pmedina Posted April 5 Share Posted April 5 Finally the RIOT day I was expecting after the earnings report. Everyone staying put or taking profits? 1 Quote Link to comment Share on other sites More sharing options...
Pipes Posted April 5 Share Posted April 5 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. 1 Quote Link to comment Share on other sites More sharing options...
identikit Posted April 5 Share Posted April 5 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. Quote Link to comment Share on other sites More sharing options...
The Ref Posted April 5 Share Posted April 5 1 hour ago, Keerock said: Huge MARA fan these past few trading days! ETA: HVBTF too... $MARA been decent! options up 200% in a week Quote Link to comment Share on other sites More sharing options...
pmedina Posted April 5 Share Posted April 5 1 minute ago, The Ref said: $MARA been decent! options up 200% in a week Chose RIOT over MARA 🥺. Quote Link to comment Share on other sites More sharing options...
identikit Posted April 5 Share Posted April 5 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. 1 Quote Link to comment Share on other sites More sharing options...
dkp993 Posted April 5 Share Posted April 5 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. 1 Quote Link to comment Share on other sites More sharing options...
General Malaise Posted April 5 Share Posted April 5 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! Quote Link to comment Share on other sites More sharing options...
Swaymoney Posted April 5 Share Posted April 5 Why is CYDY up over 20% today? Quote Link to comment Share on other sites More sharing options...
stbugs Posted April 5 Share Posted April 5 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. 1 1 Quote Link to comment Share on other sites More sharing options...
-OZ- Posted April 5 Share Posted April 5 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. Quote Link to comment Share on other sites More sharing options...
-OZ- Posted April 5 Share Posted April 5 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. 2 Quote Link to comment Share on other sites More sharing options...
2Squirrels1Nut Posted April 5 Share Posted April 5 (edited) 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 April 5 by 2Squirrels1Nut 1 Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted April 5 Share Posted April 5 Someone at WSB made this, in case anyone is interested. One exists for the House, too. Link at the top of that page. 1 Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted April 5 Share Posted April 5 2 hours ago, -OZ- said: Vino could be a good long term investment. I pile every cent I can into it. 2 2 Quote Link to comment Share on other sites More sharing options...
Bossman Posted April 5 Share Posted April 5 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 Quote Link to comment Share on other sites More sharing options...
Sand Posted April 5 Share Posted April 5 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. 1 Quote Link to comment Share on other sites More sharing options...
-OZ- Posted April 5 Share Posted April 5 (edited) 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 April 5 by -OZ- 1 Quote Link to comment Share on other sites More sharing options...
Sand Posted April 5 Share Posted April 5 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. 2 1 Quote Link to comment Share on other sites More sharing options...
-OZ- Posted April 5 Share Posted April 5 (edited) 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 April 5 by -OZ- Quote Link to comment Share on other sites More sharing options...
Sand Posted April 5 Share Posted April 5 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. Quote Link to comment Share on other sites More sharing options...
-OZ- Posted April 5 Share Posted April 5 (edited) 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. Edited April 5 by -OZ- Quote Link to comment Share on other sites More sharing options...
-OZ- Posted April 5 Share Posted April 5 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? Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted April 5 Share Posted April 5 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. Quote Link to comment Share on other sites More sharing options...
Nick Vermeil Posted April 6 Share Posted April 6 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. 1 Quote Link to comment Share on other sites More sharing options...
-OZ- Posted April 6 Share Posted April 6 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. 1 Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted April 6 Share Posted April 6 $45k/253 market days per year = just under $178/day. Piece of cake, right? 1 1 Quote Link to comment Share on other sites More sharing options...
Nick Vermeil Posted April 6 Share Posted April 6 6 minutes ago, Bob Sacamano said: $45k/253 market days per year = just under $178/day. Piece of cake, right? LET’S DO THIS!!! 1 Quote Link to comment Share on other sites More sharing options...
Nick Vermeil Posted April 6 Share Posted April 6 (edited) 8 hours ago, identikit said: In for some. Up in after hours. CARA moves to s&p small cap 600. Edited April 6 by Nick Vermeil 1 Quote Link to comment Share on other sites More sharing options...
[icon] Posted April 6 Share Posted April 6 Interesting sites.... anyone think these are accurate? https://senatestockwatcher.com/ https://housestockwatcher.com/ Quote Link to comment Share on other sites More sharing options...
