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I'll just leave this here... (still holding!) Bought another 2800 shares of Surgalign Holdings (SRGA) @ .33
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Mar 31, 2022 20:16
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drat SPY wtf.
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Mar 31, 2022 23:02
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I finally opened a taxable account with fidelity. And they keep wanting to be a responsible brokerage and not let me trade options or penny stocks without approval. As if. &Goon is trading for multiple pennies! MULTIPLE!
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Apr 1, 2022 00:51
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Space Fish posted:Highlights from yesterday's $GOON earnings call... Keep digging fda approval is down there somewhere! Crys into monthly statements
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Apr 1, 2022 01:32
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Elephanthead posted:Keep digging fda approval is down there somewhere! I have become ok with losing my entire investment. I will grip my shares into the ages.
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Apr 1, 2022 01:37
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GME filed an 8-K to authorize a larger split and the superstonkers are overjoyed. don't most people have access to fractional ownership by now? if so, splits are less valuable than they used to be. also won't adding to the pool of available "real" shares make it less likely they can DRS the entire float and trigger their ultimate short squeeze? all I see is "they're issuing a share dividend, not a split, which means they can recall all the 'real' shares and expose all the financial crime that's suppressing the price" but given how completely pants on head bonkers superstonkers are, that cannot be right.
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Apr 1, 2022 01:49
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GME's leadership has gone full in on market meme-ing. There's no reason stock splits should cause major prices changes in 2022. But hey, $TSLA announced one like a week or two ago and their market cap went up by like ~$100B the next day. Its not like rational investors actually think there is $100B in cash held by potential new investors who can't currently afford a single share. edit: actually I was thinking of AMC leadership, but GME also to a slightly lesser degree drk fucked around with this message at 02:03 on Apr 1, 2022 |
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Apr 1, 2022 01:59
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Fate Accomplice posted:GME filed an 8-K to authorize a larger split and the superstonkers are overjoyed. At least with Etrade they won't let me buy fractions of a share. The only reason this happens with my holdings is from DRIPs
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Apr 1, 2022 02:05
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Another use of splits is to make it easier for stock compensation, which is why Amazon is doing it. So in TYOOL 2022 it still has a use. Plus any announcement makes the stock soar, so I for one welcome the splits. Also It'd be just as easy to "DRS the float" after a split, in that it'll likely not happen. We're only at like 25% of the float DRS'd right now, and I don't see it accelerating but rather slowing down
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Apr 1, 2022 02:24
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DoubleT2172 posted:Also It'd be just as easy to "DRS the float" after a split, in that it'll likely not happen. Isn't that way overstating the likelihood? To get 100% of the float directly registered would require every mutual fund and ETF holding the stock to dump it to reddit bagholders, right?
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Apr 1, 2022 02:30
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Aren’t splits also making it easier for the meme crowd to buy/sell options? I’ve definitely seen the excitement and talk of being able to now buy/sell options after google and amazon stock splits
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Apr 1, 2022 02:39
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DoubleT2172 posted:Another use of splits is to make it easier for stock compensation, which is why Amazon is doing it. So in TYOOL 2022 it still has a use. Plus any announcement makes the stock soar, so I for one welcome the splits. Also It'd be just as easy to "DRS the float" after a split, in that it'll likely not happen. We're only at like 25% of the float DRS'd right now, and I don't see it accelerating but rather slowing down Wow, 25% sure does seem like a lot. How do you know it is that much?
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Apr 1, 2022 02:44
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DapperDraculaDeer posted:Wow, 25% sure does seem like a lot. How do you know it is that much? Because in their last earnings a few weeks ago they released that ~10 million shares are DRS'd and the float is ~40 million
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Apr 1, 2022 02:48
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So is AMC going to announce a split next?
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Apr 1, 2022 03:25
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What is the DRS percentage like on a regular stock? I know zero about DRS, but DTCC is THE central clearinghouse for book ownership and I have to think there is a big chunk there for all publicly traded companies. If it is like other types of securities, literally everything is on the books of DTCC ultimately. Just a bunch of heavily regulated banks and custodians in between. What is it that they are evening trying to accomplish? Aren't there brokerages that let you keep the stock from being lent out? The amount of confidence some people have about things they just fundamentally do not understand is scary sometimes.
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Apr 1, 2022 03:53
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Cacafuego posted:Aren’t splits also making it easier for the meme crowd to buy/sell options? I’ve definitely seen the excitement and talk of being able to now buy/sell options after google and amazon stock splits matt levin has been bring this up in his newsletter and that's his take on it. you can get fractional shares, but no one offers fractional options
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Apr 1, 2022 04:24
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We don't know what the percentage of shares is for a normal stock because no one really cares. Most of the GME crowd is fixated on things that data doesn't really exist on because it hasn't been relevant to, well, anything until now. For example: number of DRS'd shares, comprehensive list of authorized participants for every etf ever, the exact certificate numbers for every single share held by every single brokerage, who is responsible for every trade made in SPY in a month broken down by individual, etc. E: they're now confusing the par value of a share with the market value which should show how deeply stupid they are ranbo das fucked around with this message at 06:12 on Apr 1, 2022 |
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Apr 1, 2022 05:47
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ARTPUP posted:Bought another 2800 shares of Surgalign Holdings (SRGA) @ .33 I have a limit buy lined up for 1000 shares at $0.29, trying to keep my cost basis under $0.30. anything over $0.31 is too rich for my blood 
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Apr 1, 2022 07:56
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Number go up But will it go up enough to help me pay off all the taxes I owe this month??? 
