Stock Thread (48 Viewers)

[FreeBaGeL]

I’m not usually a seller but makes me think now may not be a bad time to lighten up some.

I’ve been thinking the same thing on my stuff that’s lower confidence that also got hammered so I don’t have a lot of it. I’m certainly not wealthy but a $500 position probably isn’t worth holding longer term. Might as well use the recent run up yo consolidate/add some cash.

Also, still at the point where I’ve got some nice losses to use. Can only use $3k total each year but you can rack some up to cancel future gains on the recovery. That $3k cancellation of income is still a nice 30-40% return.

That is 3k against active income, right? But we can use more than $3k against other passive income? Like rental income?

I know better to ask a CPA but I'm between CPAs right now so I'm relying on FBG

 

[stbugs]

I’m not usually a seller but makes me think now may not be a bad time to lighten up some.

I’ve been thinking the same thing on my stuff that’s lower confidence that also got hammered so I don’t have a lot of it. I’m certainly not wealthy but a $500 position probably isn’t worth holding longer term. Might as well use the recent run up yo consolidate/add some cash.

Also, still at the point where I’ve got some nice losses to use. Can only use $3k total each year but you can rack some up to cancel future gains on the recovery. That $3k cancellation of income is still a nice 30-40% return.

That is 3k against active income, right? But we can use more than $3k against other passive income? Like rental income?

I know better to ask a CPA but I'm between CPAs right now so I'm relying on FBG

I’ll be honest and say I’m not sure but I don’t think so. I think more than $3k losses can cancel out more than $3k capital gains but that once you total you capital gains you can only go -$3k net capital gains to cancel any income. I don’t think the type of income matters just how much capital gain total loss you can use each year. You can carry over more losses indefinitely so if you have a lot of gains in 2023 you roll over all over 3k losses for next year.

 

[Capella]

It’s going to be a long slog back up that hill.

 

[GoBirds]

I’m not usually a seller but makes me think now may not be a bad time to lighten up some.

I’ve been thinking the same thing on my stuff that’s lower confidence that also got hammered so I don’t have a lot of it. I’m certainly not wealthy but a $500 position probably isn’t worth holding longer term. Might as well use the recent run up yo consolidate/add some cash.

Also, still at the point where I’ve got some nice losses to use. Can only use $3k total each year but you can rack some up to cancel future gains on the recovery. That $3k cancellation of income is still a nice 30-40% return.

That is 3k against active income, right? But we can use more than $3k against other passive income? Like rental income?

I know better to ask a CPA but I'm between CPAs right now so I'm relying on FBG

I think it’s more than $3k against capital gains right?

 

[Capella]

Wish dark red days would turn green as often as green days turn red. ****ing annoying.

 

[2Squirrels1Nut]

I’m not usually a seller but makes me think now may not be a bad time to lighten up some.

I’ve been thinking the same thing on my stuff that’s lower confidence that also got hammered so I don’t have a lot of it. I’m certainly not wealthy but a $500 position probably isn’t worth holding longer term. Might as well use the recent run up yo consolidate/add some cash.

Also, still at the point where I’ve got some nice losses to use. Can only use $3k total each year but you can rack some up to cancel future gains on the recovery. That $3k cancellation of income is still a nice 30-40% return.

That is 3k against active income, right? But we can use more than $3k against other passive income? Like rental income?

I know better to ask a CPA but I'm between CPAs right now so I'm relying on FBG

I’ll be honest and say I’m not sure but I don’t think so. I think more than $3k losses can cancel out more than $3k capital gains but that once you total you capital gains you can only go -$3k net capital gains to cancel any income. I don’t think the type of income matters just how much capital gain total loss you can use each year. You can carry over more losses indefinitely so if you have a lot of gains in 2023 you roll over all over 3k losses for next year.

That's the way I understand it.

 

[KGB]

Biggest loser so far in the contest ins

HGEN

Humanigen Inc

Long

$3.72

$0.37

-90.05%

Interesting buy opputunity?

