Did you get back in bigger yesterday. I'm tired of my good buddy Chet having to drag you along.We rich yet?
This type of chatter of approval in Mexico is another reason, perhaps, why yesterday was the selected date of the attack. Shorts may be running out of time and want to squeeze this as much as possible before approval, whether from the FDA or other countries.
Saw this elsewhere: "First, take this to the bank, don't use stop orders. That info is available for those hostile to your success to use it against you."Stop losses are a pretty good idea usually, but as we saw can be victims of a stop run. I personally wouldn’t use a stop on OTC
Bump for the morning crowdSo that I fully understand how selling works, still being new to all of this):
I am in a Stock Exchange program through my company and have made 3 purchases: 12/31/2018, 06/28/2019 and 12/31/2019.
I am considering selling a few of the stocks from my 12/31/2018 or 06/28/2019 purchase as my understanding is that my earnings would be taxes at 15% vs. a higher rate for the more recent stocks that I had purchases.
If I sold 10 shares (the cost/basis per share was $62.48, holding period is LONG) from the 06/28/2019 purchase, the Long-Term Gain is $217.26. Would I pay taxes (15%) on the 217.26, meaning I would owe $32.59 in taxes in 2021?
If I sold 10 shares (the cost/basis per share was $48.28, holding period is LONG) from the 12/31/2018 purchase, the Long-Term Gain is $359.30. Would I pay taxes (15%) on the 217.26, meaning I would owe $53.90 in taxes in 2021?
Is the above correct? If so, does it make more sense to keep the shares I bought for $48.28 vs. the $62.48, correct?
Other questions:
For the 12/31/2018 purchase, I own 177 shares, the unrealized G/L is: $6359.61, and lot basis is $8545.56. I realize the lot basis is the cost of the stocks time the amount I paid, but how is the unrealized G/L and what does that mean to me ? Is the amount I would have to pay taxes on from the total amount of 177 shares that I own?
Thank you for your assistance. I am trying to further diversify my portfolio and am trying to understand tax implications for 2021 before I make any moves.
Eh, a green open is a good one. I'd imagine vaccine news may put a damper on CYDY but reduced volatility may be a good thing in the near-term. Also, would folks buy in front of NP? I'm not as close to the story but from what I can gather, NP does the same to the stock as Powell does to the S&P when he talks.The open for cydy not looking very strong, I'd like to see $6 taken and hold.
Yah, its gained some steam too in the last hour.Eh, a green open is a good one. I'd imagine vaccine news may put a damper on CYDY but reduced volatility may be a good thing in the near-term. Also, would folks buy in front of NP? I'm not as close to the story but from what I can gather, NP does the same to the stock as Powell does to the S&P when he talks.
Timing. Hopefully an up-listing is near making it hard for these types of things to happen going forward. No halts on OTC stocks I guess.Top short seller Andrew Left from Citron Research facilitated a bear raid led by Tim Sykes and his army of smaller short sellers, and eventually Adam Feuerstein chimed in toward the close. In 16 minutes the CytoDyn Inc. (OTCMKTS: CYDY) stock dropped from $9.64 to $4.65 losing close to $2.6 billion of market cap. The trigger appears to have been a tweet from Timothy Sykes at 11:20 which linked to a short report published on the Citron Research website. No exchange trading halts kicked in during the slide due to volatility because CydoDyn has not quite yet uplisted to a major exchange that has these failsafe’s in place. The short perpetrators in this heist had to act quickly because there are major regulatory catalysts due within the next two to four weeks that could buoy the stock price and make it much harder to attack.
At 11:34 the stock broke the bottom end of its trading range and then started careening south on a noticeable pick up in volume of about 100,000 shares per minute then ramped up to 200,000 shares per minute for the next 10 minutes. At 11:45 the initial short position was complete and the stock had fallen to $7.65 /share. This triggered massive stop limit orders and lit the algorithms on fire.
Investor Summary
It’s sad that the SEC does nothing to stem these manipulative practices that are blatantly flaunted in investors’ faces. The only way to fight them is with truth and knowledge. The shorts stick to a cookie cutter approach of spooking investors with salacious headlines and then attacking like a pack of wolves over and over again. As the investor base matures and becomes aware of how the shorts operate they will be less likely to be lured into their trap. There was no substance to the short report which is just one of the reasons why it was taken down. This weakness in the stock was contrived and represents a discount to the market price and should quickly be accumulated. There are many catalysts going forward that could make this the next Gilead Sciences (NASDAQ: GILD). This trading dip should be seized upon because there is nothing fundamentally wrong with the company.
Sykes seems the biggest scumbag of them all. Come across him on TWTR while searching for CYDY. He's the one who probably started this. Seems like they probably used Left and Citron for their own means. Not that Citron shouldn't have vetted it more.Misleading Headline on CydoDyn (CYDY) Triggers Algo Selling
Timing. Hopefully an up-listing is near making it hard for these types of things to happen going forward. No halts on OTC stocks I guess.
I have come to hate this magazine cover with a deep and specific passion.Sykes seems the biggest scumbag of them all. Come across him on TWTR while searching for CYDY. He's the one who probably started this. Seems like they probably used Left and Citron for their own means. Not that Citron shouldn't have vetted it more.
