Current Events > Stock Market General #19

Topic List
Page List: 1 ... 6, 7, 8, 9, 10
emblem boy
02/10/21 6:29:11 PM
#453:


BignutzisBack posted...
Let's say I make a good gain on a stock and sell it, I then use the gains to invest in something that bombs, this happens to me a bunch over the course of a year. Is that a situation where I would get absolutely destroyed by capital gains taxes with no reserves to pay?


You're taxed on your total gains for the year. So if you gain 10k, but then lose 9k, you're only taxed on 1k
---
Pitter-patter, let's get at 'er
... Copied to Clipboard!
JScriv
02/10/21 6:31:50 PM
#454:


emblem boy posted...
You're taxed on your total gains for the year. So if you gain 10k, but then lose 9k, you're only taxed on 1k
Wouldnt that be the net gain lol not total gains.

---
Stretch the bones over my skin, stretch the skin over my head
I'm going to the holy land
... Copied to Clipboard!
NeonOctopus
02/10/21 6:36:01 PM
#455:


I've been trying to save up for a down payment on a house. Any gains from stocks would really help >_>

---
... Copied to Clipboard!
lilORANG
02/10/21 6:37:29 PM
#456:


I was so close yesterday to pulling the trigger on a bunch of SNDL but decided to go with CRON last second. Ugh. Oh well, steady gains are fine too.
---
... Copied to Clipboard!
emblem boy
02/10/21 6:37:56 PM
#457:


JScriv posted...
emblem boy posted...
You're taxed on your total gains for the year. So if you gain 10k, but then lose 9k, you're only taxed on 1k
Wouldnt that be the net gain lol not total gains.


Lol ya, net
---
Pitter-patter, let's get at 'er
... Copied to Clipboard!
#458
Post #458 was unavailable or deleted.
Conker
02/10/21 6:42:04 PM
#459:


heatmon930 posted...
Let us know the next time you have a hunch and decide sell it :)

I did this in the Stock Market General #2 and 3 a couple weeks ago end of January.

I said Id be selling (and have since sold):

FCEL(20 shares @ $20)
GNUS (300 shares @ $1.83 it went to $3 a couple days later)
FSKR (100 shares @ $15)
SNDL (100 shares @ $1.25)

Fisker topped out at $16.63 but did go back down. Never took off thankfully (probably within a week itll be $20+).

FCEL, SNDL, and GNUS had you bought youd have doubled your money from the day I posted in that topic about it.

---
If you don't want to argue about something, take the initiative and stfu.
Lets Go: Lions, Red Wings, Tigers, Pistons!
... Copied to Clipboard!
#460
Post #460 was unavailable or deleted.
AtelierRyza3462
02/10/21 6:44:14 PM
#461:


Goddamn SNDL lol, had many shares a few weeks ago
... Copied to Clipboard!
Tyranthraxus
02/10/21 6:44:22 PM
#462:


Future_Trunks posted...
Uhh no your losses would reduce your gains
It's unfortunately not considered a loss unless you sell.

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://imgur.com/dQgC4kv
... Copied to Clipboard!
#463
Post #463 was unavailable or deleted.
Tactical_Spork
02/10/21 6:52:12 PM
#464:


NeonOctopus posted...
I've been trying to save up for a down payment on a house. Any gains from stocks would really help >_>
I really want to buy a house some day, and while I dont expect this to be a free ticket to that I hope it can help me along the way there if I can manage to actual get some real money to invest.

Starting small compared to some ITT but I know the homie @Thighon said they started small and just had to build from there.

---
... Copied to Clipboard!
Sexypwnstar
02/10/21 6:58:12 PM
#465:


Who was that person who said BNGO was going to be good?

---
... Copied to Clipboard!
AtelierRyza3462
02/10/21 7:00:08 PM
#466:


BNGO is still good
... Copied to Clipboard!
Lebronwon
02/10/21 7:04:32 PM
#467:


Sexypwnstar posted...
Who was that person who said BNGO was going to be good?