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Apr 4, 2022 19:40
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I sold some positions this morning to free up what I owe in taxes. Couldn't put it off any longer. 
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Apr 4, 2022 21:54
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All these suckers who "owe taxes" clearly didn't get table-sixed hard enough
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Apr 4, 2022 21:55
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Someone tell me more about Puerto Rico and not having to pay capital gains
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Apr 4, 2022 22:03
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Baddog posted:Someone tell me more about Puerto Rico and not having to pay capital gains Yeah. You can live there and not pay cap gains and somehow have shittier infra than the US proper. Also, you live in Peurto Rico, isolated from the rest of the world and waiting to be gobbled up by hurricanes. Ima file that under, 'not worth it'
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Apr 4, 2022 22:17
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My neighbors have to live in PR for 190 days per year in order to avoid some onslaught of taxes, and they hate it. They live in absolute, pinnacle luxury with live-in staff catering to their every need, and they are ready to come home by day 30 every year.
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Apr 4, 2022 22:21
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I cant imagine living somewhere I hated over half the year just to spite the government. Capital gains taxes aren't even that high and maintaining an extra property with a full staff isnt free.
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Apr 4, 2022 22:33
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Imagine being so rich that you have multiple homes, and live in with live-in servants just so you don't have to pay capital gains tax. You would have to be an enormous piece of poo poo.
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Apr 4, 2022 22:36
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GoGoGadgetChris posted:All these suckers who "owe taxes" clearly didn't get table-sixed hard enough Stupid Feds capping the amount of Capital Losses you can write-off each year at $3000
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Apr 4, 2022 22:41
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Subvisual Haze posted:Stupid Feds capping the amount of Capital Losses you can write-off each year at $3000 This is such a joke too. Unlimited taxes on your gains but can only claim losing $3k/year! We need to at least 10x those numbers for the $Goon bagholders
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Apr 4, 2022 22:57
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Puerto Rico is in the caribbean tho, nice beaches, can even get amazon prime. Y'all are acting like its below 3rd world or something, drat. What if I only own one house and have no servants, would it be ok to move there then?
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Apr 4, 2022 23:26
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No Puerto Rico is a hell hole There's a reason why everyone goes to Hawaii instead
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Apr 4, 2022 23:34
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Hadlock posted:No Puerto Rico is a hell hole Income tax in hawaii sucks. Property tax seems low though, so I guess if you are hanging up the trading spurs.... drk posted:Capital gains taxes aren't even that high But this is the short term capital gains thread
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Apr 4, 2022 23:44
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lmao Musk buying 9% of Twitter. Enjoy that.
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Apr 5, 2022 02:29
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https://www.youtube.com/watch?v=USKD3vPD6ZA "modern" take on the classic pick stocks at random chance thing
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Apr 5, 2022 04:39
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Baddog posted:But this is the short term capital gains thread Granted, but if you are literally setting up a new tropical island estate on advice of your tax attorney, its probably not because you have sick daytrading gains on robinhood
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Apr 5, 2022 04:54
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I have no idea how the US tax system works but could you not do all your trading through a company domiciled in a lovely state with low taxes while you actually live someplace nice?
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Apr 5, 2022 09:21
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If you gave up your us citizenship status you could establish residency in the British virgin islands they have no capital gains tax. Dunno if day trading would count as income which is up to 22%. I'm no tax lawyer though. The BVIs are gorgeous and way better than Puerto Rico by a us statute mile I think the BVIs have a very low residency requirement, like, a PO box Not to be confused with the american virgin islands, which area crime infested backwater hell hole too My buddy lives in Colombia now and established his residency in one of the Dakotas for tax purposes, apparently the residency is one night in a hotel room and a mail forwarding service and their tax rate is low
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Apr 5, 2022 09:37
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Hadlock posted:Not to be confused with the american virgin islands, which area crime infested backwater hell hole too Was just in St croix with friends with family that lives there. Not sure where you’re getting the idea that the USVI are crime infested backwater hell holes? Island was beautiful and people were friendly. It has suffered much since cat 5 hurricane Maria or Irma (forget which) and then COVID destroying tourism, but it’s picking back up again.
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Apr 5, 2022 10:43
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Hadlock posted:If you gave up your us citizenship status you could establish residency in the British virgin islands they have no capital gains tax. Dunno if day trading would count as income which is up to 22%. I'm no tax lawyer though. The BVIs are gorgeous and way better than Puerto Rico by a us statute mile South Dakota has no state income tax and has worked very hard to be an attractive financial haven, especially for letting people set up self-settled indefinite private trusts to further dodge taxes with.
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Apr 5, 2022 13:43
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gay picnic defence posted:I have no idea how the US tax system works but could you not do all your trading through a company domiciled in a lovely state with low taxes while you actually live someplace nice? Nope. State income taxes go off your domicile. Sure, you have a Nevada LLC or whatever but its income passes through to you, New Jersey resident, and New Jersey wants its cut.
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Apr 5, 2022 13:52
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Cacafuego posted:Was just in St croix with friends with family that lives there. Not sure where you’re getting the idea that the USVI are crime infested backwater hell holes? Island was beautiful and people were friendly. It has suffered much since cat 5 hurricane Maria or Irma (forget which) and then COVID destroying tourism, but it’s picking back up again. It has incredibly high crime rates, including St. Croix having one of the highest homicide rate of anywhere in the world, higher than any country. ranbo das fucked around with this message at 14:16 on Apr 5, 2022 |
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Apr 5, 2022 14:13
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