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This (short) week is gonna be some poo poo
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Apr 11, 2022 20:59
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Do you have low T? Was about to have a coronary at my T before seeing the new WB shares.
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Apr 11, 2022 21:27
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KLDO is up 150% today. They are delisting and ceasing operations in 15 days. What
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Apr 13, 2022 14:52
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Limited time offer buy now before it's gone forever
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Apr 13, 2022 15:45
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cirus posted:KLDO is up 150% today. They are delisting and ceasing operations in 15 days. What Hmm. I suppose if you wind up and dissolve outside of bankruptcy and all your debts are paid, there will be some kind of residual there for the equity holders. But a quick glance at the balance sheet says it definitely won't be the 45c the shares are currently trading for. Probably just pump crews pushing it around to smack shorts. There's no borrow available right now that I'm seeing.
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Apr 13, 2022 15:50
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Hell hath no scorn like what I have for Elon Musk, I absolutely loathe the man https://www.cnbc.com/2022/04/14/elo...te-company.html
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Apr 14, 2022 11:56
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Woodchip posted:Do you have low T? More of a topic for The Goon Doctor i think
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Apr 14, 2022 12:01
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orange sky posted:Hell hath no scorn like what I have for Elon Musk, I absolutely loathe the man  Is this what we’ve come to? The richest people in the world buying whatever they want so they can allow either themselves or whoever they want to say whatever they want without repercussions? E: I mean, the trump presidency was essentially that, but at least he was (eventually, after much outrage) wrangled by social media. This just sounds like he wants to remove whatever minimal restraints Twitter has in place for vile speech. Cacafuego fucked around with this message at 12:58 on Apr 14, 2022 |
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Apr 14, 2022 12:55
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Cacafuego posted:
What we’ve come to? It’s always been this way, friend.
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Apr 14, 2022 15:37
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If you think a billionaire buying a media company is at all strange you should go watch "the newsroom" immediately, this is a major subplot. Buying a media company is like bullet point number three or four of "how to continue being one of the wealthiest people in the world". Bezos, our slightly less successful space overlord, bought the Washington Post about ten years ago and changed their slogan to "democracy dies in darkness"
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Apr 14, 2022 16:03
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Cacafuego posted:
It always has been. But this generation seems to lack SOME of the shame of previous generations of ultra wealthy. Or we have more visibility to it. Not sure how much of both but the rich being colossal shitheads is not a recent invention https://twitter.com/DougBenson/status/1514615050052415492?t=mf-khpnCHbuEgCabRwQ9bQ&s=19 Tbt  Keep in mind tbt is the daily inverse so buying today might not be the best idea in the world. You might get a better price tomorrow. Oscar Wild fucked around with this message at 16:44 on Apr 14, 2022 |
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Apr 14, 2022 16:13
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Hadlock posted:If you think a billionaire buying a media company is at all strange you should go watch "the newsroom" immediately, this is a major subplot. You can go back much farther, to literally Citizen Kane.
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Apr 14, 2022 16:22
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Oh yeah you can go back further than that, the main character in that move is based off William Randolph Hearst, which is a Wikipedia article worth reading. For West Coast goons yes that's the same Hearst as The Hearst Building in SF and further south Hearst Castle Most first skyscrapers were newspaper buildings; times square is named after, you guessed it. World Series is named after? Media companies are Big Chess Pieces to buy and own, and have been since the very beginning. "Freedom of the Press" literally means to own and operate a printing press without having to buy and maintain a license from the government, because even from the very beginning government knew how powerful media was, and wanted to limit and control it
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Apr 14, 2022 16:50
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LOL the media is owned by like 6 wealthy sex criminals and social media is going to be owned by two dipshit freaks who are angling toward bringing back company towns and chatel slavery.
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Apr 14, 2022 19:35
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https://twitter.com/CNBCnow/status/1514663203296493572
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Apr 14, 2022 20:52
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What's to stop him from just consistently accumulating shares and eventually becoming majority owner?
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Apr 14, 2022 21:24
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Red posted:What's to stop him from just consistently accumulating shares and eventually becoming majority owner? ...a poison pill.
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Apr 14, 2022 21:32
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It would own if Elon leveraged himself to buy twitter, take it private and then everyone leaves it. Won't happen but a girl can dream
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Apr 14, 2022 21:34
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Red posted:What's to stop him from just consistently accumulating shares and eventually becoming majority owner? As it stands the company charter won't let anyone own more than 9.2% or something like that. So he'd have to get a majority of shareholders to agree to let him go past 9.2% to buy a controlling stake (50.1%)
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Apr 14, 2022 21:39
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Nat gas still going nuts. Go sjt go.
