stbugs 3,363 Posted February 25 Share Posted February 25 16 minutes ago, McBokonon said: Just comforting to see the long term theses intact during days like these. Agreed. I’ve had some decent reports that triggered a drop but I feel good knowing most of what I own should be good to go in 5-10 years. Quote Link to post Share on other sites
GoBirds 10,371 Posted February 25 Share Posted February 25 2 hours ago, CR69 said: So he was correct that the daily percentage changes on bitcoin vs GBTC won't line up because of the fact that crypto trades 24/7. But part of what you're seeing is it going from a premium to a discount. I bought more today and already have 1/3 of my net worth in crypto. I admire your set of stones my friend. Quote Link to post Share on other sites
hooter311 2,950 Posted February 25 Share Posted February 25 18 minutes ago, BassNBrew said: Help...anyone else get one of these? I got one too but haven't tried to make any sense out of it. Quote Link to post Share on other sites
John Kreese 75 Posted February 26 Share Posted February 26 Looking forward to DKNG blowing out earnings tomorrow followed by the stock sinking faster than cobra Kai tshirt sales after the ‘84 all valley 3 2 2 Quote Link to post Share on other sites
HaFo SaFo 110 Posted February 26 Share Posted February 26 1 hour ago, BassNBrew said: Help...anyone else get one of these? Didn't we just discuss this yesterday? 2 Quote Link to post Share on other sites
HaFo SaFo 110 Posted February 26 Share Posted February 26 1 hour ago, BassNBrew said: Help...anyone else get one of these? If you own an MLP in a tax-advantaged account like an IRA or 401K, you have to pay taxes on it, even though the account itself is otherwise tax advantaged. An MLP or LP is structured in such a way that the corporation itself doesn't pay taxes, the tax liability is passed to the shareholders. You'll get a K1 telling you what profits were earned on your behalf and you have to pay the tax on that yourself. Since it's inside an IRA or 401k, though, the government isn't getting their cut, and they definitely want it, so it's on you to come up with it. Generally if your share of the corporation's profit is $1000 or more. What I have trouble figuring out is how to easily tell if a given ticker is an MLP, because on etrade or yahoo finance or whatever, I can't seem to find where they put that info. I own a PTP in a taxable account so I have to do the K1 dance every year, thankfully it's not inside a retirement account so I don't have this added worry of the IRS wanting into my IRA. 1 1 Quote Link to post Share on other sites
CR69 1,503 Posted February 26 Share Posted February 26 4 hours ago, John Kreese said: Yeah I get the timing of GBTC and BTC trading hours. It just seemed extreme that at market close yesterday bitcoin was at 49,174 and GBTC was at 48.40. Today at market close bitcoin was at 49,160 and GBTC closed at 45.64. I'm probably an idiot and missing something more than the premium swinging. Nope not an idiot, it’s just the market taking a dump today so GBTC didn’t track the price of Bitcoin like it’s supposed to. 1 Quote Link to post Share on other sites
CR69 1,503 Posted February 26 Share Posted February 26 (edited) Dup Edited February 26 by CR69 Quote Link to post Share on other sites
steelerfan1 402 Posted February 26 Share Posted February 26 3 hours ago, McBokonon said: $AXON you sexy beast Down to 152 AH I’ll see you guy in March... Quote Link to post Share on other sites
McBokonon 3,660 Posted February 26 Share Posted February 26 Just now, steelerfan1 said: Down to 152 AH I’ll see you guy in March... That 152 won’t matter. Seems like an anomaly at the tail end of AH. But yeah, things are grumpy now. If you’re new to this it’s probably disconcerting but this is what owning growth is like. I added a little to AXON, FVRR, ETSY, SE, SQ, TTD, and ABNB today. Very little because I have decent positions already and I’m not sure this is over, but in 5 years I won’t even remember this. 2 1 Quote Link to post Share on other sites
FreeBaGeL 9,328 Posted February 26 Share Posted February 26 Whelp I averaged down on TSLA. Still have a crappy average ($740) but better than it was. Hopefully this is just one in a long line of many TSLA dips and not an actual mid-term top. Either way, I like the stock. Quote Link to post Share on other sites
GROOT 1,230 Posted February 26 Share Posted February 26 (edited) 4 hours ago, Bonfire said: I am Miss Cleo predicting GME to drift up afterhours, I have no basis for this. GME explodes tommorrow morning again. Traders will stay away from the bond market influence on conventional stocks. Traders instead will swing for the fence on GME, maybe AMC. This isn't financial advice, only my gut. Edited February 26 by GROOT 1 Quote Link to post Share on other sites
