shares over which wipes out the profit issue. Use cash to rebuy at current prices. It's like tax gain harvesting, but without paying capital gains. If you do a good bit of charity donations it makes all kinds of sense.

Yeah this is something I just learned about a few months ago when listening to a podcast. What a waste all these years not doing it this way. I was actually pretty pissed as I pay a CPA a not cheap amount for my taxes and they had never brought this to my attention.

Wait, what is this? Can you explain this like I’m a toddler?

If you typically make cash donations to charities donate stock instead. You get the deduction for the FMV of the stock on the donation date so if you have a low cost basis in that stock you avoid cap gains taxes. This doesn't work if you don't itemize though as you need to file schedule A to get a charitable contribution deduction.

You still avoid LTCG taxes because at some point (unless you planned on dying while holding them) you were going to have to sell them and pay those taxes. But, you're right, to take full advantage you need to itemize. The DAF is good for that as you can bunch years of donations into one (donate a big chunk to the DAF one year and then spread out the DAF donation to charities over many years) to get yourself into itemized territory.

 

[FreeBaGeL]

Go look up "Donor Advise

Yeah, those yoga pants look good on her, but have you ever seen a $55 cost basis on AAPL?!

I can show a sexy leg with my ~$3.50 cost basis for some of my AAPL. Sadly they are going away as I slowly donate those shares and rebuy at higher cost basis so I pay less taxes when I finally cash those in for real.

This is a good idea I've lost sight of and want to start executing on. Thanks.

Yeah - this is one of those "why haven't I been doing this for years and years?" kind of thing. Fidelity makes it pretty easy to donate shares over which wipes out the profit issue. Use cash to rebuy at current prices. It's like tax gain harvesting, but without paying capital gains. If you do a good bit of charity donations it makes all kinds of sense.

Yeah this is something I just learned about a few months ago when listening to a podcast. What a waste all these years not doing it this way. I was actually pretty pissed as I pay a CPA a not cheap amount for my taxes and they had never brought this to my attention.

Wait, what is this? Can you explain this like I’m a toddler?

Go look up "Donor Advised Fund". It is a trust vehicle that allows you to give to charities and take advantage (much easier than other ways) of tax savings. I have one at Fidelity. I take some of my most appreciated stocks and donate them to the DAF. Because they are donated I don't have to pay long term capital gains on the appreciated stocks (I don't think this works for short term cap gains). Then you can direct the DAF to donate to your chosen charity. Big cap gains eliminated and my charity of choice still gets it's cash.

Donor-Advised Funds: Definition, How They Work - NerdWallet

A donor-advised fund, or DAF, is an account for assets you donate to charity over time. See how donor-advised funds work, their tax benefits and who qualifies.

www.nerdwallet.com

Yep and then you can just re-buy the same stock you donated if you still want to hold it, but now your cost basis is reset to the current price.

 

[identikit]

Anything really down today that could use some spare cash for a quickish turnaround?

 

[Capella]

Just another day at the Nvda money factory where I make another 2% for just sitting around scratching my balls.

Green in a sea of red

 

[McBokonon]

Just another day at the Nvda money factory where I make another 2% for just sitting around scratching my balls.

Green in a sea of red

I've got a ton of green today

 

[identikit]

Anything really down today that could use some spare cash for a quickish turnaround?

@General Malaise

Whatcha got?

Along this line....

 

[General Malaise]

Anything really down today that could use some spare cash for a quickish turnaround?

@General Malaise

Whatcha got?

Along this line....

I got nothing. I've moved most everything into my core positions and have very little 'rocket fuel' stocks at the moment. I'm going to be on vacation most of July and don't want to think about the stock market at all.

Also, tomorrow is a market holiday, so if you're looking for a quick buck, it won't happen then.

 

[identikit]

Anything really down today that could use some spare cash for a quickish turnaround?

@General Malaise

Whatcha got?

Along this line....

I got nothing. I've moved most everything into my core positions and have very little 'rocket fuel' stocks at the moment. I'm going to be on vacation most of July and don't want to think about the stock market at all.

Also, tomorrow is a market holiday, so if you're looking for a quick buck, it won't happen then.

Enjoy your time off and away, gb

 

[General Malaise]

Anything really down today that could use some spare cash for a quickish turnaround?

@General Malaise

Whatcha got?

Along this line....

I got nothing. I've moved most everything into my core positions and have very little 'rocket fuel' stocks at the moment. I'm going to be on vacation most of July and don't want to think about the stock market at all.

Also, tomorrow is a market holiday, so if you're looking for a quick buck, it won't happen then.

Enjoy your time off and away, gb

Thanks! I doubt we have cell service for about 1/3 of the trip and that's fine by me.

 

[Bob Sacamano]

PLTR breaks $25. Sell covered calls. Rinse. Repeat.

Going to get called one of these days, but I can live with that.