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Apr 14, 2022 22:12
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Alright you all told me not to do it, so I did it. I got a HELOC. Just in time for a little market dip too.
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Apr 14, 2022 23:04
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are you taking out a loan to gamble? This seems like a bad idea.
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Apr 14, 2022 23:37
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The Fattest PI posted:Alright you all told me not to do it, so I did it. I got a HELOC. Just in time for a little market dip too. Oh boy, time to go to cash and wait it out.
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Apr 15, 2022 00:26
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Haha ok well it was something I brought up like 20 pages ago and everyone was like "don't be a moron" and I took it as good advice, but I still needed a HELOC regardless. I probably won't use it for investing because that's terrifying but functionally what's the difference between not paying off my mortgage with extra payments and instead putting the money to investments that beat my interest rate, vs already having my house paid off and using it for investments that would normally beat the interest rate. Also loans for the purpose of investment have write-offable interest I've heard and I have no idea how to do that good god i'm stupid.
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Apr 15, 2022 06:00
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Elon I finally buy TSLA and this is how you repay me? I demand $1669 share price. I will protest your Ted talk until you fix the price.
numberoneposter fucked around with this message at 10:37 on Apr 15, 2022 |
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Apr 15, 2022 10:35
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Agronox posted:...a poison pill. https://www.cnbc.com/2022/04/15/twitter-board-adopts-poison-pill-after-musks-43-billion-offer-to-buy-company.html
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Apr 15, 2022 19:22
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The Fattest PI posted:but functionally what's the difference between not paying off my mortgage with extra payments and instead putting the money to investments that beat my interest rate, vs already having my house paid off and using it for investments that would normally beat the interest rate. Beat the interest rate is doing a lot of work here.
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Apr 15, 2022 21:47
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it was way simpler to handle capital gains on uvxy options and futures than I thought it would be. basically just entering a few numbers into a different section of turbotax. anyone run into a complicated tax situation from their trading last year?
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Apr 18, 2022 14:56
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Some of the Direxions ETFs still don’t report cost basis, what a pain to find.
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Apr 18, 2022 15:12
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Paid over 300 in foreign tax for the first time so I did form 1116 but it wasn't that bad
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Apr 18, 2022 15:17
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DeadFatDuckFat posted:Paid over 300 in foreign tax for the first time so I did form 1116 but it wasn't that bad What triggered needing to do that?
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Apr 18, 2022 15:31
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quote:Dear Vanguard Client, That's annoying.
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Apr 18, 2022 15:37
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Jows posted:What triggered needing to do that? You don't have to. At least i don't think its required. Its just foreign tax credit, if you paid over 300 I have some mutual funds where the foreign tax added up DeadFatDuckFat fucked around with this message at 15:44 on Apr 18, 2022 |
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Apr 18, 2022 15:40
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Red posted:That's annoying. NDRA taking a hit? 
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Apr 18, 2022 16:12
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SoFi hit $7 today 
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Apr 18, 2022 21:12
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Hadlock posted:SoFi hit $7 today BACK THAT TRUCK UP BUDDY
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Apr 18, 2022 21:55
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nwin posted:BACK THAT TRUCK UP BUDDY Naw, wasn’t book value like under $6? It’s gonna keep dropping, you’ll get a better entry point eventually.
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Apr 18, 2022 23:35
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Yeah book value is like $5.50/share. I'm picking up 10-20 shares occasionally but it still has further to drop If SoFi hits $5.50/share would that indicate tech stocks have hit the bottom? Or just that investors are signaling that there's no profit to be made in this market segment
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Apr 18, 2022 23:52
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Hadlock posted:Yeah book value is like $5.50/share. I'm picking up 10-20 shares occasionally but it still has further to drop why do you continue to do this to yourself do you even know the difference between sofi's reported book value and its tangible book value? do you really think it can be liquidated for reported book price if need be? in their last annual report, they have $900m in "goodwill" and $410m in intangible assets. those are all worthless if you're looking for a floor in value. see "note 3" in their latest 10-K: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001818874/2533ab52-232a-47de-869b-8d771622cdee.pdf this thread runs its meme stocks into the ground. sofi's only bull case is that a much bigger financial firm buys it out to get their customer list.
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Apr 19, 2022 00:05
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pmchem posted:why do you continue to do this to yourself pmchem's original sofi post convinced me to sell for a profit instead of holding through massive losses a month later listen to pmchem
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Apr 19, 2022 00:08
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