Desert_Power 1,042 Posted February 26 Share Posted February 26 7 minutes ago, FreeBaGeL said: Whelp I averaged down on TSLA. Still have a crappy average ($740) but better than it was. Hopefully this is just one in a long line of many TSLA dips and not an actual mid-term top. Either way, I like the stock. Interesting move given our whole discussion a couple days ago about whether or not we are in a tech bubble. Tesla is already priced like its going to eat the entire industry and has a CEO that openly tries to manipulate the value of its stock/investments on Twitter. If there is a tech bubble to pop, this might be the poster child. Quote Link to post Share on other sites
Sand 6,118 Posted February 26 Share Posted February 26 3 hours ago, BassNBrew said: Help...anyone else get one of these? Yep - got one today. One for BIP, which I had a grand total of 4k worth in an IRA for about a year. Another for USO, which I owned for 3 days. Eh, the chances of you exceeding $1,000 in UBTI is pretty small unless you had a big chunk of an LP or MLP in an IRA. Most MLPs have negative UBTI, anyway. I got a letter on those two and I'm 99.99% sure that they aren't anywhere close to the threshold. 1 1 Quote Link to post Share on other sites
hooter311 2,950 Posted February 26 Share Posted February 26 52 minutes ago, Desert_Power said: Interesting move given our whole discussion a couple days ago about whether or not we are in a tech bubble. Tesla is already priced like its going to eat the entire industry and has a CEO that openly tries to manipulate the value of its stock/investments on Twitter. If there is a tech bubble to pop, this might be the poster child. If we can't go to Mars, I don't really have any use for all this money anyways. 1 Quote Link to post Share on other sites
Desert_Power 1,042 Posted February 26 Share Posted February 26 26 minutes ago, hooter311 said: If we can't go to Mars, I don't really have any use for all this money anyways. TSLA is working on space exploration too? Quote Link to post Share on other sites
hooter311 2,950 Posted February 26 Share Posted February 26 24 minutes ago, Desert_Power said: TSLA is working on space exploration too? Musk is, who's wealth is locked up in tesla. Quote Link to post Share on other sites
KGB 457 Posted February 26 Share Posted February 26 Moved 1/2 my PLTR to Apple. Buying 300 DIS at open. I have a few PLTR options so, I still like long term 1 Quote Link to post Share on other sites
Leeroy Jenkins 3,046 Posted February 26 Share Posted February 26 4 hours ago, BassNBrew said: Help...anyone else get one of these? what does that even mean? Quote Link to post Share on other sites
Desert_Power 1,042 Posted February 26 Share Posted February 26 2 minutes ago, hooter311 said: Musk is, who's wealth is locked up in tesla. I know that. What does it have to do with TSLA's sky-high valuation or its CEO's likely securities violations? Quote Link to post Share on other sites
Desert_Power 1,042 Posted February 26 Share Posted February 26 1 hour ago, Sand said: Yep - got one today. One for BIP, which I had a grand total of 4k worth in an IRA for about a year. Another for USO, which I owned for 3 days. Eh, the chances of you exceeding $1,000 in UBTI is pretty small unless you had a big chunk of an LP or MLP in an IRA. Most MLPs have negative UBTI, anyway. I got a letter on those two and I'm 99.99% sure that they aren't anywhere close to the threshold. How do you like BIP? It rallied a good bit post election and has been on my shortlist. Quote Link to post Share on other sites
Swaymoney 66 Posted February 26 Share Posted February 26 Another absolute beat down coming tomorrow to close out the week. SWEET! 1 Quote Link to post Share on other sites
2Squirrels1Nut 2,497 Posted February 26 Share Posted February 26 26 minutes ago, Swaymoney said: Another absolute beat down coming tomorrow to close out the week. SWEET! We were due for a pull back. I've been trying to not be overzealous and have money to put to work. 1 Quote Link to post Share on other sites
KGB 457 Posted February 26 Share Posted February 26 Sell Short 300 BBY Buy 500 RIOT Quote Link to post Share on other sites
KGB 457 Posted February 26 Share Posted February 26 On 2/23/2021 at 8:55 PM, KGB said: WKHS over correction? dammit. Can buy them all Quote Link to post Share on other sites
