Current Events > Stock Market General #35

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whitelytning
06/04/21 6:46:01 AM
#101:


Pau_Gasol_Trade posted...
I got 90 day free riding violation. What does that mean?

https://www.investor.gov/introduction-investing/investing-basics/glossary/freeriding

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ALIEN_WORK2HOP
06/04/21 6:48:26 AM
#102:


just stuck 1k into Porsche SE

a German holding that own over 50% of the VW shares among others.

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Makeveli_lives
06/04/21 9:07:44 AM
#103:


Lebronwon posted...
I guess that is the case to the point where people are afraid to say anything negative about the stock. A new article came out AMC CEO wants to issue 25 million more shares.

https://www.cnbc.com/2021/06/03/amc-ceo-adam-aron-urges-support-for-plan-to-issue-25-million-shares.html

So Imma stop caring about that stock. Will follow the lead of the CNBC analysts wont say the negative aspect of what a company wanting to issuing 25 million more shares after just doing 8.5 million earlier in the day.
That extra 25 million won't go into effect until next year even if it does pass.

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doomcrusader
06/04/21 9:13:08 AM
#104:


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Lebronwon
06/04/21 9:17:37 AM
#105:


Makeveli_lives posted...
That extra 25 million won't go into effect until next year even if it does pass.

I'm not really thinking about that stock or what happens with them anymore. I YOLO'd cash into V and DIS instead. Feel if those two were to drop 50% let alone go to zero i'd have other stuff to worry about with the world. I like their future potential.

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SerenitySays
06/04/21 9:35:26 AM
#106:


tag
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emblem boy
06/04/21 10:12:14 AM
#107:


On a plane for a few hours. This is gonna be a difficult plane ride. I land happy or sad
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Pitter-patter, let's get at 'er
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doomcrusader
06/04/21 10:13:01 AM
#108:


Should have bought more ENZC.

When are the trial results released?

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littlebro07
06/04/21 10:13:28 AM
#109:


ENZC back up to .20

.25 by EOD plz

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littlebro07
06/04/21 10:16:31 AM
#110:


doomcrusader posted...
Should have bought more ENZC.

When are the trial results released?

in their milestone PR back in mid April they mentioned testing something at University of Montana with an expected time to completion of one month - its now a couple weeks past that so its unclear if its been delayed or if theyre just waiting to announce it with some other news. Thinking its done but on the back burner right now with all the Intel AI stuff going on. Dont want to distract from one achievement with another I guess

Animal trials werent supposed to start for a few months but COO said last week theyre starting this month with potential FDA expediting...so maybe we hear something in a month or two? Idk how long animal trials last.

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Makeveli_lives
06/04/21 10:28:51 AM
#112:


Amc bouncing up and down this morning. Hold.

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#113
Post #113 was unavailable or deleted.
littlebro07
06/04/21 10:31:07 AM
#114:


God damn .22 already

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C6Driver
06/04/21 10:37:27 AM
#115:




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''The future's uncertain and the end is always near.'' Jim Morrison
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indica
06/04/21 11:06:46 AM
#116:


littlebro07 posted...
ENZC back up to .20

.25 by EOD plz
That'll almost have me break even. lol

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Tyranthraxus
06/04/21 11:12:50 AM
#117:


AMC having a wild one



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Lebronwon
06/04/21 11:16:54 AM
#118:


Tyranthraxus posted...
AMC having a wild one


I guess I should have YOLOd into the memes again since long term investing isn't being rewarded as much as this meme stuff with how DIS and V are doing today compared to AMC.

Guess the only positive is the media isn't actively trying to go after my stocks like what is happening to AMC

https://www.cnbc.com/2021/06/04/amc-worth-about-half-of-its-skyrocketing-price-says-investor-trey-collins.html

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Thaumaturge
06/04/21 12:42:52 PM
#119:


doomcrusader posted...
Buy high, sell low.

You buy high and sell low! I bought ENZC at .17 and it went up to .22!
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Dat_Cracka_Jax
06/04/21 12:46:32 PM
#120:


I set my buy too low on Monday for enzc on tda. I did get more on my ira though.

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WingsOfGood
06/04/21 2:33:11 PM
#121:


I got a simple question.

Fidelity considers buying a stock and then selling it multiple times as a trading violation.

But what if you buy multiple of the stock and don't sell? Not flagged right?

ex:
  1. sell amc
  2. buy amc
  3. buy more amc
  4. buy more amc
??

