Stock Thread

[This_Guy 102]

6 minutes ago, Al Czervik said:

 

 

[JerseyToughGuys 3,149]

3 minutes ago, This_Guy said:

 

 

[Getzlaf15 10,931]

Chet once posted a pic of how many shares he has.  Pretty sure Cav is second. 

[eaganwildcats 906]

24 minutes ago, stbugs said:

Gotta be. The lines match up almost exactly and the start was October 2019 when he told us about it. SMH, has enough in my accounts to have tailed him back then. 

You and me both brother. 

[caustic 3,931]

On 6/24/2020 at 4:17 PM, caustic said:

BXRX article on Seeking Alpha: https://seekingalpha.com/instablog/50299941-north-shore-research/5463523-new-kill-shorts-bxrx

Up 5% AH. I’m slightly in the red with this one, so I might add more at tomorrow’s open.

Added more this morning at 3.91. Up 12% at the close due to a nice little afternoon rally.

[JoeSteeler 3,497]

page 666? 

Edited June 25, 2020 by JoeSteeler

[JoeSteeler 3,497]

3 minutes ago, JoeSteeler said:

page 666? 

[Slapdash 16,240]

Still?

[BroncoFreak_2K3 2,590]

Bought 10000 shares of CYDY at a buck

 

yea

 

 

 

#notselling

Edited June 25, 2020 by BroncoFreak_2K3

[⚡DEADHEAD⚡ 766]

25 minutes ago, pecorino said:

Loved the little bounce back and strong close to the day. I wasn't worried when it dipped towards $5.80 but I love seeing that rally. Are we on page 667 by now?

 

 

 

 

 

 

 

 

I think about daytrading this thing but it scares the crap out of me.

[CR69 1,470]

42 minutes ago, FreeBaGeL said:

Honestly too bad reddit removed the post.  Would have had a bunch of WSB'ers FOMO'ing into it tomorrow morning if the post stayed up.  I think they removed it because they don't allow discussion of OTC stocks so another potential runup being missed by not being listed.  Not that I'm unhappy with what is currently a 6 bagger, lol.

Repost on the other investing subreddits lol 

[Sputnikv8 494]

1 hour ago, ex-ghost said:

I'm in around 10k, but only got in at $3+.

 

1 hour ago, ghostguy123 said:

I only have 870 shares of CYDY and it makes me very sad.

 

This gets confusing.  Is this a divorce situation?  Is that why ex-ghost got more?

[CR69 1,470]

One more post for good measure...

[CR69 1,470]

Just now, Sputnikv8 said:

 

 

This gets confusing.  Is this a divorce situation?  Is that why ex-ghost got more?

That's pretty funny 

[Nugget 1,664]

Back into F

[ghostguy123 3,861]

So what the significance of this banking stress test?

[Walking Boot 8,296]

2 minutes ago, ghostguy123 said:

So what the significance of this banking stress test?

 

Well, if the banks passed the stress test, we could be reasonably confident that the entire banking system won't collapse, say, next week. They didn't, so... how much less comfortable does that make you feel?

[Slapdash 16,240]

5 minutes ago, ghostguy123 said:

So what the significance of this banking stress test?

Not much new. Making them resubmit capital plans later this year. Dividend limits that lack teeth and no share repurchases (which banks already were not going to do).

[Steeler 2,919]

https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200625c.htm

 

Quote

"The banking system has been a source of strength during this crisis," Vice Chair Randal K. Quarles said, "and the results of our sensitivity analyses show that our banks can remain strong in the face of even the harshest shocks."

 

I don't know #### about ####, but that seems like a good report to me.

[GoBirds 10,227]

1 hour ago, caustic said:

Y

Bluto ruined it!😂

[JerseyToughGuys 3,149]

Fed Repo / Discount Window has worked well it seems

[dkp993 6,999]

667.  We’re in the clear.  

[Walking Boot 8,296]

I'm gonna delete 50 of my posts in this thread from back in 2014-2016 sometime in the middle of the night.

[Chaz McNulty 1,036]

CYDY officially became a 2 banger for me today (if that's a thing).

[Mookie 2,500]

I cashed out an underperforming account at ETrade about a year ago and the cash (about $950) just sat there as I had dulled on trading. 