 

[Capella]

Biggest loser so far in the contest ins

HGEN

Humanigen Inc

Long

$3.72

$0.37

-90.05%

Interesting buy opputunity?

No, I think they’re done. They don’t have any catalysts on the horizon. Don’t know how they keep the lights on.

 

[stbugs]

Biggest loser so far in the contest ins

HGEN

Humanigen Inc

Long

$3.72

$0.37

-90.05%

Interesting buy opputunity?

No, I think they’re done. They don’t have any catalysts on the horizon. Don’t know how they keep the lights on.

This may be awful, but I still wonder how much that Whyatt guy lost on HGEN and when or if he finally gave up on it. It may have been all bluster or made up but based on his entry point and how much he said he had plus the cost basis mention pointed to a significant amount of shares, if truthful.

 

[Capella]

Biggest loser so far in the contest ins

HGEN

Humanigen Inc

Long

$3.72

$0.37

-90.05%

Interesting buy opputunity?

No, I think they’re done. They don’t have any catalysts on the horizon. Don’t know how they keep the lights on.

This may be awful, but I still wonder how much that Whyatt guy lost on HGEN and when or if he finally gave up on it. It may have been all bluster or made up but based on his entry point and how much he said he had plus the cost basis mention pointed to a significant amount of shares, if truthful.

Eh, I took a hit. My first real loss in the market that was enough to bother me. But, can’t win em all. I’m still holding mine because there is no point in selling at this price. I’ll just see it to zero or maybe if it gets pumped up one last time I’ll sell.

 

[stbugs]

Biggest loser so far in the contest ins

HGEN

Humanigen Inc

Long

$3.72

$0.37

-90.05%

Interesting buy opputunity?

No, I think they’re done. They don’t have any catalysts on the horizon. Don’t know how they keep the lights on.

This may be awful, but I still wonder how much that Whyatt guy lost on HGEN and when or if he finally gave up on it. It may have been all bluster or made up but based on his entry point and how much he said he had plus the cost basis mention pointed to a significant amount of shares, if truthful.

Eh, I took a hit. My first real loss in the market that was enough to bother me. But, can’t win em all. I’m still holding mine because there is no point in selling at this price. I’ll just see it to zero or maybe if it gets pumped up one last time I’ll sell.

I might be wrong but he seemed to be in the it’s my top holding boat. I’m assuming your HGEN holdings were still small compared to your overall holdings. I’ve had a few stocks that have bothered me this year but nothing crazy by itself. My gains in CYDY certainly covered most bad buys, outside of the overall market going down.

Again, it’s a message board so you have to take things with a grain of salt but since he was such a big part of the HGEN vs. CYDY gang fights, I still wonder. I still wonder how much of Chet’s $9M profit he maintained.

 

[JB Breakfast Club]

Dipping my toe (1/10th position) in TQQQ for the first time. I think the bulls are ready to run.

 

[FreeBaGeL]

I'm between CPAs at the moment, so I'm going to ask my FBG's friends this question.

Let's say that hypothetically I had some shares of a stock I bought at the top that I wanted to capture some losses on, but wanted to keep long term while avoiding a wash sale.

Would the following qualify as a wash sale, or be okay.

For example let's say I had 100 shares of PLTR purchased at $25

1) Buy 100 additional shares of PLTR for $10/ea (now have 200 shares)
2) Wait 31 days
3) Sell the 100 shares of PLTR that were bought originally at $25 (back down to 100 shares owned)

 

[culdeus]

I'm between CPAs at the moment, so I'm going to ask my FBG's friends this question.

Let's say that hypothetically I had some shares of a stock I bought at the top that I wanted to capture some losses on, but wanted to keep long term while avoiding a wash sale.

Would the following qualify as a wash sale, or be okay.