hooter311 2,950 Posted February 26 Share Posted February 26 3 hours ago, Desert_Power said: I know that. What does it have to do with TSLA's sky-high valuation or its CEO's likely securities violations? If Elon can't afford to go to Mars, how the heck am I going to get there? Quote Link to post Share on other sites
David Dodds 2,721 Posted February 26 Share Posted February 26 (edited) YOLO and I have had such a wonderful life at that. Today I go all-in with GME. First let me say that this is not sound financial advice and I am not a cat. Don't do what I do with money you can't lose. It's reckless at best and could implode on me in a big way. I think there is a real chance (above 15%) that GME could get caught in a gamma squeeze. It tried to happen yesterday when the stock showed massive support at 125 which gave it fuel to push to 150. Breaking 150 triggers so many call options that once it broke through it was knocking on the 180s. Fuel stops get triggered at 125, 150, 200, 300, 400, 500, 600, and 800. Some serious money has put this options ladder into play. But as we also saw yesterday, once the market turned massively red, it was nearly impossible to sustain this momentum and the hedge funds needing it go below 125 (for the first call options trigger) were able to suppress the stock by yesterday's closing bell. But in Frankfurt the stock is already up 11.3%. and I don't believe retail was selling shares below $125 when the aftermarket the day before hit $184, Euro overnight was $160, and premarket US was $170. I think massive money was dumped to further short this thing. An all-out war is happening and we are all just along for the ride. I see this as a once in a lifetime event. The call options a few weeks out are also heavily being invested in so even if this thing does not get liftoff today, I sense this battle will continue for weeks if necessary. We have a LOT of the stock in Diamond hands. Ryan Cohen's team is buying. Other hedge funds likely loaded when it bottomed below $50 this past week as well. Wall Street Bets crowd is buying and holding. Activists are in the game to punish the naked short-sellers on a company they have found memories of. We know that short-interest remains high and lots of tricks are being done to disguise the amount of that short position. This is not a situation likely to be repeated anytime soon. It's happening with GameStop because the company was so badly managed that it was truly vulnerable to go the way of Blockbuster. We now know that is off of the table. Gamestop isn't going anywhere. Cohen's team + allies will be pivoting. And to get the right team in place, this company will recall their stock (for voting). It happened last year and I believe will happen this year as well. When that happens, these synthetic positions allowing this massively leveraged short will be fully exposed. Worst case scenario is I am stuck in a pivoting company that might not be that far from even earning their price valuation. In short, I LIKE THE STOCK. Assuming we have a mostly green stock market today, I am going to be doing the following: 1. I already moved in a sizeable mount of money into my trading account yesterday to have fresh ammunition. 2. Exit every non-GME position I own before the day's end. 3. Actively daytrade GME with the goal of ending up with massive shares of GME. I have an average price of $45.90 now. I am ok with ending up with an average price of $100. I am buying dips and selling highs and will be extremely active today to do my part to help trigger the $125 and $150 fueling points. This game is being played way above all of our paygrades, but I saw enough yesterday that I think the gamma play (either today or in the near future) is a real possibility. Know my shares are in diamond hands. I will be active, but I will end the day with at least twice my lofty position (and maybe a lot more). YOLO and mostly for the LULZ. Edited February 26 by David Dodds 5 2 6 Quote Link to post Share on other sites
hooter311 2,950 Posted February 26 Share Posted February 26 Been up since 3am watching the premarket action. By golly, I think you're on to something. It would have already plummeted if it was going to. Currently holding 102 shares at $138.25 average. I'm ready to double my position if given the opportunity. 1 Quote Link to post Share on other sites
David Dodds 2,721 Posted February 26 Share Posted February 26 6 minutes ago, hooter311 said: Been up since 3am watching the premarket action. By golly, I think you're on to something. It would have already plummeted if it was going to. Currently holding 102 shares at $138.25 average. I'm ready to double my position if given the opportunity. Best of luck. Our efforts may fail, but this is the right side to be on. I have a feeling we have some heavyweights on our side as well. The first battle happens at $125. 1 Quote Link to post Share on other sites