My cousin's wife Laura, who I was really close to, then died of METS breast cancer last September - it was a 5 year ordeal, and she was deeply angry that, in spite of all the pink outs, very little funding was going to METS research.  She was 55, and left my cousin, who is like a brother to me, and their two teenage kids.  We live 12 hours away and were in transit when she died.  I had to help carry her body out to the hearse.  It was a brutal weekend. 

In December, I happened across this thread and, seeing a synergy between Laura's death and a possible METS cure/therapy, I bought 900 shares of CYDY ($1.00) as nothing more than throwing money at a worthwhile pursuit.  I then bought another 925 shares in late April ($3.57).  I can say without reservation that it's the best investment I've ever made on a financial and deeply personal level, and the news of this drug's potential has been really uplifting during a really crummy period with COVID, layoffs, BLM, no sports, etc..  

I wrestle with being greedy and tax implications, and will soon sell some of my holding to recoup my original investment.  At that point, I plan to ride this for a bit (maybe until more METS news) but will likely sell out earlier than I should to realize my gains.  I want to buy a special gift for my cousin (a sea kayak or fishing boat) and sign the card "Love, Laura" with a description of what CYDY is all about.  He'll probably then ream me out for not cluing him in on the stock tip!    

Thanks @Chet - your steadfast recommendation is really going to bring some joy to many in this community.

[chet 4,627]

I get the following from another large shareholder. The source is the big Wall Street investment bank trading desk. Could be another GREAT day if he’s right. 
 

Quote

Here you go.....

“Institutional Investing End of Day Summary: 6/25 Price $6.15 up 23.25% from yesterday's $4.99 close. Total Vol shot up to 18,492,895, 80% above yesterday's 10,512,451. 

Institutional Block Trading Total Vol was 5,036,417 or 1.5 million more than yesterday. But the percent of institutional trading of the total volume was only 27.23%, about 6% less than yesterday's 33.12% and the average trade was smaller, though a solid number at 21,073 vs 24,692 yesterday. There were a couple of 6 figure trades during the day. The price pushed back up to $6.15 on 10-30k trades during the last 8 minutes of trading. 

So, it looks to me that institutions are clearly still interested in accumulating prior to the trial result announcement next week but were kind of dragged along by retail investors with the same idea on a nice 23% price up day. The institutions paid up on the last two trades to the $6.15 ask price. They want the stock.

So, where are we? 1-2 trading days to the possible trial result announcement day. There is lots of conviction that the results will be very good, hence the big price move.

Accordingly, tomorrow I would expect more of what we saw today only more so as time is running out to accumulate before the result announcement. Yesterday, I speculated we might be up a dollar or more today. Got lucky and was on target. 

Based on the huge jump in volume, I'll press my luck at say I would expect a $2 - 3 jump in share price to $8-9 given that positive news from the trial would reveal the first drug to effectively address worst aspect, death, of the worldwide Covid 19 pandemic, a pandemic that is accelerating and has no other effective.

Edited June 25, 2020 by chet
Fix the quote

[ex-ghost 706]

2 minutes ago, chet said:

I get the following from another large shareholder. The source is the big Wall Street investment bank trading desk. Could be another GREAT day if he’s right. 
 

Here you go.....

“Institutional Investing End of Day Summary: 6/25 Price $6.15 up 23.25% from yesterday's $4.99 close. Total Vol shot up to 18,492,895, 80% above yesterday's 10,512,451. 

Institutional Block Trading Total Vol was 5,036,417 or 1.5 million more than yesterday. But the percent of institutional trading of the total volume was only 27.23%, about 6% less than yesterday's 33.12% and the average trade was smaller, though a solid number at 21,073 vs 24,692 yesterday. There were a couple of 6 figure trades during the day. The price pushed back up to $6.15 on 10-30k trades during the last 8 minutes of trading. 

So, it looks to me that institutions are clearly still interested in accumulating prior to the trial result announcement next week but were kind of dragged along by retail investors with the same idea on a nice 23% price up day. The institutions paid up on the last two trades to the $6.15 ask price. They want the stock.

So, where are we? 1-2 trading days to the possible trial result announcement day. There is lots of conviction that the results will be very good, hence the big price move.