For example let's say I had 100 shares of PLTR purchased at $25

1) Buy 100 additional shares of PLTR for $10/ea (now have 200 shares)
2) Wait 31 days
3) Sell the 100 shares of PLTR that were bought originally at $25 (back down to 100 shares owned)

If you do it in lots like this you have to maintain the fifo status more or less for everything which is nearly never a good idea. (not a CPA).

 

[Sand]

I'm between CPAs at the moment, so I'm going to ask my FBG's friends this question.

Let's say that hypothetically I had some shares of a stock I bought at the top that I wanted to capture some losses on, but wanted to keep long term while avoiding a wash sale.

Would the following qualify as a wash sale, or be okay.

For example let's say I had 100 shares of PLTR purchased at $25

1) Buy 100 additional shares of PLTR for $10/ea (now have 200 shares)
2) Wait 31 days
3) Sell the 100 shares of PLTR that were bought originally at $25 (back down to 100 shares owned)

I'm not a CPA but I think this is still a wash sale.

 

[2Squirrels1Nut]

Bought 100 UCO at $32.95

 

[nysfl2]

I'm between CPAs at the moment, so I'm going to ask my FBG's friends this question.

Let's say that hypothetically I had some shares of a stock I bought at the top that I wanted to capture some losses on, but wanted to keep long term while avoiding a wash sale.

Would the following qualify as a wash sale, or be okay.

For example let's say I had 100 shares of PLTR purchased at $25

1) Buy 100 additional shares of PLTR for $10/ea (now have 200 shares)
2) Wait 31 days
3) Sell the 100 shares of PLTR that were bought originally at $25 (back down to 100 shares owned)

I'm not a CPA but I think this is still a wash sale.

I don't think so - though it doesn't matter whether the purchase came before or after the sale, I think it only matters if it occurs within 30 days before or after the sale. So buying 31 days before the sale should get you out of it being a wash sale.

** Also not a CPA

 

[Sand]

I'm between CPAs at the moment, so I'm going to ask my FBG's friends this question.

Let's say that hypothetically I had some shares of a stock I bought at the top that I wanted to capture some losses on, but wanted to keep long term while avoiding a wash sale.

Would the following qualify as a wash sale, or be okay.

For example let's say I had 100 shares of PLTR purchased at $25

1) Buy 100 additional shares of PLTR for $10/ea (now have 200 shares)
2) Wait 31 days
3) Sell the 100 shares of PLTR that were bought originally at $25 (back down to 100 shares owned)

I'm not a CPA but I think this is still a wash sale.

I don't think so - though it doesn't matter whether the purchase came before or after the sale, I think it only matters if it occurs within 30 days before or after the sale. So buying 31 days before the sale should get you out of it being a wash sale.

** Also not a CPA

I read it wrong and stand corrected - this is fine. You do double your exposure for 31 days, but this works.

 

[SFBayDuck]

Do any of you invest in MLPs or PTPs? I know you don't want to hold them in tax-advantaged accounts, and in my research it looks like the whole Schedule K thing and the complications around taxes on them may make them more trouble than they're worth. I bought some IEP early this year thinking that would be a good place to park some money and get a 15% yield through what I figured would be a choppy market, but now I'm thinking I may want to sell it by year end just to keep the tax implications from getting even more complicated by carrying it year over year.

 

[BassNBrew]

BROS getting pummelled after hours. What's up?

 

[KGB]

BROS getting pummelled after hours. What's up?

Holy crap, sell the news?


might buy some morre

 

[ChiefD]

BROS getting pummelled after hours. What's up?

BROS getting pummelled after hours. What's up?

Holy crap, sell the news?


might buy some morre

Because stocks are dumb?

Who knows. I may buy some more too.

 

[Capella]

Because stocks are dumb?

Read a headline today that said “stocks are down on positive Walmart guidance” lmao

 

[JB Breakfast Club]

GME still memeing with random candles that create halts.