I don't follow them but people are saying there is lots of gloating going on in twitter feeds. I'm sure they did great. Some of the seasoned shorters probably did better than some of their minions. Some of them may still be trying to cover this morning. Which could help raise the SP some.So the shorters made an absolute killing then?
The article above states the Sykes is the one the tweeted the Citron report to his network of criminals.Sykes seems the biggest scumbag of them all. Come across him on TWTR while searching for CYDY. He's the one who probably started this. Seems like they probably used Left and Citron for their own means. Not that Citron shouldn't have vetted it more.
This is super important. When I saw the plummet yesterday, my first thought was that the FDA said something bad or a patients on their drug were showing some horrible complication. In those cases, it might be prudent to dump shares. As soon as I learned about the short attack (once again, thanks to chet), it mostly calmed my nerves. Nothing wrong here, in fact it is a sign of a lot of good stuff: a very quick and decisive run up to a fairly round number. Give them credit, they timed the attack perfectly and triggered a bunch of stop loss orders. Don't get me wrong, I think they are lowlifes and this behavior should be regulated against but it was a well-perpetrated heist.This happens and the silver lining for investors is that this didn't happen because some is fundamentally wrong with the company. It happened because of fear. The short gang hit the jackpot on this attack because their target price triggered all those stop loss sell orders. This drove the price down as far as it did.
I blocked him yesterday. Within 2 minutes of the bottom there was no less than 15 tweets about how his minions bought the bottom and sold $1 later and made a quick $500 and how he is the lord and savior.The article above states the Sykes is the one the tweeted the Citron report to his network of criminals.
Yeah “for what it’s worth” those bast@rds executed well. Have to tip my cap.This is super important. When I saw the plummet yesterday, my first thought was that the FDA said something bad or a patients on their drug were showing some horrible complication. In those cases, it might be prudent to dump shares. As soon as I learned about the short attack (once again, thanks to chet), it mostly calmed my nerves. Nothing wrong here, in fact it is a sign of a lot of good stuff: a very quick and decisive run up to a fairly round number. Give them credit, they timed the attack perfectly and triggered a bunch of stop loss orders. Don't get me wrong, I think they are lowlifes and this behavior should be regulated against but it was a well-perpetrated heist.
I'm the other way. Address the raid, assure investors and hopefully provide information regarding what if anything can be done about it. I would think that he would provide an update on the uplisting as part of this.What are the prognostications for what NP discusses on this investor update? My biggest fear, candidly, is there is no specific good news and instead just rambling about all the things that might happen in the "next 2-5 weeks". If not specific news my strong preference would have been for them to just keep quiet and wait for something actual to report.
I watched several interviews with him and what I'd love to see less of is a salesman approach to hyping the potential, and more of a focus on results. He used phrasing that reminded me of Donald Trump - something to the effect of "People couldn't believe the positive results they were seeing. It was incredible." Just a lot of hype language. Watched Dr. Patterson's videos too, and I've worked around a lot of research MD's and to be honest his boosterism of the drug made me a little uncomfortable just from previous experience with doctors being more reserved. I suppose it'd be natural if you found a drug that truly worked as well as he says it does, but at the same time I'm not used to seeing such praise heaped onto a drug in this situation. I'd love to rule out what financial incentives he has, or publication incentives, for the success of the drug to be more comfortable with his reviews.What are the prognostications for what NP discusses on this investor update? My biggest fear, candidly, is there is no specific good news and instead just rambling about all the things that might happen in the "next 2-5 weeks". If not specific news my strong preference would have been for them to just keep quiet and wait for something actual to report.
They are not going to produce this themselves. A buyout is the only outcome if this drug is truly effective.This Nader video is going to be so intriguing and potentially telling.
My opinion:
They've been quiet for the past few weeks for a reason. Something is known/happening. Buyout discussions, preliminary results, whatever. Doesn't necessarily have to be good, although the run up is promising.
If Nader is super scripted and much more careful that his typical "interviews" that to me helps confirm something is up.
If discussion about risks or other CYA type language is used (even if mixed in with positives) I'll be concerned.
If that language is not used that to me is a good sign and hopefully whatever else he says would support that.
I'm sure he's a real pleasure to hang around in real life.I blocked him yesterday. Within 2 minutes of the bottom there was no less than 15 tweets about how his minions bought the bottom and sold $1 later and made a quick $500 and how he is the lord and savior.
people would just post CYDY in both.Have you guys considered a seperate CYDY/Chet Appreciation thread? Seems to be taking up all the oxygen on other stonks. Just a thought.
There are other stonks?Have you guys considered a seperate CYDY/Chet Appreciation thread? Seems to be taking up all the oxygen on other stonks. Just a thought.
I vote no. Off-shoot threads suck. I want one place to get my stonk news.Have you guys considered a seperate CYDY/Chet Appreciation thread? Seems to be taking up all the oxygen on other stonks. Just a thought.
I'd not be opposed. Miss seeing more of the other stock talk, but understandable that the last day's activity took up a lot of discussion in here. Am curious about value other folks see in the broader market now though.Have you guys considered a seperate CYDY/Chet Appreciation thread? Seems to be taking up all the oxygen on other stonks. Just a thought.