 

 

Holy ####.

Looks like I am waking up at 6:30am to place an order.

Edited June 25, 2020 by ex-ghost

[djmich 1,015]

20 minutes ago, chet said:

I get the following from another large shareholder. The source is the big Wall Street investment bank trading desk. Could be another GREAT day if he’s right. 
 

Here you go.....

“Institutional Investing End of Day Summary: 6/25 Price $6.15 up 23.25% from yesterday's $4.99 close. Total Vol shot up to 18,492,895, 80% above yesterday's 10,512,451. 

Institutional Block Trading Total Vol was 5,036,417 or 1.5 million more than yesterday. But the percent of institutional trading of the total volume was only 27.23%, about 6% less than yesterday's 33.12% and the average trade was smaller, though a solid number at 21,073 vs 24,692 yesterday. There were a couple of 6 figure trades during the day. The price pushed back up to $6.15 on 10-30k trades during the last 8 minutes of trading. 

So, it looks to me that institutions are clearly still interested in accumulating prior to the trial result announcement next week but were kind of dragged along by retail investors with the same idea on a nice 23% price up day. The institutions paid up on the last two trades to the $6.15 ask price. They want the stock.

So, where are we? 1-2 trading days to the possible trial result announcement day. There is lots of conviction that the results will be very good, hence the big price move.

 

 

Man, it’s tempting to chase and buy some more...must...resist

#notselling

[Charlie Harper 1,185]

Selling my LUV stock for a 13% gain and once that settles get it into CYDY if it hasn't exploded by Tuesday. LUV isn't gonna double for awhile.

Edited June 25, 2020 by Charlie Harper

[Judge Smails 3,750]

On 6/21/2020 at 6:49 PM, Bob Sacamano said:

 

 

Edited June 25, 2020 by Judge Smails

[Judge Smails 3,750]

Congrats all on CYDY! Missed the boat but cheering you on. Remember us little people!

[chet 4,627]

I should clarify that the "1-2 trading days to the possible trial announcement date" is wrong.  I really don't know what the guy is talking about.

[chet 4,627]

10 minutes ago, Charlie Harper said:

Selling my LUV stock for a 13% gain and once that settles get it into CYDY if it hasn't exploded by Tuesday. LUV isn't gonna double for awhile.

I don't want to tell you how to trade but you can buy another stock before your sell settles.  

[chet 4,627]

9 minutes ago, Judge Smails said:

Congrats all on CYDY! Missed the boat but cheering you on. Remember us little people!

It's just getting started!

$CYDY

#notselling

Edited June 25, 2020 by chet

[ghostguy123 3,861]

Quick random question on tax implications.

Say you buy 1000 worth of a stock and it triples to 3000.  If you sell 1000 worth and leave the rest alone, would you have to pay any taxes on the 1000?   

[Shula-holic 2,325]

1 minute ago, ghostguy123 said:

Quick random question on tax implications.

Say you buy 1000 worth of a stock and it triples to 3000.  If you sell 1000 worth and leave the rest alone, would you have to pay any taxes on the 1000?   

Yes.  You have to allocate the cost to your shares.  Many firms use FIFO (First in, first out) method if you bought multiple lots at different prices.  But you'd report a gain in your example of $667 ($1000 revenue - $333 cost).

[pecorino 2,145]

2 minutes ago, ghostguy123 said:

Quick random question on tax implications.

Say you buy 1000 worth of a stock and it triples to 3000.  If you sell 1000 worth and leave the rest alone, would you have to pay any taxes on the 1000?   

My understand is yes. You report the cost basis on your tax form and them you report what you sold it for. 

[ghostguy123 3,861]

1 minute ago, pecorino said:

My understand is yes. You report the cost basis on your tax form and them you report what you sold it for. 

Ok.

And I assume these site like Fidelity calculate all this for you.........at least I sure hope so

[Shula-holic 2,325]

Just now, ghostguy123 said:

Ok.

And I assume these site like Fidelity calculate all this for you.........at least I sure hope so

Well yes, they'll send you a report.  But from experience, it's incumbent upon you to report the cost basis.  They report the sales basis to the IRS.  My parents failed to list a mutual fund sale once and the tax bill came in as if they had zero basis.  I had to research it for them and document their cost basis to have that part of the penalty abated.

