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1 hour ago, dkp993 said:

HGEN is so weird.  Great test results with a very decent chance for approval  leads to a very short term spike and slow bleed off. Volume almost nonexistent today too. Just don’t understand. 

Seems crazy to me.  Going to let it bleed out a bit more and acquire some more shares if it dips back into the $17ish range.

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6 minutes ago, McBokonon said:

Yeah, we're still REALLY early in this story. Still pre-revenue, still need one more FDA clearance. Can't blame you for taking profits.

I'm hanging tight and just letting the story unfold - this clearance has opened up some potential catalysts that will come without warning, mainly licensing deal announcements.

I'm still slightly underwater on this one.

I'll be hanging tight too, hoping you're right.

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I've been in BLOK for about a week now.

It's an ETF that invests in the RIOTs and MARAs in the world.

Up only 5% so far, but I don't have to guess which ones to be in at whatever time.

 

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52 minutes ago, Pipes said:

Seems crazy to me.  Going to let it bleed out a bit more and acquire some more shares if it dips back into the $17ish range.

Me too, but I’ve got all the money into it I’m willing to gamble.  

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1 minute ago, General Malaise said:

Anybody own or ever buy EA Sports?  Son wants to add that name to our portfolio and just looking for some simple inputs from the group here; pros, cons and alternative suggestions welcome!

Activision and Take Two might be decent alternatives. I own ATVI, been decent even with the dip lately. 

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2 hours ago, Bob Sacamano said:

+1

And also, they'd be insane not to do it. 

Vino

Vino could be a good long term investment.

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4 hours ago, Buckna said:

My immediate guess was wash sale rule and that was exactly it. Probably tons of others that will get burned by this that jumped in and started trading during the pandemic

Yep.

Which is perhaps the best reason to use IRAs instead of a regular brokerage. Of course then you're risking the IRA. But if you buy and hold in one account and trade in another, your trading should be in the IRA. 

Or, you know, actually understand taxes.

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37 minutes ago, General Malaise said:

Anybody own or ever buy EA Sports?  Son wants to add that name to our portfolio and just looking for some simple inputs from the group here; pros, cons and alternative suggestions welcome!

I do.  Bought at $98.48 in March 2019. Up 43% not including the sweet, sweet, dividends. IMHO they are still a leader in the gaming industry, particularly sports games that continue to remain popular.

I also bought ATVI around the same time at $48.51 which is up  101% not including dividends.  Probably a better play in the gaming space.


FWIW


ETA

EA Dividend $0.68 annual

ATVI Dividend $0.47 annual

 

Edited by 2Squirrels1Nut
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7 hours ago, Buckna said:

My immediate guess was wash sale rule and that was exactly it. Probably tons of others that will get burned by this that jumped in and started trading during the pandemic

Wash sale meaning that you are not allowed to claim a loss Since you bought the same stock that you just sold...

So this dude profited $800,000 overall?

How much would he have had to trade to do that? ...and how much loss was he not able to claim?? Sheesh

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13 minutes ago, Bossman said:

Wash sale meaning that you are not allowed to claim a loss Since you bought the same stock that you just sold...

So this dude profited $800,000 overall?

How much would he have had to trade to do that? ...and how much loss was he not able to claim?? Sheesh

He churned through millions for a 45k profit overall.  800k tax bill is a really harsh beatdown, though.  I wonder if they are capturing the change in basis properly.

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14 minutes ago, Sand said:

He churned through millions for a 45k profit overall.  800k tax bill is a really harsh beatdown, though.  I wonder if they are capturing the change in basis properly.

I used to think I understood taxes. Then I see this. If the dude only made $45k, how did his gains give that much tax? I get that you can't take the loss with a wash sale, but this still seems really off. 

Your last comment is the same thing I was thinking. 

Edited by -OZ-
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4 minutes ago, -OZ- said:

I used to think I understood taxes. Then I see this. If the dude only made $45k, how did his gains give that much tax? I get that you can't take the loss with a wash sale, but this still seems really off. 

Seems really hard to do.  The basis adjustment should help in this a lot.  Example:

For example, consider the case of an investor who purchased 100 shares of Microsoft for $33, sold the shares at $30, and within 30 days bought 100 shares at $32. In this case, while the loss of $300 would be disallowed by the IRS because of the wash-sale rule, it can be added to the $3,200 cost of the new purchase. The new cost basis, therefore, becomes $3,500 for the 100 shares that were purchased the second time, or $35 per share.

Sounds like the guy needs a really good CPA to weed through this.

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28 minutes ago, Sand said:

Seems really hard to do.  The basis adjustment should help in this a lot.  Example:

For example, consider the case of an investor who purchased 100 shares of Microsoft for $33, sold the shares at $30, and within 30 days bought 100 shares at $32. In this case, while the loss of $300 would be disallowed by the IRS because of the wash-sale rule, it can be added to the $3,200 cost of the new purchase. The new cost basis, therefore, becomes $3,500 for the 100 shares that were purchased the second time, or $35 per share.

