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Stock Thread (34 Viewers)
- Thread starter St. Louis Bob
- Start date
David Dodds
Administrator
Literally becoming Ferraris or Foodstamps for me. I added to my lofty positions in Gamestop and LRC crypto this morning. What could go wrong? LMAO
Capella
Footballguy
This is all super long term stuff, like 20 years out so not really concerned about it but the last 13 months have really been weird for this stock.
2Squirrels1Nut
Footballguy
2Squirrels1Nut
Footballguy
I added another 50 GBTC for 150 total. If it falls below 40k I'm going to double up. Let me know where I can sign up.
2Squirrels1Nut
Footballguy
I have 3500 shares of SPXS via options I would like to unload. Praying this is the correction @Todemand many others have been expecting. Rip off the banded aid then we can all continue the bull run together.
Amazon goes through some love/hate relationships with the market and it’s tended to plateau, sometimes for a while. It’s been in a 3000ish tunnel for a year+ now.
The General
Footballguy
beef
Footballguy
2Squirrels1Nut
Footballguy
Desert_Power
Footballguy
Someone much braver than me bought today's dip
Work’s been killing me after the break otherwise I would have been tempted. Still like some prices but I feel like we’ll keep bouncing.
JB Breakfast Club
Footballguy
I dropped the majority of my GME today to pick up some NVDA and a share of AMZN.
Capella
Footballguy
Something to keep in mind for the next plateau, at least for the shares I have that won’t be taxed so hard.
2Squirrels1Nut
Footballguy
Wow, NY state tax rate on the sports gambling sites is 51% of GROSS. PLUS a $5 million annual tax. As long as DKNG and group never loses a single bet, should be okay.
As long as DKNG and group never loses a single bet, should be okay.
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Wow, NY state tax rate on the sports gambling sites is 51% of NET. PLUS a $5 million annual tax.
51% of 0 is still 0.
2Squirrels1Nut
Footballguy
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Sand
Footballguy
Bookies must love this.Wow, NY state tax rate on the sports gambling sites is 51% of GROSS. PLUS a $5 million annual tax.
2Squirrels1Nut
Footballguy
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Sand
Footballguy
This reminds me of what Cali has done with weed. They have made it so expensive to do business there that the black market is thriving. Leave it to politicians to think they can tax with no limits.
Desert_Power
Footballguy
Oof. Putting the loss in loss leader.Wow, NY state tax rate on the sports gambling sites is 51% of GROSS. PLUS a $5 million annual tax.
2Squirrels1Nut
Footballguy
That makes a huge difference. They'll never make money swimming against that current.
Sand
Footballguy
Didn't/doesn't NY have a significant issue with cigarette smuggling due to the tax structure? I mean, you'd think they'd have some economists in an office in Albany that have a reasonable idea at what point the taxes will encourage an overabundance of black market activity?
It would be like repealing the alcohol prohibition but making a six pack $50 with taxes.
In the case of gambling they're just basically disallowing sports betting without banning sports gambling.
Anyway, back to losing money!
McBokonon
Footballguy
The black market already exists, though, right? Would the introduction of legal apps increase existing black market activity or would it just A.) Bring new players into the sports betting fold - ones who wouldn’t use the black market and B.) Siphon off some of the black market bettors? Seems like legalization at least gives the state a piece but certainly not all of it.
I honestly don’t know. It seems like A and B are likely but would definitely look at data suggesting otherwise.
General Malaise
Footballguy
Alphamim Resources crushed it. Announce a .03 CDN cent dividend. Stock up 5%. Need institutions to "discover" this one. I don't see the need for tin diminishing, nor the supply to respond to demand.
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
Nick Vermeil
Footballguy
identikit
Footballguy
Sand
Footballguy
Robinhood just got nailed to the wall for their "sell only" restrictions they place on investors on some stocks last year. I expect a flood of claims against them and others. Just a note for those that may be invested in trading houses that did this.
On a personal note - good. #### 'em. They completely screwed people over to defend the big guys. I hope they go bankrupt.
On a personal note - good. #### 'em. They completely screwed people over to defend the big guys. I hope they go bankrupt.
Are there more claims already at FINRA? He filed his claim 8 months ago. Also, wouldn’t it be easy to see if someone hit sell and it didn’t fill? That’s what his situation was. He was trying to be paper hands and sell to someone who wanted to buy. I can see his case that the buy button not being enabled caused his sell not to fill. I’d think it would be pretty easy to deny claims if the people didn’t ever hit sell. You could sell, you just couldn’t buy. The people who couldn’t buy got saved from huge losses to be honest. The people who couldn’t get sell orders to fill are the folks hurt and I can see their claims.
The ape army wouldn’t really have a claim as they would have held and would have bought more. The whole it would have gone to $10k is conjecture especially considering the only claims that could win are people selling.
Sand
Footballguy
I have no idea what those prices could/would have gone to. However, the direct interference in the markets was obscene. I'm glad at least one person found a way to get recompense.
Well his makes sense. If I hit sell and you restricted buyers, it’s easy to measure the loss.
How could a sell not fill? The market wasn't halted and Robinhood shares don't trade exclusivly within Robinhood.
kevzilla
Footballguy
That’s the only way I can think he has a claim. Imagine Robinhood and some other brokers stop any buy orders and there’s a ton of people who want to sell because the price went way up. Easy to see orders not filling. Did you read the article? The kid that won the claim said he wanted to sell and that the price went down when he finally could. If he had actually sold then there is no claim. The article never specifically mentions his method of sale, so I am assuming but I can’t think of another valid claim. I don’t think FINRA would validate a claim that was it would have been $1k if they didn’t turn off buying and I wanted to sell at $1k (a price it never hit).
McBokonon
Footballguy
INMD pre-announced this morning.
Record revenue for the fourth quarter in the range of $109.5M-$110M and revenue for the full year of 2021 in the range of $356.5M-$357M, higher than previously announced guidance of $343M-$347M
Record Non-GAAP1 earnings per diluted share for the fourth quarter and full year of 2021 in the range of $0.61 and $0.62 and $2.02 to $2.03, respectively
Non-GAAP1 gross margin for the full year of 2021 in the range of 84-86%
Full year 2022 revenue in the range of $415M-$425M
This thing is a steal, but up 9% premarket.
2Squirrels1Nut
Footballguy
With so many people out of work with Covid I'm shocked the stock market hasn't sold off big time. This has to effect earnings right? Maybe the next earnings reports in April?
beef
Footballguy
@2Squirrels1Nut Was thinking about people out of work and what that might do too. Also if some sectors can report earnings that live up to their recent runs. I like banks this year and will stay long on them, but they've been on a huge run, lots of new highs. Kind of feels like some will have to crush it to keep their prices where they are. Just meeting expectations might cause them to drop 5-10%. Think a few report end of this week or real soon too so I might do a little more trimming in BNKU.
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MFers with a pre-announcement on a green pre-market day. They have quarterly earnings calls that are set times and they pull this crap. Argh. Now I have to pay more. Damn freaking work. Been way too busy the past two weeks. I check stocks at quick breaks but it’s hard to formulate a plan in a few minutes. Oh well, at least I do own it, just knew it was a bargain.