[Charlie Harper 1,185]

2 minutes ago, chet said:

I don't want to tell you how to trade but you can buy another stock before your sell settles.  

Thanks. I'm still learning how to trade. Re-read cash account violations and looks like I completely misunderstood "good faith violation". If my understanding is correct I can sell LUV and buy CYDY, but I just can't sell CYDY until it settles. 

My question now since market is closed and I'll be placing orders tonight to get at open tomorrow..does order of operations matter? 

Lets say I have $100 in settled cash and  10 shares of LUV. What's the best way to get CYDY?

Option A

1) Sell LUV 

2) Buy CYDY with proceeds from LUV and $100

Option B

1) Buy CYDY with settled $100.

2) Sell LUV

3) Buy CYDY with LUV proceeds. 

Also, will I be able to accomplish this with limit orders pre-market? Or because I don't know what LUV will sell at and CYDY will open at I have to do this myself at open? 

Basically....tell me how to trade! Thanks. 

[stbugs 3,215]

3 minutes ago, Shula-holic said:

Well yes, they'll send you a report.  But from experience, it's incumbent upon you to report the cost basis.  They report the sales basis to the IRS.  My parents failed to list a mutual fund sale once and the tax bill came in as if they had zero basis.  I had to research it for them and document their cost basis to have that part of the penalty abated.

Get TurboTax, I can’t imagine they don’t have all that not importing automatically. I may seem like I know stuff but I haven’t had to report any gains or losses in a while as all my investments had been retirement only until a year ago. Gotten a lot smarter in a year thanks to this thread.

[Sand 5,812]

13 minutes ago, Charlie Harper said:

Thanks. I'm still learning how to trade. Re-read cash account violations and looks like I completely misunderstood "good faith violation". If my understanding is correct I can sell LUV and buy CYDY, but I just can't sell CYDY until it settles. 

My question now since market is closed and I'll be placing orders tonight to get at open tomorrow..does order of operations matter? 

Lets say I have $100 in settled cash and  10 shares of LUV. What's the best way to get CYDY?

Option A

1) Sell LUV 

2) Buy CYDY with proceeds from LUV and $100

Option B

1) Buy CYDY with settled $100.

2) Sell LUV

3) Buy CYDY with LUV proceeds. 

Also, will I be able to accomplish this with limit orders pre-market? Or because I don't know what LUV will sell at and CYDY will open at I have to do this myself at open? 

Basically....tell me how to trade! Thanks. 

Assuming you have a cash account Option A is the easiest.  You can buy stocks with non-settled cash, but you want the CYDY trade to settle (3 days) before trading again.  Trading multiple times on unsettled cash is a violation and the brokerage will be unhappy with you - the good faith violation.  But as long as you hold CYDY until it settles all is good.  

If you really want to move around a lot you want a margin account.

Edited June 26, 2020 by Sand

[The General 24,587]

1 hour ago, ex-ghost said:

 

I get the following from another large shareholder. The source is the big Wall Street investment bank trading desk. Could be another GREAT day if he’s right. 
 

Here you go.....

“Institutional Investing End of Day Summary: 6/25 Price $6.15 up 23.25% from yesterday's $4.99 close. Total Vol shot up to 18,492,895, 80% above yesterday's 10,512,451. 

Institutional Block Trading Total Vol was 5,036,417 or 1.5 million more than yesterday. But the percent of institutional trading of the total volume was only 27.23%, about 6% less than yesterday's 33.12% and the average trade was smaller, though a solid number at 21,073 vs 24,692 yesterday. There were a couple of 6 figure trades during the day. The price pushed back up to $6.15 on 10-30k trades during the last 8 minutes of trading. 

So, it looks to me that institutions are clearly still interested in accumulating prior to the trial result announcement next week but were kind of dragged along by retail investors with the same idea on a nice 23% price up day. The institutions paid up on the last two trades to the $6.15 ask price. They want the stock.

So, where are we? 1-2 trading days to the possible trial result announcement day. There is lots of conviction that the results will be very good, hence the big price move.