What news or catalyst does BNGO have coming up? If there is no news and isnt getting pumped stocks like that trade sideways for however long it is until there is news.

---
Not 1, not 2, not 3, not 4, not 5, not 6, not 7
... Copied to Clipboard!
AngelsNAirwav3s
02/10/21 7:05:41 PM
#468:


Is Biden planning on an executive order to legalize weed or something? I just bought SNDL without doing any DD lol, why are weed stocks the new meme stock on Wall Street Bets?

---
Hello world!
... Copied to Clipboard!
Sexypwnstar
02/10/21 7:08:25 PM
#469:


AngelsNAirwav3s posted...
Is Biden planning on an executive order to legalize weed or something? I just bought SNDL without doing any DD lol, why are weed stocks the new meme stock on Wall Street Bets?

They need weed for all the GME bags they're holding

---
... Copied to Clipboard!
NeonOctopus
02/10/21 7:10:31 PM
#470:


I keep hearing about that mythical website >_>

---
... Copied to Clipboard!
Conker
02/10/21 7:11:17 PM
#471:


I should use these topics to just post everytime I sell and then we could revisit it and laugh (exfept they dont get archived).

Heres some others for your entertainment (when bought and price, rough estimates not looking up every one):

Lower cost ones I usually buy 100 shares in.

MU - 2016 @ $11 sold $16 Aug 2016 (would be rich)
Netflix - 2016 @ $78 sold $150 in 2017 (FML)
AMD - 2016 @ $6 sold $11 shortly after (this one hurts)
Apple - 2016 (only bought 20 shares) $106 sold at $150 or so in 2017 (not that bad)
Nvidia - 2017 @ $210 sold $225. Also bought again in 2019 for like $210 again (ouch)
Tesla - Feb 2019 20 shares @ 248 sold $250 Sept $2019 (literally run me over with a truck cuz I sold a week before Id have made bank)
Sunoco - April 2020 @ $14 sold at $16. Also had some from 2018 I had bought at like $23 and sold at $26 so that wasnt terrible.
ACB - 2020 $8 sold at $11 (legit a few weeks ago!)
GSAT - 2020 bought @ $.33 sold at $.36 after holding a few months and sold in December...it literally jumped in the past month I mean JFC!!!
SNSS - 300 shares 2020 @ $1.30 sold at $2 (meh, not too bad)
ZNGA - 2018 $3.50 sold in mid-2019 around $6 (eh)
AMC - Dec 2020 @ $2 sold calls $5 (this hurts)
GME - March 2020 @ $2.5 sold $4

Also had maybe 10-20 shares of these over the last couple years:
Disney - $90 sold at $110 (ouch)
Kohls - $15 sold at $25
Adidas - $105 sold at $125 (not bad)
Pepsi - $100 sold at $110 (not terrible either)
Ford - $3 sold at $4 (ouch)
Activision - March 2019 sold April 19 (would have to lookup values)
Take Two - March 2019 sold April 19 (would have to look up values)

I have probably a dozen more of these that I just cant recall exactly but numerous others with similar timing that I held for months and they didnt move til right after I sold.

---
If you don't want to argue about something, take the initiative and stfu.
Lets Go: Lions, Red Wings, Tigers, Pistons!
... Copied to Clipboard!
NeonOctopus
02/10/21 7:12:06 PM
#472:


Conker posted...
GME - March 2020 @ $2.5 sold $4
lol

---
... Copied to Clipboard!
Conker
02/10/21 7:20:16 PM
#473:


NeonOctopus posted...
lol

Yeah, but who would have known...right!? At least it wasnt like a week later like AMC.

Btw, look up GSAT and then we can truly laugh (and cry). I bought that shit mid last year and sold in December for pennies difference.