From what I read this seems to be the case but there is so many rules I just want to confirm with other people. Please don't laugh at my ignorance.

@Tyranthraxus
would you happen to know?
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Trumpo
06/04/21 2:38:42 PM
#122:


I got dinged for a wash because I sold my GME at a loss before 30 days, I don't remember if the funds were settled.
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WingsOfGood
06/04/21 2:39:41 PM
#123:


Trumpo posted...
I got dinged for a wash because I sold my GME at a loss before 30 days, I don't remember if the funds were settled.

yea I googled and just learn about wash rule.
It only applies if sold at a loss. I sold for a profit so it won't be a wash.

Anyways, your post seems to be incorrect. You got dinged because you sold at a loss and BOUGHT more before 60 days.

In any case, that just means you cannot get a tax break on your loss. Not really a restriction.

Unless you meant something else?
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Tyranthraxus
06/04/21 2:42:48 PM
#124:


WingsOfGood posted...
But what if you buy multiple of the stock and don't sell? Not flagged right?

ex:
sell amc
buy amc
buy more amc
buy more amc
??

This will flag you.

But you can buy as much as you want in a single day. The thing that flags you is the change of direction. Sell as many times as you want or buy as much as you want, but don't do both.

Note you can avoid being flagged by having $20,000 in cash or limiting the number of times a week that you do this to 3.

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WingsOfGood
06/04/21 2:44:21 PM
#125:


Tyranthraxus posted...
This will flag you.

But you can buy as much as you want in a single day. The thing that flags you is the change of direction. Sell as many times as you want or buy as much as you want, but don't do both.

Note you can avoid being flagged by having $20,000 in cash or limiting the number of times a week that you do this to 3.

ok maybe I should clarify.
I bought one yesterday and bought another this morning.
I may buy another today.
That will flag me?

I do not intend to sell in the next 5 days.
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WingsOfGood
06/04/21 2:46:48 PM
#126:


Actually re-reading it seems you might be saying this is fine.

to recap let me put it like this:

wed - sell amc bought months ago
thur - buy 1 amc
friday - buy 1 amc
friday - buy another amc
monday - buy another amc

Direction only changed once.
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Tyranthraxus
06/04/21 2:55:39 PM
#127:


WingsOfGood posted...
Actually re-reading it seems you might be saying this is fine.

to recap let me put it like this:

wed - sell amc bought months ago
thur - buy 1 amc
friday - buy 1 amc
friday - buy another amc
monday - buy another amc

Direction only changed once.
That's fine but actually direction didn't change at all. If one of your Friday transactions was a sale that would be a direction change.

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Tyranthraxus
06/04/21 2:56:27 PM
#128:


WingsOfGood posted...
ok maybe I should clarify.
I bought one yesterday and bought another this morning.
I may buy another today.
That will flag me?

I do not intend to sell in the next 5 days.
This will not flag you.

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RchHomieQuanChi
06/04/21 3:01:22 PM
#129:


Got $100 sitting my account now....debating on buying more ENZC

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WingsOfGood
06/04/21 3:04:27 PM
#130:


Thanks!

I cashed out 5 at $65 and now got 3.

If they go to zero I still have netted a profit even after tax I believe. Not a ton but at least it is not a loss.
But if it goes to the moon I have some coverage.
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vbty3
06/04/21 3:07:32 PM
#131:


RchHomieQuanChi posted...
Got $100 sitting my account now....debating on buying more ENZC
ATOS

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WingsOfGood
06/04/21 3:09:38 PM
#132:


RchHomieQuanChi posted...
Got $100 sitting my account now....debating on buying more ENZC

I personally think it will dip again

news hit, people got excited, it went up

after a week or two of no more news and it not really going up, people gonna take profit

then it dips

not financial advice I am obviously no expert
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littlebro07
06/04/21 3:09:43 PM
#133:


RchHomieQuanChi posted...
Got $100 sitting my account now....debating on buying more ENZC

dewit

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Lebronwon
06/04/21 3:16:04 PM
#134:


WingsOfGood posted...
Actually re-reading it seems you might be saying this is fine.

to recap let me put it like this:

wed - sell amc bought months ago
thur - buy 1 amc
friday - buy 1 amc
friday - buy another amc
monday - buy another amc

Direction only changed once.

If you have a cash account you can buy and sell a stock as many times with settled funds as you want. PDT rule is only for margin accounts. So if you have cash account nothing to worry about.