Whoa

[Sand 5,812]

2 minutes ago, stbugs said:

Get TurboTax, I can’t imagine they don’t have all that not importing automatically. I may seem like I know stuff but I haven’t had to report any gains or losses in a while as all my investments had been retirement only until a year ago. Gotten a lot smarter in a year thanks to this thread.

I have Fidelity and everything just gets loaded into TT every year.  Easy peasy.  I don't trade much, so just go with Fid's FIFO basis matching.

[chet 4,627]

10 minutes ago, Charlie Harper said:

Thanks. I'm still learning how to trade. Re-read cash account violations and looks like I completely misunderstood "good faith violation". If my understanding is correct I can sell LUV and buy CYDY, but I just can't sell CYDY until it settles. 

My question now since market is closed and I'll be placing orders tonight to get at open tomorrow..does order of operations matter? 

Lets say I have $100 in settled cash and  10 shares of LUV. What's the best way to get CYDY?

Option A

1) Sell LUV 

2) Buy CYDY with proceeds from LUV and $100

Option B

1) Buy CYDY with settled $100.

2) Sell LUV

3) Buy CYDY with LUV proceeds. 

Also, will I be able to accomplish this with limit orders pre-market? Or because I don't know what LUV will sell at and CYDY will open at I have to do this myself at open? 

Basically....tell me how to trade! Thanks. 

I don't know of any rule that would preclude you from selling the CYDY in your example.  You sell LUV and have $10K that settles in 3 days.  You then buy CYDY same day and the next day it's up and you want to take a profit.  I don't know of any rule that prohibits the sale of CYDY.

 

ETA: Apparently, you should have a margin account to do the above.

Edited June 26, 2020 by chet

[Shula-holic 2,325]

Just now, stbugs said:

Get TurboTax, I can’t imagine they don’t have all that not importing automatically. I may seem like I know stuff but I haven’t had to report any gains or losses in a while as all my investments had been retirement only until a year ago. Gotten a lot smarter in a year thanks to this thread.

I do now.  The worst part is I still do my dad's taxes but not my own.  I'm a CPA but have a CPA firm do mine for me personally and my business to keep distance in between myself and that reporting.  But regardless, unless it's changed, the IRS reporting that brokerages do is a lot more stringent on the revenue side.  It's on you to document your cost basis.  Your brokerage will give it to you.  Just make sure you report it right initially.  Missed sales where the IRS always will assume a zero cost basis is a big time PITA to clear up.  My in-laws made a similar mistake once by not picking up one sale out of a laundry list.  Took me awhile to get that corrected for them as well.

[Shula-holic 2,325]

1 minute ago, Sand said:

I have Fidelity and everything just gets loaded into TT every year.  Easy peasy.  I don't trade much, so just go with Fid's FIFO basis matching.

The imports now make things so much more simple than just a few years ago.

[Sand 5,812]

6 minutes ago, chet said:

I don't know of any rule that would preclude you from selling the CYDY in your example.  You sell LUV and have $10K that settles in 3 days.  You then buy CYDY same day and the next day it's up and you want to take a profit.  I don't know of any rule that prohibits the sale of CYDY.

Maybe I misunderstand the good faith violations.  I thought moving twice with unsettled cash was a no no.  

Edit:  Nope, I have it right.  Gotta let the buy settle so you have completed the transaction with settled cash.

Edited June 26, 2020 by Sand

[Shula-holic 2,325]

Just now, Sand said:

Maybe I misunderstand the fair trade violations.  I thought moving twice with unsettled cash was a no no.  

I think you can do it on a margin account, not cash.  Been forever since I had a margin trading account, probably 10 years so I'm pretty rusty and those requirements are likely outdated.

[Charlie Harper 1,185]

6 minutes ago, Sand said:

Assuming you have a cash account Option A is the easiest.  You can buy stocks with non-settled cash, but you want the CYDY trade to settle (3 days) before trading again.  Trading multiple times on unsettled cash is a violation and the brokerage will be unhappy with you - the fair trade violation.  But as long as you hold CYDY until it settles all is good.  

If you really want to move around a lot you want a margin account.

Correct, cash account. Is option A something I can do with limit orders pre-market or does the uncertainty of the prices force me to do it manually tomorrow at open?