 

[Alien Fantasy]

Thank you Ryan Cohen for my great day today (BBBY and GME)

 

[NajehHejan]

I'm sick of buying stocks and holding and losing money so I figured I'd switch it up and buy and hold long call options that will lose money. Maybe Manchin buckles under pressure and the clean energy bill provisions get done.

FilledBuy to Open10 EXPR Jan 20 2023 2.5 Call Limit 0.33

FilledBuy to Open10 WW Jan 19 2024 10.0 Call Limit 0.86

FilledBuy to Open9 BLDP Jan 19 2024 10.0 Call Limit 1.30

FilledBuy to Open10 FCEL Jan 19 2024 5.0 Call Limit 1.17

After buying these I had immediately put in GTC sell orders for 100% gains. WW and FCEL hit a few weeks ago, BLDP hit last week, and EXPR hit today. This is not a “hey look at me, I’m awesome” post but rather just saying going forward with my play money I may just buy long range call options on stocks that have beaten down, as opposed to buying and holding those pieces of crap.

 

[General Malaise]

BROS getting pummelled after hours. What's up?

Best guess - we saw massive short covering after the earnings and now shorts are re-establishing positions.

It's a growth stock; I expect pain along the way, but I'm in for the long haul with this one. I don't have a very high IQ and I can't decipher a 10-Q better than llama could but I know that every time I pass one of these they are jammed with cars trying to get caffeinated sugar water into their veins at $6.50 a pop.

 

[BeTheMatch]

BROS getting pummelled after hours. What's up?

Best guess - we saw massive short covering after the earnings and now shorts are re-establishing positions.

It's a growth stock; I expect pain along the way, but I'm in for the long haul with this one. I don't have a very high IQ and I can't decipher a 10-Q better than llama could but I know that every time I pass one of these they are jammed with cars trying to get caffeinated sugar water into their veins at $6.50 a pop.

That's exactly why I have a bunch of shares too. Long lines 24 hours a day at multiple locations in my town.

 

[msudaisy26]

FUBO up 60 percent today. What is going on?

 

[2Squirrels1Nut]

Thank you Ryan Cohen for my great day today (BBBY and GME)

I think I heard he was buying 70-80-90 BBBY calls?

Crazy

ETA

Ryan Cohen Just Gave Bed Bath & Beyond (BBBY) Stock a HUGE Boost

BBBY stock is squeezing higher following the disclosure of a massive call options purchase by RC Venture's Ryan Cohen.

investorplace.com

 

[KGB]

BROS getting pummelled after hours. What's up?

Best guess - we saw massive short covering after the earnings and now shorts are re-establishing positions.

It's a growth stock; I expect pain along the way, but I'm in for the long haul with this one. I don't have a very high IQ and I can't decipher a 10-Q better than llama could but I know that every time I pass one of these they are jammed with cars trying to get caffeinated sugar water into their veins at $6.50 a pop.

That's exactly why I have a bunch of shares too. Long lines 24 hours a day at multiple locations in my town.

Might sell some CCL for it.

Finally I made a call right though. Lifting the COVID stuff to boost travel /CCL.

I know, no brainer now, but they hadn't announced yet

 

[Alien Fantasy]

Thank you Ryan Cohen for my great day today (BBBY and GME)

I think I heard he was buying 70-80-90 BBBY calls?

Crazy

ETA

Ryan Cohen Just Gave Bed Bath & Beyond (BBBY) Stock a HUGE Boost

BBBY stock is squeezing higher following the disclosure of a massive call options purchase by RC Venture's Ryan Cohen.

investorplace.com

He bought them some time ago when the stock was around $15 I believe. The stock then went to below $7, before staging this rally.

The fact business news is just now reporting on it is to try and fit their narrative that Ryan Cohen is attempting to engineer a short squeeze.

 

[Desert_Power]

FUBO up 60 percent today. What is going on?

Because stocks are dumb?

