Current Events > Stock Market General #41.2

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lilORANG
12/01/21 3:20:57 PM
#253:


I started the day off pretty well and then everything tanked. What happened?
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theAteam
12/01/21 3:23:57 PM
#254:


lilORANG posted...
I started the day off pretty well and then everything tanked. What happened?

first omicron case confirmed in US + end of year tax harvesting + concerns about the reconciliation bill getting through the parliamentarian review + debt ceiling is coming back

+ just general shitty market sentiment for like the last 2 weeks

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Buffalo Bills Season Prediction: 13-4
Season: 7-4 Week 13: vs NE (MNF)
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theAteam
12/01/21 4:06:07 PM
#255:


So in Feb I made a bunch off AMC and GME and was looking at ~$8,000 in realized gains. Should have stopped right there and gotten out of the market. As of right now I'm looking at ~$2,000 in unrealized losses. So if I don't sell I'll be paying taxes on those gains (that are now gone) plus bagholding.

Sometimes my genius amazes even me.

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Buffalo Bills Season Prediction: 13-4
Season: 7-4 Week 13: vs NE (MNF)
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PatrickMahomes
12/01/21 4:13:23 PM
#256:


theAteam posted...
So in Feb I made a bunch off AMC and GME and was looking at ~$8,000 in realized gains. Should have stopped right there and gotten out of the market. As of right now I'm looking at ~$2,000 in unrealized losses. So if I don't sell I'll be paying taxes on those gains (that are now gone) plus bagholding.

Sometimes my genius amazes even me.
you might enjoy blackjack

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AngelsNAirwav3s
12/01/21 4:14:37 PM
#257:


DWAC and PHUN making some moves right at the bell, looks like they are selling stock to hedge funds at about 2x the current stock price. Might see another crazy jump tomorrow.

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Trumpo
12/01/21 4:15:14 PM
#258:


There's no unrealized gains tax
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AlCalavicci
12/01/21 4:16:21 PM
#259:


theAteam posted...
So in Feb I made a bunch off AMC and GME and was looking at ~$8,000 in realized gains. Should have stopped right there and gotten out of the market. As of right now I'm looking at ~$2,000 in unrealized losses. So if I don't sell I'll be paying taxes on those gains (that are now gone) plus bagholding.

Sometimes my genius amazes even me.

Are you going to have to pay taxes because you sold the stock? Or are you going to have to pay taxes because you held on and never sold anything and the stock was high and then went low?

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theAteam
12/01/21 4:18:51 PM
#260:


AlCalavicci posted...
Are you going to have to pay taxes because you sold the stock? Or are you going to have to pay taxes because you held on and never sold anything and the stock was high and then went low?

I sold the AMC and GME and realized the gains. Then got into other positions that went tits up which I am still holding. So I have to pay taxes on those gains, while at the same time managed to lose all of those realized gains (unless I get a miracle and the tits up positions come back before the end of this month).

I have the money to pay the taxes so that's not an issue, but I do have the option of selling my current (tits up) positions (to realize the losses) to turn my $8k tax bill into a $2k tax deduction.

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Buffalo Bills Season Prediction: 13-4
Season: 7-4 Week 13: vs NE (MNF)
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Legato-and-Vash
12/01/21 4:25:25 PM
#261:


theAteam posted...
So in Feb I made a bunch off AMC and GME and was looking at ~$8,000 in realized gains. Should have stopped right there and gotten out of the market. As of right now I'm looking at ~$2,000 in unrealized losses. So if I don't sell I'll be paying taxes on those gains (that are now gone) plus bagholding.

Sometimes my genius amazes even me.
Damn that's very unfortunate.

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Simp
12/01/21 4:57:04 PM
#262:


damn, back into a negative net after 4 1/2 months of investing
smh, don't they know I like number going up?

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Trumpo
12/01/21 5:00:30 PM
#263:


At least I am still up with crypto
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Alexanaxela
12/01/21 5:06:51 PM
#264:


it's all on fire
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#265
Post #265 was unavailable or deleted.
berlyman101
12/01/21 5:12:36 PM
#266:


I got out a couple weeks ago except for a few grand I have in Fisker. So don't worry, it'll go back up to spite me.

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StarsOfCCTV
12/01/21 5:14:29 PM
#267:


Woah, just checked and its carnage.

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"What is any ocean but a multitude of droplets"
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#268
Post #268 was unavailable or deleted.
Tyranthraxus
12/01/21 7:21:53 PM
#269:


Stay green Pfizer. Stay green.

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It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
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1337toothbrush
12/01/21 8:16:29 PM
#270:


jeffhardyb0yz posted...
Im wishing I could jump into these downed prices but I got no funds
Doesn't matter, buy the dip.

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StarsOfCCTV
12/02/21 4:30:13 AM
#271:


What's a good ETF to buy right now to get exposure to the tanking stocks?

Preferably one based in Europe. I'm unable to buy US ETFs.

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"What is any ocean but a multitude of droplets"
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Dat_Cracka_Jax
12/02/21 10:12:07 AM
#272:


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AlCalavicci
12/02/21 10:58:04 AM
#273:


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fan357
12/02/21 11:03:43 AM
#274:


Man Im getting slaughtered.

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Never forget where you came from.
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Dat_Cracka_Jax
12/02/21 11:04:00 AM
#275:


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C6Driver
12/02/21 11:36:39 AM
#276:


Have been buying more ENZC the past few wks. Almost up to 30k shares. Only cost me just under 7 grand.
As some of you may know, I have been avg. down since I bought too many in Feb. @ .34 & .50. I could afford it because I was buying after selling GME.
Too bad I sold a few days earlier when it briefly peaked at what was then an ath @72.00 something, instead of waiting the following week when it mooned over $400. But NO WAY did I see that coming. No sir, no ma'am. No way.


