Current Events > Stock Market General #36

(+) Yeah! (+)

What are some other cheap monthly dividend stocks like SLVO?

Gotta diversify that shit for when they have a low paying month

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Anybody know what the news on Torch means for us?

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Fucking ENZC! *flips table* *sets table on fire*

Thaumaturge posted...

Fucking ENZC! *flips table* *sets table on fire*

pay-tience bruh

to da


fucking


#HODL

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Despite ENZC going down I'm in the green today because HITID went up.

Edit: on my Ameritrade account anyway.

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Thaumaturge posted...

Cause you're waiting for it to hit $3-5 like the rest of us.

Bro, I'm not selling ENZC until I'm a billionaire.

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Dude, who cares if ENZC goes from 30 cents to 10 cents?

We're waiting for dollars...the pennies will be a distant memory.

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Billyionaire posted...

Bro, I'm not selling ENZC until I'm a billionaire.

Im not ambitious enough

Im aiming for hundred-thousandaire

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littlebro07 posted...

pay-tience bruh

to da


fucking


#HODL

Oh I'm not selling until it hits $3 at least. It's still irritating to be in the red on ENZC. Mostly because I'm in the red on everything.

Thaumaturge posted...

Oh I'm not selling until it hits $3 at least. It's still irritating to be in the red on ENZC. Mostly because I'm in the red on everything.

I feel you. I genuinely don't care if my couple penny stocks go to zero, since it was a low cost YOLO and it's a long-haul so the fluctuations don't matter, but it's irritating to see them redden my portfolio so often anyway, lol.

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https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6

Hedge fund that bet against gamestop shut down in London.

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Thaumaturge posted...

Oh I'm not selling until it hits $3 at least. It's still irritating to be in the red on ENZC. Mostly because I'm in the red on everything.

Same. I figure $3 is definitely doable by EOY if everything goes well

Reeeeally hoping it happens before the baby comes in December

but if not Ill still keep holding. If I sell for my simple 1200% profit right now and walk away with like $7k after taxes and it shoots up to what wouldve been $125k after taxes a month later Id probably go into a severe depression

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jeffhardyb0yz posted...

Damn yall are super optimistic lol

I used to have a sell target of $20 lol

i dont see it ever hitting that without a split unless they literally cure cancer

if it could hit near $1 off of pure hype on simply finding common sites on virus strains with AI, then I think an OTCQB uplist, Intel collab, and positive animal trials can push it to $3 long enough for me to get the fuck out before it crashes

theres people on Twitter saying theyll hold for $50-100 lmao

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Oh and on the subject of dividend stocks - how do taxes work on dividend payments?

Like hypothetically lets say I somehow get totally debt free and invest enough to make $50,000 a year just from dividends and I quit my job and take no other income. Would I pay about the same in taxes that I would from a $50,000 job? What if I reinvested that 50k each year - still pay the same as if I cash it out?

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What does everyone think about AMC, keep holding? GameStop stayed reasonable high for awhile, then jumped up even further.

littlebro07 posted...

Like hypothetically lets say I somehow get totally debt free and invest enough to make $50,000 a year just from dividends and I quit my job and take no other income. Would I pay about the same in taxes that I would from a $50,000 job?

Yes.
littlebro07 posted...

What if I reinvested that 50k each year - still pay the same as if I cash it out?

Yes.

littlebro07 posted...

Oh and on the subject of dividend stocks - how do taxes work on dividend payments?

Like hypothetically lets say I somehow get totally debt free and invest enough to make $50,000 a year just from dividends and I quit my job and take no other income. Would I pay about the same in taxes that I would from a $50,000 job? What if I reinvested that 50k each year - still pay the same as if I cash it out?

Dividends are taxed just like regular income. Even if you do automatic reinvestment, you're awarded the value in shares of that stock, so it's still the same.

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Sweet. I wasnt sure if it was like capital gains where it could be higher.

What about the other taxes like FICA and Medicare though?

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ENZC 100 a share someday during short squeeze j/k

Trumpo posted...

ENZC 100 a share someday during short squeeze j/k

if it gets on an exchange that puts it on robinhood then maaaaybe

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littlebro07 posted...

Sweet. I wasnt sure if it was like capital gains where it could be higher.

What about the other taxes like FICA and Medicare though?

Nope, it's passive income, so there's no payroll or self-employment taxes due on it.