 

[2Squirrels1Nut]

Thank you Ryan Cohen for my great day today (BBBY and GME)

I think I heard he was buying 70-80-90 BBBY calls?

Crazy

ETA

Ryan Cohen Just Gave Bed Bath & Beyond (BBBY) Stock a HUGE Boost

BBBY stock is squeezing higher following the disclosure of a massive call options purchase by RC Venture's Ryan Cohen.

investorplace.com

He bought them some time ago when the stock was around $15 I believe. The stock then went to below $7, before staging this rally.

The fact business news is just now reporting on it is to try and fit their narrative that Ryan Cohen is attempting to engineer a short squeeze.

It's still crazy to me that companies that are struggling to survive have these kinds of valuations. Still, welcome complete stranger and best of luck!

 

[Capella]

The rug pull on BBBY is going to be ugly

 

[BassNBrew]

The rug pull on BBBY is going to be ugly

80 million shares outstanding, 10 day average volume is 100 million. 84% Institutional ownership. If this is meme driven are there guys flipping this stock every couple of minutes.

 

[2Squirrels1Nut]

The rug pull on BBBY is going to be ugly

A $1, 1/24, put is $0.29. Yes, it is. :(

 

[Capella]

The rug pull on BBBY is going to be ugly

A $1, 1/24, put is $0.29. Yes, it is. :(

Wow…

 

[Alien Fantasy]

The rug pull on BBBY is going to be ugly

80 million shares outstanding, 10 day average volume is 100 million. 84% Institutional ownership. If this is meme driven are there guys flipping this stock every couple of minutes.

It's not meme driven. Retail has rarely been the culprit in these massive volume moves. This is high-frequency algo trading by the market makers. BBBY is the latest stock being used in a swap to run with GME so that certain hedge funds don't get margin called on their GME bet gone bad. If BBBY finishes above $25 on Friday, someone is in deep trouble though. Similarly, if GME finishes above $45 on Friday, real pain is about to be felt.

 

[Alien Fantasy]

Thank you Ryan Cohen for my great day today (BBBY and GME)

I think I heard he was buying 70-80-90 BBBY calls?

Crazy

ETA

Ryan Cohen Just Gave Bed Bath & Beyond (BBBY) Stock a HUGE Boost

BBBY stock is squeezing higher following the disclosure of a massive call options purchase by RC Venture's Ryan Cohen.

investorplace.com

He bought them some time ago when the stock was around $15 I believe. The stock then went to below $7, before staging this rally.

The fact business news is just now reporting on it is to try and fit their narrative that Ryan Cohen is attempting to engineer a short squeeze.

It's still crazy to me that companies that are struggling to survive have these kinds of valuations. Still, welcome complete stranger and best of luck!

This is the new account of David Dodds. I was nuked in the transfer.

 

[2Squirrels1Nut]

Thank you Ryan Cohen for my great day today (BBBY and GME)

I think I heard he was buying 70-80-90 BBBY calls?

Crazy

ETA

Ryan Cohen Just Gave Bed Bath & Beyond (BBBY) Stock a HUGE Boost

BBBY stock is squeezing higher following the disclosure of a massive call options purchase by RC Venture's Ryan Cohen.

investorplace.com

He bought them some time ago when the stock was around $15 I believe. The stock then went to below $7, before staging this rally.

The fact business news is just now reporting on it is to try and fit their narrative that Ryan Cohen is attempting to engineer a short squeeze.

It's still crazy to me that companies that are struggling to survive have these kinds of valuations. Still, welcome complete stranger and best of luck!

This is the new account of David Dodds. I was nuked in the transfer.

I thought so GB and happy to see you back.

 

[Capella]

How tf was the David Dodds account nuked in the transfer

 

[Alien Fantasy]

How tf was the David Dodds account nuked in the transfer

I always had member account #1 from the old board with it registered to dodds@footballguys.com. The new message board did not recognize my login and I did not pursue it as I know the staff is likely swamped with the season approaching. I opted to create this new ID instead.