---
If you don't want to argue about something, take the initiative and stfu.
Lets Go: Lions, Red Wings, Tigers, Pistons!
... Copied to Clipboard!
NeonOctopus
02/10/21 7:21:08 PM
#474:


No one could've predicted that nonsense lol.

---
... Copied to Clipboard!
#475
Post #475 was unavailable or deleted.
BignutzisBack
02/10/21 7:28:21 PM
#476:


If I sell a stock can I use those funds rights away to buy another even if it's OTC?

---
... Copied to Clipboard!
Lebronwon
02/10/21 7:29:06 PM
#477:


AngelsNAirwav3s posted...
Is Biden planning on an executive order to legalize weed or something? I just bought SNDL without doing any DD lol, why are weed stocks the new meme stock on Wall Street Bets?

People made posts on WSB that weed stocks made them rich. So now they all jumping in thinking they will get rich too. It unfortunately gonna lead to another bubble.

---
Not 1, not 2, not 3, not 4, not 5, not 6, not 7
... Copied to Clipboard!
NeonOctopus
02/10/21 7:29:39 PM
#478:


I'll make the next one >____>

---
... Copied to Clipboard!
Conker
02/10/21 7:32:01 PM
#479:


@Future_Trunks I mean, theres lots I like but right now its all pretty expensive and wouldnt advise you to buy right now.

I think earlier ITT I had said I like QS and FCEL. GM should be good but again, its way up right now.

IMAX is about the only one Id buy at current prices.

I like Fisker but I sold mine recently, might get back in but not til after I figure out what Im doing with my extra funds in AMC.

ACB but I sold all my shares on Jan 15th for $11 and its now $20. So probably wouldnt rec that at its current price either but I still like it long-term.


---
If you don't want to argue about something, take the initiative and stfu.
Lets Go: Lions, Red Wings, Tigers, Pistons!
... Copied to Clipboard!
NeonOctopus
02/10/21 7:32:07 PM
#480:


BignutzisBack posted...
If I sell a stock can I use those funds rights away to buy another even if it's OTC?
I want to know this too. OTC are kinda fickle with what settled cash they accept

---
... Copied to Clipboard!
Lebronwon
02/10/21 7:34:31 PM
#481:


Conker posted...
I should use these topics to just post everytime I sell and then we could revisit it and laugh (exfept they dont get archived).

Heres some others for your entertainment (when bought and price, rough estimates not looking up every one):

Its probably a part of the game. I had this happen to me too. In January I panic sold CLXT at $4.75 and now that is over $11. I had 1000 shares of XELA at 65 cents sold at 96 cents the next day. XELA is now trading around $2.90

---
Not 1, not 2, not 3, not 4, not 5, not 6, not 7
... Copied to Clipboard!
#482
Post #482 was unavailable or deleted.
Conker
02/10/21 7:39:11 PM
#483:


Lebronwon posted...
Its probably a part of the game. I had this happen to me too. In January I panic sold CLXT at $4.75 and now that is over $11. I had 1000 shares of XELA at 65 cents sold at 96 cents the next day. XELA is now trading around $2.90

Oh I know, just the amount of it all is a lot. Its not like Oh I sold that months or years ago. Most of them are days or weeks after I sold after not moving for months or years.

---
If you don't want to argue about something, take the initiative and stfu.
Lets Go: Lions, Red Wings, Tigers, Pistons!
... Copied to Clipboard!
Lebronwon
02/10/21 7:42:17 PM
#484:


DarkProto05 posted...
What is the specific link on reddit where we can find out the tickers being pumped next?