Sand Posted April 6 Share Posted April 6 25 minutes ago, [icon] said: Interesting sites.... anyone think these are accurate? https://senatestockwatcher.com/ https://housestockwatcher.com/ They're accurate, but likely outdated by the time they are published. 1 Quote Link to comment Share on other sites More sharing options...
Sand Posted April 6 Share Posted April 6 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. 3 Quote Link to comment Share on other sites More sharing options...
⚡DEADHEAD⚡ Posted April 6 Share Posted April 6 Most people made money, and a lot of it, in the last 12 months. The catch is that you have to make money in flat and down markets. 2 Quote Link to comment Share on other sites More sharing options...
Charlie Harper Posted April 6 Share Posted April 6 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? Quote Link to comment Share on other sites More sharing options...
Sand Posted April 6 Share Posted April 6 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. 1 Quote Link to comment Share on other sites More sharing options...
KGB Posted April 6 Share Posted April 6 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 I would play the highs and lows. 1 Quote Link to comment Share on other sites More sharing options...
McBokonon Posted April 6 Share Posted April 6 9 hours ago, Sand said: It was baked in. Now it's down to execution. No idea how good the management team is. CEO on Bloomberg yesterday He’s clearly excited but also realistic - this is likely to take some time. I’m willing to wait. 1 Quote Link to comment Share on other sites More sharing options...
Nick Vermeil Posted April 6 Share Posted April 6 ZOM is approaching a dollar. I may pick some up if it dips below. Quote Link to comment Share on other sites More sharing options...
NajehHejan Posted April 6 Share Posted April 6 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.... Quote Link to comment Share on other sites More sharing options...
JAA Posted April 6 Share Posted April 6 $RHCCF -- *POLITICALLY APPROVED* Quote Link to comment Share on other sites More sharing options...
McBokonon Posted April 6 Share Posted April 6 Link to hearing on Teams For those in TMDX (I have a starter position) you might notice the stock is halted. Their heart system is being reviewed by an FDA advisory committee right now. There's a chance we hear a recommendation today but an actual approval is probably months away. 1 Quote Link to comment Share on other sites More sharing options...
Johnnie Nepal Posted April 6 Share Posted April 6 37 minutes ago, JAA said: $RHCCF -- *POLITICALLY APPROVED* DMEHF is up today too... was there news or announcement somewhere? Quote Link to comment Share on other sites More sharing options...
Johnnie Nepal Posted April 6 Share Posted April 6 Will my late 80s baseball cards finally be worth something? https://finance.yahoo.com/news/sports-card-firm-topps-public-124953213.html 2 Quote Link to comment Share on other sites More sharing options...
Ridgeback Posted April 6 Share Posted April 6 (edited) For those still in tankers, which do you prefer between FRO and INSW? Why? I'm going to eliminate one of those from my portfolio, and would appreciate some feedback. Edited April 6 by Ridgeback Quote Link to comment Share on other sites More sharing options...
BroadwayG Posted April 6 Share Posted April 6 Sold some SE on the runup to get into NNOX. 1 Quote Link to comment Share on other sites More sharing options...
identikit Posted April 6 Share Posted April 6 14 hours ago, Nick Vermeil said: Up in after hours. CARA moves to s&p small cap 600. Any idea on an exit point for this one? Thanks for the tip. Quote Link to comment Share on other sites More sharing options...
Nigel Posted April 6 Share Posted April 6 Pretty disappointing to see where $NNOX has settled after its run to $72 premarket yesterday. Oh well. Just added some, getting my cost down from $62 to $57. 2 Quote Link to comment Share on other sites More sharing options...
BassNBrew Posted April 6 Share Posted April 6 Trimmed some SE. it had gotten to 5% of my account. Took 10% off the table that up 25% in 2 weeks. 1 Quote Link to comment Share on other sites More sharing options...
General Malaise Posted April 6 Share Posted April 6 2 hours ago, JAA said: $RHCCF -- *POLITICALLY APPROVED* Desert Mountain having a great day. I suck. Never listen to me. 1 Quote Link to comment Share on other sites More sharing options...
BassNBrew Posted April 6 Share Posted April 6 5 minutes ago, General Malaise said: Desert Mountain having a great day. 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. 5 Quote Link to comment Share on other sites More sharing options...
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