 

[Desert_Power]

Thank you Ryan Cohen for my great day today (BBBY and GME)

I think I heard he was buying 70-80-90 BBBY calls?

Crazy

ETA

Ryan Cohen Just Gave Bed Bath & Beyond (BBBY) Stock a HUGE Boost

BBBY stock is squeezing higher following the disclosure of a massive call options purchase by RC Venture's Ryan Cohen.

investorplace.com

He bought them some time ago when the stock was around $15 I believe. The stock then went to below $7, before staging this rally.

The fact business news is just now reporting on it is to try and fit their narrative that Ryan Cohen is attempting to engineer a short squeeze.

It's still crazy to me that companies that are struggling to survive have these kinds of valuations. Still, welcome complete stranger and best of luck!

This is the new account of David Dodds. I was nuked in the transfer.

Did you end up starting your own FF site? I tried searching for "Alien Fantasy", but it was a mistake.

 

[NajehHejan]

After kicking myself for watching soxl go from 14/15 to 22+ feel fortunate to have had today to start an opening position of 333 shares at 18.79

 

[Alien Fantasy]

Thank you Ryan Cohen for my great day today (BBBY and GME)

I think I heard he was buying 70-80-90 BBBY calls?

Crazy

ETA

Ryan Cohen Just Gave Bed Bath & Beyond (BBBY) Stock a HUGE Boost

BBBY stock is squeezing higher following the disclosure of a massive call options purchase by RC Venture's Ryan Cohen.

investorplace.com

He bought them some time ago when the stock was around $15 I believe. The stock then went to below $7, before staging this rally.

The fact business news is just now reporting on it is to try and fit their narrative that Ryan Cohen is attempting to engineer a short squeeze.

It's still crazy to me that companies that are struggling to survive have these kinds of valuations. Still, welcome complete stranger and best of luck!

This is the new account of David Dodds. I was nuked in the transfer.

Did you end up starting your own FF site? I tried searching for "Alien Fantasy", but it was a mistake.

No, I opted to just stay retired.

 

[2Squirrels1Nut]

The rug pull on BBBY is going to be ugly

Well, that was fast. Cohen filed yesterday that he was selling all of his shares,stock plummeting. :(

 

[McBokonon]

The rug pull on BBBY is going to be ugly

Well, that was fast. Cohen filed yesterday that he was selling all of his shares,stock plummeting. :(

“Diamond Hands for thee, but not for me.”

 

[stbugs]

The rug pull on BBBY is

The rug pull on BBBY is going to be ugly

Well, that was fast. Cohen filed yesterday that he was selling all of his shares,stock plummeting. :(

“Diamond Hands for thee, but not for me.”

Lol. Love it. Down 20% AH, might be even lower tomorrow morning. This is all retail volume with the recent bumps and here’s yet another example of the rich guys that retail loves taking advantage of them. The execs at AMC sold everything they had vested and the CEO even acted like his invested amounts were him being supportive. Nope, if they were vested, they would have already sold them too.

I’d still never short them because a volume of 250M shares in a day is going to create wild swings. Heck, I’m not an options guy anyway.

 

[2Squirrels1Nut]

The rug pull on BBBY is

The rug pull on BBBY is going to be ugly

Well, that was fast. Cohen filed yesterday that he was selling all of his shares,stock plummeting. :(

“Diamond Hands for thee, but not for me.”

Lol. Love it. Down 20% AH, might be even lower tomorrow morning. This is all retail volume with the recent bumps and here’s yet another example of the rich guys that retail loves taking advantage of them. The execs at AMC sold everything they had vested and the CEO even acted like his invested amounts were him being supportive. Nope, if they were vested, they would have already sold them too.

I’d still never short them because a volume of 250M shares in a day is going to create wild swings. Heck, I’m not an options guy anyway.

You can't short them, no shares available. I've tried dozens of times.