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''The future's uncertain and the end is always near.'' Jim Morrison
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AngelsNAirwav3s
12/02/21 12:00:07 PM
#277:


Dat_Cracka_Jax posted...
Bought some CIVI

Nice man. They are pretty undervalued (especially the last couple days), and will be paying a $1.50 or $1.75 I think share dividend in a couple weeks. They should be paying a similar $$ dividend every quarter in 2022.

I got in at $25 like 7 months ago, my only big win this year lol

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Dat_Cracka_Jax
12/02/21 12:23:45 PM
#278:


AngelsNAirwav3s posted...
Nice man. They are pretty undervalued (especially the last couple days), and will be paying a $1.50 or $1.75 I think share dividend in a couple weeks. They should be paying a similar $$ dividend every quarter in 2022.

I got in at $25 like 7 months ago, my only big win this year lol
I made a note of it when I saw you posting about it maybe a month ago. Once I saw it was under $50, I decided now was a good time to buy. Only snagged 20 shares but it's something

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doomcrusader
12/02/21 2:33:06 PM
#279:


C6Driver posted...
Have been buying more ENZC the past few wks. Almost up to 30k shares. Only cost me just under 7 grand.
As some of you may know, I have been avg. down since I bought too many in Feb. @ .34 & .50. I could afford it because I was buying after selling GME.
Too bad I sold a few days earlier when it briefly peaked at what was then an ath @72.00 something, instead of waiting the following week when it mooned over $400. But NO WAY did I see that coming. No sir, no ma'am. No way.

Nice. $5 eoy

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TheChariot
12/02/21 2:36:40 PM
#280:


doomcrusader posted...
Nice. $5 eoy
Which year? 2030?

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#281
Post #281 was unavailable or deleted.
littlebro07
12/02/21 4:06:13 PM
#282:


Fuck being stupidly rich, I'm out at $1.50

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berlyman101
12/02/21 4:21:34 PM
#283:


what if it just... ya know... doesn't?

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Simp
12/02/21 4:41:59 PM
#284:


weird, I've used the same password for 4 1/2 months on Fidelity and it randomly wouldn't accept it today
got it locked after 4 fails and reset it
I hope I don't lose all my money

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Bestoffuture
12/02/21 4:51:29 PM
#285:


Decent recovery day for me, which probably means another huge dip tomorrow

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Clap for that, you stupid bastards.
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CableZL
12/02/21 7:39:46 PM
#286:


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Dat_Cracka_Jax
12/02/21 9:09:09 PM
#287:


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littlebro07
12/02/21 9:30:44 PM
#288:


berlyman101 posted...
what if it just... ya know... doesn't?

just believe, damn it

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CableZL
12/02/21 10:47:44 PM
#289:


Dat_Cracka_Jax posted...
Was that your old company?
Yeah, a couple jobs ago

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CE_gonna_CE
12/03/21 9:14:23 AM
#290:


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CableZL
12/03/21 9:16:57 AM
#291:


CE_gonna_CE posted...
Holy crap
You must have left those documents pending for too long

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CE_gonna_CE
12/03/21 9:33:34 AM
#292:


CableZL posted...
You must have left those documents pending for too long
Lol. This hit me for about $900, but Im surprisingly still green right now. Which means everything else is doing fine. Which can only mean its all going to crash to hell through the day with how things have been lately.

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1337toothbrush
12/03/21 9:49:37 AM
#293:


Any holders of docusign docushitting their pants? Oh, you were holding it.

Well it'll probably go back up, unlike this Corsair dogshit I continue to hold for whatever dumb reason.

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littlebro07
12/03/21 9:53:12 AM
#294:


lol what the hell happened to make DocuSign crash like that

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Tyranthraxus
12/03/21 10:01:55 AM
#295:


*pukes everywhere*

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It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
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1337toothbrush
12/03/21 10:02:26 AM
#296:


littlebro07 posted...
lol what the hell happened to make DocuSign crash like that
They gave weak guidance. Funny thing is that Corsair did the same and I got ultra fucked in the ass thanks to that. I hate when they do that shit. Let me trade on the potential run-up to earnings. It's not like it softens the blow, in fact it seems like the blow is even harder as the earnings day makes it fall even more after the hard blow as if they weren't expecting a shitty earnings report.

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lilORANG
12/03/21 10:03:54 AM
#297:


The government is funded! Why y'all crashing?
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CE_gonna_CE
12/03/21 10:12:53 AM
#298:


CE_gonna_CE posted...
Lol. This hit me for about $900, but Im surprisingly still green right now. Which means everything else is doing fine. Which can only mean its all going to crash to hell through the day with how things have been lately.
Down we go!

1337toothbrush posted...
Any holders of docusign docushitting their pants? Oh, you were holding it.

Well it'll probably go back up, unlike this Corsair dogshit I continue to hold for whatever dumb reason.

I got in ~$50, so overall Im still quite a bit up in spite of whats happening today.

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#299
Post #299 was unavailable or deleted.
Alexanaxela
12/03/21 10:50:46 AM
#300:


dear god make it stop
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Tomorrow will be the most beautiful day of Raymond K. Hessel's life. His breakfast will taste better than any meal you and I have ever tasted.
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1337toothbrush
12/03/21 10:51:51 AM
#301:


CE_gonna_CE posted...
I got in ~$50, so overall Im still quite a bit up in spite of whats happening today.
Nice! I don't have enough patience to hold my winners for that long. Well, thanks to your post, I've sold a bunch of DOCU puts expiring today for a quick gain (hopefully).

[LFAQs-redacted-quote]

So do they have insider info or what?

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fan357
12/03/21 10:52:01 AM
#302:


Meh. The more it goes down the better it will feel when we get our gains back.

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