 

[General Malaise]

AMD Data Breach: IntelBroker Claims Theft of Employee and Product Data

Follow us on Twitter @Hackread - Facebook @ /Hackread

hackread.com

uh oh

 

[identikit]

AMD Data Breach: IntelBroker Claims Theft of Employee and Product Data

Follow us on Twitter @Hackread - Facebook @ /Hackread

hackread.com

uh oh

Hoping to see my AMD get into the green before dumping it...

 

[Bossman]

I picked up more NVDA this week .... and I'm just now hearing about NVDU.
Allegedly trades 1.5x (or 2x) NVDA?
Anyone trading this and how does it work?
Seems like this would have been a no brainer the last 2 months or so.

 

[Capella]

Not sure what it means or even how people trade on it but NVDA has cleared 140 on robinhood’s after-hours thingy.

 

[identikit]

I picked up more NVDA this week .... and I'm just now hearing about NVDU.
Allegedly trades 1.5x (or 2x) NVDA?
Anyone trading this and how does it work?
Seems like this would have been a no brainer the last 2 months or so.

I'm in for a slice the next time NVDA does a dip

Probably in 2026 or so

 

[Bossman]

I picked up more NVDA this week .... and I'm just now hearing about NVDU.
Allegedly trades 1.5x (or 2x) NVDA?
Anyone trading this and how does it work?
Seems like this would have been a no brainer the last 2 months or so.

I'm in for a slice the next time NVDA does a dip

Probably in 2026 or so

NVDU is up 6.5% in pre-market today.
So you get double the exposure of NVDA ... (or same exposure for 1/2 the price)
I'm sure it would be ugly on a down day ... but that doesn't seem to happen with NVDA.
I'm surprised a bunch of you aren't in this one. Too risky?

 

[identikit]

I picked up more NVDA this week .... and I'm just now hearing about NVDU.
Allegedly trades 1.5x (or 2x) NVDA?
Anyone trading this and how does it work?
Seems like this would have been a no brainer the last 2 months or so.

I'm in for a slice the next time NVDA does a dip

Probably in 2026 or so

NVDU is up 6.5% in pre-market today.
So you get double the exposure of NVDA ... (or same exposure for 1/2 the price)
I'm sure it would be ugly on a down day ... but that doesn't seem to happen with NVDA.
I'm surprised a bunch of you aren't in this one. Too risky?

I wasn't aware of it.

I've held other Direxion X ETFs

Volatile but can yield a hyper-profit

 

[pecorino]

I picked up more NVDA this week .... and I'm just now hearing about NVDU.
Allegedly trades 1.5x (or 2x) NVDA?
Anyone trading this and how does it work?
Seems like this would have been a no brainer the last 2 months or so.

I'm in for a slice the next time NVDA does a dip

Probably in 2026 or so

Just dropped seven points off its intraday high.

 

[identikit]

I picked up more NVDA this week .... and I'm just now hearing about NVDU.
Allegedly trades 1.5x (or 2x) NVDA?
Anyone trading this and how does it work?
Seems like this would have been a no brainer the last 2 months or so.

I'm in for a slice the next time NVDA does a dip

Probably in 2026 or so

Just dropped seven points off its intraday high.

Bought a chunk @ $130

 

[metoo]

I have a friend that put over a 100k in one of those TSM 2x or 3x a few years ago. Killed it
.

 

[metoo]

Added to FLEX,CRWD,CAVA and opened a position in CMG.

 

[SFBayDuck]

Wait, NVDA can go down? Why wasn't I told this?

 

[Sand]

Wait, NVDA can go down? Why wasn't I told this?

LHUCKS sent out a notification in his newsletter. You didn't get it?

 

[Todem]

I picked up more NVDA this week .... and I'm just now hearing about NVDU.
Allegedly trades 1.5x (or 2x) NVDA?
Anyone trading this and how does it work?
Seems like this would have been a no brainer the last 2 months or so.

I'm in for a slice the next time NVDA does a dip

Probably in 2026 or so

NVDU is up 6.5% in pre-market today.
So you get double the exposure of NVDA ... (or same exposure for 1/2 the price)
I'm sure it would be ugly on a down day ... but that doesn't seem to happen with NVDA.
I'm surprised a bunch of you aren't in this one. Too risky?

Remember these ETN’s (exchange traded notes) compound daily.

It’s not a buy and hold vehicle.

In and out type of speculation.

If anything for those that have the risk appetite for these types of vehicles…..wait for a correction on NVDA and then when the dust settles….ride it back up with something like this.

But buyer beware. You can lose as fast as you can make. Trade it and do not hold it too long.

Back on the boring side, here are some stocks that represent some great value (the red headed step child value stocks lol):

A few I mentioned already but here is what I have been adding during the last month or so:

CVS
CSCO
DE
LMT

 

[pecorino]

Wait, NVDA can go down? Why wasn't I told this?