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Little info for a potential investment. BBIG merger coming on Thursday. Could possibly run up to $8-$10

I'm personally gonna get in now and invest to see where it goes

Edit:
Slight correction, it's a merger agreement and valuation

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Is ENZC a Covid play? Still scrolling through the pages. I dont want to make the mistake buying something that it is not like MINE. Thought it was a mining company but then starting getting news about psychedelic mushrooms.
I YOLOd my rollover IRA on ALYI. EV motorcycles for Africa all the way

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With Delta making the rounds I think COVID-19 related securities are still a pretty good but however ENZC has a number of different technologies in testing that don't have anything to do with covid. This is very much a long term play. The worst case scenario (besides bankruptcy) is they get bought by some super medical giant and your 20,000 shares or whatever are now just 2 shares of some other company.


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DandyQuackShot posted...

Is ENZC a Covid play? Still scrolling through the pages. I dont want to make the mistake buying something that it is not like MINE. Thought it was a mining company but then starting getting news about psychedelic mushrooms.
I YOLOd my rollover IRA on ALYI. EV motorcycles for Africa all the way

ENZC is primarily an HIV play but they are currently testing COVID treatments (antibodies and now apparently a vaccine) and have ambitions to develop treatments for many other diseases (MS, rabies, influenza, HTLV, to name a few)


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Tyranthraxus posted...

The worst case scenario (besides bankruptcy) is they get bought by some super medical giant and your 20,000 shares or whatever are now just 2 shares of some other company.

IIRC the CEO has stated before they have no interest in being bought out, just in partnerships/collaborations

but with enough money who knows

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As long as my $3,000 investment is worth $30,000 by the end of this year, idgaf.

jeffhardyb0yz posted...

lmao WAIT TILL BIG MONEY COME CALLIN

right

if someone came up to them with like $20 billion itd be hard for them to say no

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NVIDIA 4-1 split announced.



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Oh cool maybe I can actually afford some shares now

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littlebro07 posted...

Oh cool maybe I can actually afford some shares now

You can afford them now. Fractional shares are supported just fine.

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So hold Nvidia?

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Lebronwon posted...

It is up 70% in the last 6 months though. That not a success in a stock over that period?

I've had it since 2013 and it went up 11%...
Slow and steady wins the race I guess, lol.

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jeffhardyb0yz posted...

Torch is officially PUMPED AND DUMPED

would've been fun while it lasted but i didn't get on at 3.30 /=

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Eh, I got on at $3. I'm gonna wait for the special dividend and the merger like a good bagholder.

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jeffhardyb0yz posted...

Torch is officially PUMPED AND DUMPED

Ayy lmao
https://gamefaqs.gamespot.com/boards/400-current-events/79506120/955267960

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tesla finally seems to be having a good day. i expect it to finish in the red, then.

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ENZC is up! In other words, prepare for heartbreak any moment now...

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I just gambled $360 on an IPO from a company I know nothing about because fuck DD ayy lmao YOLO

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I sold some of my TRCH shares to recoup my investment and take profit.

I used some of the profit to dip back into TRCH with the price drop.

Now I can either wait for a squeeze from now to the 30th or transition into the MMAT shares. lmfao...free money no matter what I do. lol let's go!

To be fair, it's only 20 shares. But I've retained my initial investment and I have nothing to lose at this point except for a tiny bit of profit.

And the HCMC rights offering concluded. I wound up with extra shares thanks to the price being lower than expected.

Overall having a good run lately. And still holding onto 3 AMC shares.

The future is bright. HODL!

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I got a random tip for GOED, but I literally had $4 of cash available, so I bought...one share.

Naturally, it's up 45% in one week...which translates to $1 of gains for me lmao.

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https://twitter.com/drgauravchandra/status/1407765687666360322?s=21

tl;dr - if you hate ENZC then you hate koalas and if you hate koalas then fuck you

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jeffhardyb0yz posted...

these guys will just say anything for PR at this point

koalas wtf

one of the viruses theyre working on is the one mentioned in that article. They brought it up a few months ago, I think during the conference call or in one of their AI PRs

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E_S_M_Z posted...

I got a random tip for GOED, but I literally had $4 of cash available, so I bought...one share.

Naturally, it's up 45% in one week...which translates to $1 of gains for me lmao.

I'm looking at it. But I'm not home to do proper dd on it. But social buzz is crazy bullish on it.

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