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Kenzikan
06/04/21 3:16:47 PM
#135:


WingsOfGood posted...
I got a simple question.

Fidelity considers buying a stock and then selling it multiple times as a trading violation.

But what if you buy multiple of the stock and don't sell? Not flagged right?

ex:
1. sell amc
2. buy amc
3. buy more amc
4. buy more amc
??

From what I read this seems to be the case but there is so many rules I just want to confirm with other people. Please don't laugh at my ignorance.


Which violation are you worried about? The free riding restriction or pattern day trader? Your example above would only trigger the free ride restriction, but that would be the case only if you're trading with a cash/ira account.

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WingsOfGood
06/04/21 3:21:02 PM
#136:


Kenzikan posted...
pattern day trader

It isn't free ride because I have cash in the account not from a stock sale and the sale already settled anyways.
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Kenzikan
06/04/21 3:25:17 PM
#137:


WingsOfGood posted...
It isn't free ride because I have cash in the account not from a stock sale and the sale already settled anyways.

In your example, you bought and sold on different days so pattern day trading is not a concern. You have nothing to worry about then.

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WingsOfGood
06/04/21 3:31:43 PM
#138:


Kenzikan posted...
In your example, you bought and sold on different days so pattern day trading is not a concern. You have nothing to worry about then.

Oh it only activates if done on the same day?
I thought it was just you cannot change direction more than 3 times during a 5 business day period?
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LastTomorrow
06/04/21 3:31:43 PM
#139:


Should I get Atos? What else?

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Kenzikan
06/04/21 3:40:26 PM
#140:


WingsOfGood posted...
Oh it only activates if done on the same day?
I thought it was just you cannot change direction more than 3 times during a 5 business day period?

Yeah, PDT only triggers when buying and selling the same security on the same day. There is no restriction on changing directions.

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Tyranthraxus
06/04/21 3:43:19 PM
#141:


WingsOfGood posted...
Oh it only activates if done on the same day?
I thought it was just you cannot change direction more than 3 times during a 5 business day period?
The 3 times thing is a single day. If you change direction in a single day more than 3 times in a 5 trading day week you will get flagged as PDT.

Buy one, sell something different, buy a third 8 times all in one day, it's all okay.

Only buying and selling (in any order) the same security in the same day trips the flag and you're allowed to do it 3 times anyway.


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WingsOfGood
06/04/21 3:45:18 PM
#142:


Tyranthraxus posted...
The 3 times thing is a single day. If you change direction in a single day more than 3 times in a 5 trading day week you will get flagged as PDT.

Buy one, sell something different, buy a third 8 times all in one day, it's all okay.

Only buying and selling (in any order) the same security in the same day trips the flag and you're allowed to do it 3 times anyway.

Oh nice. Thanks. So I can sell Monday if I want and it is like $200 a share ;)
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Tyranthraxus
06/04/21 3:47:11 PM
#143:


WingsOfGood posted...
Oh nice. Thanks. So I can sell Monday if I want and it is like $200 a share ;)
Yep.

You can even buy back in on Monday after it drops to $2 a share once you've got your $200 a share profit. You just cannot do this more than 3x a week unless you have $20,000 cash in your account.

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littlebro07
06/04/21 4:02:48 PM
#144:


Fuck yeah ENZC

back to where it was before the April conference tanked it.

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Tyranthraxus
06/04/21 4:04:26 PM
#145:


I'm losing a bit on HITID I figured it was gonna go up for sure but it's basically done nothing except go down a cent at a time

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TheGoldenEel
06/04/21 4:17:29 PM
#146:


littlebro07 posted...
Fuck yeah ENZC

back to where it was before the April conference tanked it.
fuck yeah Im only down $1000 now

just three more cents

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littlebro07
06/04/21 4:30:53 PM
#147:


TheGoldenEel posted...
fuck yeah Im only down $1000 now

just three more cents

gonna sell to break even or HODL?

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TheGoldenEel
06/04/21 4:32:12 PM
#148:


littlebro07 posted...
gonna sell to break even or HODL?
I was holding when it hit 90 cents so I gotta chase that paper imo

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Thaumaturge
06/04/21 5:48:09 PM
#149:


ENZC is like my favorite child. The opposite of MNMD, which I'm putting up for adoption.
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Trumpo
06/04/21 6:25:02 PM
#150:


ENZC bagholders unite
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Trumpo
06/04/21 6:36:49 PM
#151:


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