hooter311 2,950 Posted February 26 Share Posted February 26 1 minute ago, David Dodds said: Best of luck. Our efforts may fail, but this is the right side to be on. I have a feeling we have some heavyweights on our side as well. The first battle happens at $125. Win or lose, I'm just happy to be here for it. That 15% chance of a "gamma squeeze" is worth the price of admission alone... Something big is going to happen between now and the end of March. Today almost seems too obvious so I'm not gonna be on the edge of my seat for it. Even in the worst case scenario, this may still be a catalyst to rid us of that 2 day mandatory settlement period. I don't know if I'm part of the problem, or the solution, but I'm here for it! Quote Link to post Share on other sites
hooter311 2,950 Posted February 26 Share Posted February 26 To be honest, "diamond hands" is an exercise of disobedience and ignorance that I out right adore. 1 Quote Link to post Share on other sites
David Dodds 2,721 Posted February 26 Share Posted February 26 (edited) 6 minutes ago, hooter311 said: To be honest, "diamond hands" is an exercise of disobedience and ignorance that I out right adore. I am holding my coal so hard that I turned it into diamonds. And yes, I also love the memes. This is all going to make the best movie too. We just need the happy ending part. Edited February 26 by David Dodds 1 Quote Link to post Share on other sites
hooter311 2,950 Posted February 26 Share Posted February 26 1 minute ago, David Dodds said: I am holding my coal so hard that I turned it into diamonds. And yes, I also love the memes. This is all going to make the best movie too. We just need the happy ending part. Queue meme of doge dog pulling up in a lambo and then pulling a pair of those 8 bit shades down over his eyes. 1 Quote Link to post Share on other sites
Bossman 1,875 Posted February 26 Share Posted February 26 1 hour ago, David Dodds said: YOLO and I have had such a wonderful life at that. Today I go all-in with GME. First let me say that this is not sound financial advice and I am not a cat. Don't do what I do with money you can't lose. It's reckless at best and could implode on me in a big way. I think there is a real chance (above 15%) that GME could get caught in a gamma squeeze. It tried to happen yesterday when the stock showed massive support at 125 which gave it fuel to push to 150. Breaking 150 triggers so many call options that once it broke through it was knocking on the 180s. Fuel stops get triggered at 125, 150, 200, 300, 400, 500, 600, and 800. Some serious money has put this options ladder into play. But as we also saw yesterday, once the market turned massively red, it was nearly impossible to sustain this momentum and the hedge funds needing it go below 125 (for the first call options trigger) were able to suppress the stock by yesterday's closing bell. But in Frankfurt the stock is already up 11.3%. and I don't believe retail was selling shares below $125 when the aftermarket the day before hit $184, Euro overnight was $160, and premarket US was $170. I think massive money was dumped to further short this thing. An all-out war is happening and we are all just along for the ride. I see this as a once in a lifetime event. The call options a few weeks out are also heavily being invested in so even if this thing does not get liftoff today, I sense this battle will continue for weeks if necessary. We have a LOT of the stock in Diamond hands. Ryan Cohen's team is buying. Other hedge funds likely loaded when it bottomed below $50 this past week as well. Wall Street Bets crowd is buying and holding. Activists are in the game to punish the naked short-sellers on a company they have found memories of. We know that short-interest remains high and lots of tricks are being done to disguise the amount of that short position. This is not a situation likely to be repeated anytime soon. It's happening with GameStop because the company was so badly managed that it was truly vulnerable to go the way of Blockbuster. We now know that is off of the table. Gamestop isn't going anywhere. Cohen's team + allies will be pivoting. And to get the right team in place, this company will recall their stock (for voting). It happened last year and I believe will happen this year as well. When that happens, these synthetic positions allowing this massively leveraged short will be fully exposed. Worst case scenario is I am stuck in a pivoting company that might not be that far from even earning their price valuation. In short, I LIKE THE STOCK. Assuming we have a mostly green stock market today, I am going to be doing the following: 1. I already moved in a sizeable mount of money into my trading account yesterday to have fresh ammunition. 