Just lurk WSB

https://www.reddit.com/r/wallstreetbets/comments/lgupsw/yesterdays_discussion_gme_nearly_dethroned_by/

---
Not 1, not 2, not 3, not 4, not 5, not 6, not 7
... Copied to Clipboard!
NeonOctopus
02/10/21 7:46:56 PM
#485:


... Copied to Clipboard!
Conker
02/10/21 7:56:25 PM
#486:


Future_Trunks posted...
my bad yea you already said those, i forgot. i might do IMAX but i need to look into it ab it more. don't they just sell the imax technology? how will they grow from this? theaters aren't exactly wanting to spend on stuff to improve the theater experience, they're gonna wanna cut as many costs as possible.

it's not like theaters or theme parks are revenue has become non-existent... imax probably has contracts in place to lease or service the tech for theaters so i'm not sure how they wil benefit in a post covid world unless more theaters are gonna be popping up.

@Conker

Well, they are the one aspect of theaters that has stayed a bit exclusive. For example, some movies are getting exclusive IMAX theater releases vs theaters simultaneously with On Demand. Of course they have the equipment aspect for it too. So IMAX is seen as an experience but also a way to shoot moreso than just a movie to go see or watch, which will help with the I can just watch it at home aspect of people not wanting to go pay for a ticket. The upcharge to go see IMAX sounds more appealing now because its getting out and doing something different that a lot of people dont regularly do or havent been able to.

Lets say the big theater chains closed a bunch of locations, IMAX doesnt have a ton of locations. So those those locations are more likely to stay open when the investment for the tech is already there and can get higher prices in tickets (plus more of a destination for that experience I was talking about).

Thats my thoughts at least. The difference between IMAX and a regular movie is kind of like the difference between going to a local bar with live music and if a well known band is playing there. One, you do regularly to kill time, the other you specifically go out to because you saw a sign saying X band is playing.

---
If you don't want to argue about something, take the initiative and stfu.
Lets Go: Lions, Red Wings, Tigers, Pistons!
... Copied to Clipboard!
Xdragon2002
02/10/21 7:59:05 PM
#487:


Ok so if I got 500$ from my dad to invest into stocks what specific stocks would be really good investments for?

---
read the god of highschool. Watch one piece
Goku is my favorite DB character / Hit is the best to come from super. Fu is my favorite to come out of heroes
... Copied to Clipboard!
#488
Post #488 was unavailable or deleted.
Lebronwon
02/10/21 8:01:24 PM
#489:


Conker posted...
Oh I know, just the amount of it all is a lot. Its not like Oh I sold that months or years ago. Most of them are days or weeks after I sold after not moving for months or years.

I like to think of this stock stuff as a party. When one ends there is another one around the corner. So there isn't much regret if I left the other party early. If this WSB makes weed stocks their next target we have another party. Just have to know when to leave early.

---
Not 1, not 2, not 3, not 4, not 5, not 6, not 7
... Copied to Clipboard!
lww99
02/10/21 8:08:31 PM
#490:


... Copied to Clipboard!
NeonOctopus
02/10/21 8:10:43 PM
#491:


I love fucking

---
... Copied to Clipboard!
NeonOctopus
02/10/21 8:10:49 PM
#492:


as much as trucking

---
... Copied to Clipboard!
littlebro07
02/10/21 8:11:25 PM
#493:


Foreplay then intercourse

---
... Copied to Clipboard!
lww99
02/10/21 8:13:07 PM
#494:


... Copied to Clipboard!
#495
Post #495 was unavailable or deleted.
#496
Post #496 was unavailable or deleted.
littlebro07
02/10/21 8:13:39 PM
#497:


Ive got a boner for murder

---
... Copied to Clipboard!
littlebro07
02/10/21 8:13:56 PM
#498:


... Copied to Clipboard!
TheGoldenEel
02/10/21 8:14:24 PM
#499:


Ass > boobs

---
The words of The Golden Eel have been revealed...
Games: http://backloggery.com/wrldindstries302 \\ Music: http://www.last.fm/user/DrMorberg/
... Copied to Clipboard!
lww99
02/10/21 8:14:32 PM
#500:


... Copied to Clipboard!
Topic List
Page List: 1 ... 6, 7, 8, 9, 10