Sounds like the guy needs a really good CPA to weed through this.

The ROI on that CPA will probably be his best investment.

Really though, the frequency of trading to only make $45k seems really not worthwhile. Maybe it you start with like $100. Now, if he actually made enough to have $800k in taxes, 🚀🌚

Edited by -OZ-
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14 minutes ago, -OZ- said:

The ROI on that CPA will probably be his best investment.

Really though, the frequency of trading to only make $45k seems really not worthwhile. Maybe it you start with like $100. Now, if he actually made enough to have $800k in taxes, 🚀🌚

If I could daytrade to a 45k yearly win I'd happily retire.  I'd regard that kind of profit to be incredibly hard to do, though.  Something like 95+% of day traders lose money over the long term.

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5 minutes ago, Sand said:

If I could daytrade to a 45k yearly win I'd happily retire.  I'd regard that kind of profit to be incredibly hard to do, though.  Something like 95+% of day traders lose money over the long term.

In 2020 it seems like it would have been rather easy.  Not consistently, which is your point. Which I agree with, but even if I reasonably thought I'd make $4k more monthly than with long term holds I wouldn't do it.

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Just thinking about this, my wife's Roth IRA (our conservative pot) increased by $41k in 2020.  I'm not retiring. So why would I retire to actively trade for that amount? 

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31 minutes ago, Sand said:

If I could daytrade to a 45k yearly win I'd happily retire.  I'd regard that kind of profit to be incredibly hard to do, though.  Something like 95+% of day traders lose money over the long term.

It's been suggested to me more than once that I should consider this instead of going back to work. And I've definitely been trading more since I've been unemployed. But I think I'd be a terrible day trader. I'd feel like I had some daily nut I had to get to, and potentially doing that at the expense of my investments would make me too conflicted.

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25 minutes ago, Bob Sacamano said:

It's been suggested to me more than once that I should consider this instead of going back to work. And I've definitely been trading more since I've been unemployed. But I think I'd be a terrible day trader. I'd feel like I had some daily nut I had to get to, and potentially doing that at the expense of my investments would make me too conflicted.

For me it comes down to what is your roll to make those kind of returns? I’m at 64% YTD in my day trade account but I would have needed to start with a much larger sum to make it retirement worthy. And then I would be much more risk adverse due to the large sums wagered. 

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6 minutes ago, Nick Vermeil said:

For me it comes down to what is your roll to make those kind of returns? I’m at 64% YTD in my day trade account but I would have needed to start with a much larger sum to make it retirement worthy. And then I would be much more risk adverse due to the large sums wagered. 

Yep

I definitely get it as a hobby, as a way to get your gambling fix, etc.

But not as a primary means of income.

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2 hours ago, Nick Vermeil said:

For me it comes down to what is your roll to make those kind of returns? I’m at 64% YTD in my day trade account but I would have needed to start with a much larger sum to make it retirement worthy. And then I would be much more risk adverse due to the large sums wagered. 

I'm trying to get into options now.  Not as a means to replace income, but something that provides low correlation to the rest of the market.  Bonds suck, and will for a while.  So what to use as as a reasonable add to a diversified portfolio?  Commodities also suck.  Crypto is nutso.  Buy write funds have low correlation and a positive profit profile (4-5% is typical), but after reading a lot I'd probably rather write puts, as they tend to have better premiums.  Theta farming is profitable.

Day trading is way too hands on.  I don't mind semi-passive investing, but day trading is a full time job to do it right.  

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1 minute ago, Charlie Harper said:

Crazy how NNOX is only up a a few bucks after the news. Seems like a no brainer to jump in now at this price. What's the deal?

It was baked in.  Now it's down to execution.  No idea how good the management team is.

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10 hours ago, pmedina said:

Finally the RIOT day I was expecting after the earnings report. 
 

Everyone staying put or taking profits?

I got out before the uptickto go all in on EBS :kicksrock:

I would play the highs and lows.

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23 minutes ago, Nick Vermeil said:

ZOM is approaching a dollar. I may pick some up if it dips below. 

Zom is killing me. I got back in around low 1.80's. i don't know whether to average down or just ride it out. Don't want to throw good money on bad money....

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5 minutes ago, General Malaise said:

Desert Mountain having a great day.  :bag:

I suck.  Never listen to me.

You don't suck, you just let your political bias override your thoughtful analysis.  If DM hired a lunatic, you needed to weight that decision proportionally rather than throwing all your pennies on the floor.

Note - Also to your credit, you pointed this out when you mentioned selling.  Nothing wrong with being principled if that's important to your investing strategy.

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