2. Exit every non-GME position I own before the day's end. 3. Actively daytrade GME with the goal of ending up with massive shares of GME. I have an average price of $45.90 now. I am ok with ending up with an average price of $100. I am buying dips and selling highs and will be extremely active today to do my part to help trigger the $125 and $150 fueling points. This game is being played way above all of our paygrades, but I saw enough yesterday that I think the gamma play (either today or in the near future) is a real possibility. Know my shares are in diamond hands. I will be active, but I will end the day with at least twice my lofty position (and maybe a lot more). YOLO and mostly for the LULZ. I'm in for 100 in pre-market . . (sorry if I have cursed you with this move ... as I do with every rookie that I draft in the first round) Quote Link to post Share on other sites
David Dodds 2,721 Posted February 26 Share Posted February 26 4 minutes ago, Bossman said: I'm in for 100 in pre-market . . (sorry if I have cursed you with this move ... as I do with every rookie that I draft in the first round) nothing but love - I don't believe in curses 1 Quote Link to post Share on other sites
ConstruxBoy 1,329 Posted February 26 Share Posted February 26 15 hours ago, BassNBrew said: CRM reports outstanding numbers...stock drops more. A tale as old as time itself... Quote Link to post Share on other sites
Capella 31,447 Posted February 26 Share Posted February 26 1 hour ago, David Dodds said: YOLO and I have had such a wonderful life at that. Today I go all-in with GME. First let me say that this is not sound financial advice and I am not a cat. Don't do what I do with money you can't lose. It's reckless at best and could implode on me in a big way. I think there is a real chance (above 15%) that GME could get caught in a gamma squeeze. It tried to happen yesterday when the stock showed massive support at 125 which gave it fuel to push to 150. Breaking 150 triggers so many call options that once it broke through it was knocking on the 180s. Fuel stops get triggered at 125, 150, 200, 300, 400, 500, 600, and 800. Some serious money has put this options ladder into play. But as we also saw yesterday, once the market turned massively red, it was nearly impossible to sustain this momentum and the hedge funds needing it go below 125 (for the first call options trigger) were able to suppress the stock by yesterday's closing bell. But in Frankfurt the stock is already up 11.3%. and I don't believe retail was selling shares below $125 when the aftermarket the day before hit $184, Euro overnight was $160, and premarket US was $170. I think massive money was dumped to further short this thing. An all-out war is happening and we are all just along for the ride. I see this as a once in a lifetime event. The call options a few weeks out are also heavily being invested in so even if this thing does not get liftoff today, I sense this battle will continue for weeks if necessary. We have a LOT of the stock in Diamond hands. Ryan Cohen's team is buying. Other hedge funds likely loaded when it bottomed below $50 this past week as well. Wall Street Bets crowd is buying and holding. Activists are in the game to punish the naked short-sellers on a company they have found memories of. We know that short-interest remains high and lots of tricks are being done to disguise the amount of that short position. This is not a situation likely to be repeated anytime soon. It's happening with GameStop because the company was so badly managed that it was truly vulnerable to go the way of Blockbuster. We now know that is off of the table. Gamestop isn't going anywhere. Cohen's team + allies will be pivoting. And to get the right team in place, this company will recall their stock (for voting). It happened last year and I believe will happen this year as well. When that happens, these synthetic positions allowing this massively leveraged short will be fully exposed. Worst case scenario is I am stuck in a pivoting company that might not be that far from even earning their price valuation. In short, I LIKE THE STOCK. Assuming we have a mostly green stock market today, I am going to be doing the following: 1. I already moved in a sizeable mount of money into my trading account yesterday to have fresh ammunition. 