I bought a call. So sorry.

 

[SFBayDuck]

Wait, NVDA can go down? Why wasn't I told this?

LHUCKS sent out a notification in his newsletter. You didn't get it?

Must have gone to spam......

 

[Dr_Zaius]

Wait, NVDA can go down? Why wasn't I told this?

I bought a call. So sorry.

I was looking at buying out of the money puts for some downside protection just this morning, but didn't pull the trigger on anything. They're more expensive now

 

[General Malaise]

Nice move in Alphamin Resources today +6.69% (NICE).

 

[identikit]

Nice move in Alphamin Resources today +6.69% (NICE).

Shoulda stuck with it

 

[pecorino]

Tepper bought BABA in the first quarter. It looks relatively cheap. Thoughts?

 

[D-Day]

I picked up more NVDA this week .... and I'm just now hearing about NVDU.
Allegedly trades 1.5x (or 2x) NVDA?
Anyone trading this and how does it work?
Seems like this would have been a no brainer the last 2 months or so.

I'm in for a slice the next time NVDA does a dip

Probably in 2026 or so

NVDU is up 6.5% in pre-market today.
So you get double the exposure of NVDA ... (or same exposure for 1/2 the price)
I'm sure it would be ugly on a down day ... but that doesn't seem to happen with NVDA.
I'm surprised a bunch of you aren't in this one. Too risky?

You've jinxed it!

 

[Desert_Power]

Tepper bought BABA in the first quarter. It looks relatively cheap. Thoughts?

I’ve been holding this one for a while. Tepper is such a dipshit I want to sell it now.

 

[pecorino]

Zoinks, I just bought a long-term call. Keep holding!

 

[NajehHejan]

I’m truly channeling LHUCKS. Bought NVDA at 300 a few years ago. Sold at 200 when it crashed. Watched it go up to 1200+ and split. Bought in again last week. Down 8%. You can’t make this stuff up.

 

[guru_007]

This week may be a good week to make a NVDA bet if you're bullish on them. It's down over 10% now from an all time high, and MU reports on Wednesday. If they show better than expected demand (which I believe they will, the question is how much), this could drive all semi's higher, and you know all about the FOMO with NVDA. Personally, I'm passing as I already have recovered my cost basis 3x over and setting on still a lot of shares, so you know what they say about pigs, but just saying.
I am going to make a small bet on MKC this week who also reports this week. This stock has been beaten up over the past year and for no real good reason, imho.

 

[pecorino]

This week may be a good week to make a NVDA bet if you're bullish on them. It's down over 10% now from an all time high, and MU reports on Wednesday. If they show better than expected demand (which I believe they will, the question is how much), this could drive all semi's higher, and you know all about the FOMO with NVDA. Personally, I'm passing as I already have recovered my cost basis 3x over and setting on still a lot of shares, so you know what they say about pigs, but just saying.
I am going to make a small bet on MKC this week who also reports this week. This stock has been beaten up over the past year and for no real good reason, imho.

I'm buying ten shares at $120. If it goes down to $110, I'll buy ten more. I bought QQQ to get on the train but it just isn't the same as having that specific ticker in the portfolio. I'm with you.

 

[Capella]

I bought more nvda on the dip today - that should be enough for me for a while.

 

[Bossman]

Taking NVDU for a ride today. Let's see how this goes.
In at $106.50

 

[General Malaise]

Taking NVDU for a ride today. Let's see how this goes.
In at $106.50

VROOOOOOOOOOOOOOOOOOOOOOOOOOOOM

 

[Bossman]

Taking NVDU for a ride today. Let's see how this goes.
In at $106.50

VROOOOOOOOOOOOOOOOOOOOOOOOOOOOM

up 9% 10% on the day. Should I sell now or let it ride?

 

[General Malaise]

Taking NVDU for a ride today. Let's see how this goes.
In at $106.50

VROOOOOOOOOOOOOOOOOOOOOOOOOOOOM

up 9% 10% on the day. Should I sell now or let it ride?

I'm a degenerate gambler so not the right person to ask.

That said, I bought NVDA after the split and plan on holding it for a long long long time.

 

[identikit]

Taking NVDU for a ride today. Let's see how this goes.
In at $106.50

VROOOOOOOOOOOOOOOOOOOOOOOOOOOOM

up 9% 10% on the day. Should I sell now or let it ride?

It's up 1.86% after hours

 

[pecorino]

RIVN. Haven’t crunched the numbers yet but I might finally be back to even on it.

 

[McBokonon]

RIVN. Haven’t crunched the numbers yet but I might finally be back to even on it.

You selling out of it? I don’t own it but I was curious and it seems like there’s a lot of “ifs” in this deal with VW that are currently being interpreted as “definitely.”

ETA: The 40-50% premarket pop fading after the open. This thing will probably be right back where it was in a couple months.