2. Exit every non-GME position I own before the day's end. 3. Actively daytrade GME with the goal of ending up with massive shares of GME. I have an average price of $45.90 now. I am ok with ending up with an average price of $100. I am buying dips and selling highs and will be extremely active today to do my part to help trigger the $125 and $150 fueling points. This game is being played way above all of our paygrades, but I saw enough yesterday that I think the gamma play (either today or in the near future) is a real possibility. Know my shares are in diamond hands. I will be active, but I will end the day with at least twice my lofty position (and maybe a lot more). YOLO and mostly for the LULZ. Well I certainly have enough so I’m not buying more but let’s goooooo 1 1 Quote Link to post Share on other sites
rick6668 1,254 Posted February 26 Share Posted February 26 OK, I freed up some more cash last night. Looks like everything is on sale. What's the best buy? 1 Quote Link to post Share on other sites
jamny 6,594 Posted February 26 Share Posted February 26 (edited) 23 minutes ago, rick6668 said: OK, I freed up some more cash last night. Looks like everything is on sale. What's the best buy? Personally, I'm staying on the sidelines until this all shakes out, unless you're looking to short. eta: I'm also generally a conservative investor but focus on momentum, which is in the downward direction right now. I'll gladly give up a few points to be sure things are looking up. Edited February 26 by jamny 4 Quote Link to post Share on other sites
pecorino 2,200 Posted February 26 Share Posted February 26 26 minutes ago, rick6668 said: OK, I freed up some more cash last night. Looks like everything is on sale. What's the best buy? I liked the post responding about hanging tight. That said, I’m thinking of putting some cash to work on: ICLR, PLTR, GLD, PFE, long term AAPL calls. 1 Quote Link to post Share on other sites
jamny 6,594 Posted February 26 Share Posted February 26 3 minutes ago, pecorino said: I liked the post responding about hanging tight. That said, I’m thinking of putting some cash to work on: ICLR, PLTR, GLD, PFE, long term AAPL calls. I dropped PLTR at the open yesterday but it will be one of the first I get back in to. Quote Link to post Share on other sites
Wild Young Billy 126 Posted February 26 Share Posted February 26 RIOT is way down, is the consensus to leave it there or is it going back to 70+? Quote Link to post Share on other sites
One 297 Posted February 26 Share Posted February 26 2 hours ago, David Dodds said: YOLO and I have had such a wonderful life at that. Today I go all-in with GME. First let me say that this is not sound financial advice and I am not a cat. “I am not a cat.” 😄 2 Quote Link to post Share on other sites
NajehHejan 424 Posted February 26 Share Posted February 26 ZOM is down to 1.77 pre-market. Anyone like it at these prices? Quote Link to post Share on other sites
Angry Beavers 2,061 Posted February 26 Share Posted February 26 I bought gme yesterday and i will add today. Happy to be along for the ride, win or lose. Lets go! 1 1 1 Quote Link to post Share on other sites
Nick Vermeil 3,539 Posted February 26 Share Posted February 26 3 minutes ago, NajehHejan said: ZOM is down to 1.77 pre-market. Anyone like it at these prices? The consensus wisdom is this is too high with earnings about to drop. I though am buying trying to average down from buying in too high several weeks back. Standard disclaimer, I'm a moron. 1 Quote Link to post Share on other sites
jamny 6,594 Posted February 26 Share Posted February 26 Good luck today to all you GME/AMC players! 🚀 5 1 Quote Link to post Share on other sites
Nigel 3,599 Posted February 26 Share Posted February 26 Ok, maybe there's some hope for the day? Pre-market seems to have taken a turn for the better. Not being greedy, I'll take a flat day to end this ####-show of a week/month. 4 Quote Link to post Share on other sites
John Kreese 75 Posted February 26 Share Posted February 26 12 minutes ago, Wild Young Billy said: RIOT is way down, is the consensus to leave it there or is it going back to 70+? Depends on what btc price does. Needs to jump back over 50 - 55k to get to those prices. Quote Link to post Share on other sites
Wild Young Billy 126 Posted February 26 Share Posted February 26 WSB - "jim cramer wipes from the front" 1 1 Quote Link to post Share on other sites
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