|
Without reading details on the deal, you only incur a taxable event when you close a position. I don't know if it's an equity for equity swap but my stupid guess is that you should buy an accountant a beer and ask them. Usually a spin off gives you the equity at the opening price and if they're just letting you buy he equity at a discount it's not a taxable event until you sell.
|
#
?
Jul 31, 2023 23:00
|
|
|
|
| # ? Jun 1, 2024 17:10 |
|
|
Can someone explain to a dumb person (me) why the Yellow trucking company closed at like $0.71 on Friday, but is trading at $1.76 right this very moment even though they have declared bankruptcy and that they’re going to fire all 30,000 employees? I mean, without any employees how do stock traders expect them to actually do a business?
|
|
#
?
Jul 31, 2023 23:09
|
|
|
Boris Galerkin posted:Can someone explain to a dumb person (me) why the Yellow trucking company closed at like $0.71 on Friday, but is trading at $1.76 right this very moment even though they have declared bankruptcy and that they’re going to fire all 30,000 employees? I mean, without any employees how do stock traders expect them to actually do a business? Without doing any Googling my assumption is a combination of idiot memestonk reddit people and buying pressure from shorts closing their positions.
|
|
#
?
Jul 31, 2023 23:17
|
|
|
Agronox posted:But it has confused at least three people so I should probably just axe that part. Nah, you should keep it - that's a good joke. The only reason I didn't get it is because I'm dumb.
|
|
#
?
Jul 31, 2023 23:17
|
|
|
mrmcd posted:Without doing any Googling my assumption is a combination of idiot memestonk reddit people and buying pressure from shorts closing their positions. Its surely this, plus last friday they had a total market cap of like $35M, so it doesnt take much buy-side demand to raise the price dramatically.
|
|
#
?
Jul 31, 2023 23:35
|
|
|
Oscar Wild posted:Without reading details on the deal, you only incur a taxable event when you close a position. I don't know if it's an equity for equity swap but my stupid guess is that you should buy an accountant a beer and ask them. Thank you, Oscar Wild!! I will do just that
|
|
#
?
Jul 31, 2023 23:46
|
|
|
Boris Galerkin posted:Can someone explain to a dumb person (me) why the Yellow trucking company closed at like $0.71 on Friday, but is trading at $1.76 right this very moment even though they have declared bankruptcy and that they’re going to fire all 30,000 employees? I mean, without any employees how do stock traders expect them to actually do a business? They may have assets, what is the book value? Land is recorded at purchase price, my mom used to be a controller at a shipyard whose fair value assets far exceeded their market cap.
|
|
#
?
Aug 1, 2023 00:30
|
|
|
There's this weird thing that seems to have started in the last decade or so (I can verify it happening in 2016) where stocks have sometimes been getting a bump once they declare bankruptcy. Whether it's due to hopes of coming through with recoveries to the equity, like HTZ or GGP, or just fanciful notions of hidden assets (there was a writer on Seeking Alpha convinced that the bankrupt Sears Holdings had hundreds of millions of dollars of off-balance sheet assets, for instance), sometimes these things just get bid up. And that leads to another thing, people who actually know that the equity is worthless but buy it anyway for a quick flip in the bankruptcy bump, making it a kind of self-fulfilling prophecy. Yellow's been through the recap grinder a few times, I doubt there's any meat left on that bone.
|
|
#
?
Aug 1, 2023 02:19
|
|
|
Think they sold most/all of their terminals awhile ago and just lease them now. I guess we could look up their actual assets, but they have so much debt i don't see how *anything* could be coming out. Even though the sale/leaseback is supposed to be this savvy move to "unlock value" and "concentrate on core competencies" .... Pretty sure it's almost never a good sign. Speaking of which, prolly need to unload my Seagate stock. They have been selling their buildings, even the factories.
|
|
#
?
Aug 1, 2023 02:47
|
|
|
https://roic.ai/company/YELL:US yellow supposedly has a book value of negative $48/share, and tangible book value of negative $8/share seems bad for a bankrupt company, maybe this is their way of trying to bust the union?
|
|
#
?
Aug 1, 2023 03:07
|
|
|
freight rates are terrible right now too. i wouldn’t want to be anywhere near a truck looking for profit right this minute. in general trucking has no discipline since a good amount of it is independent shops and smaller corporate shops. during the pandemic when everyone was at home buying poo poo. rates were good and people were making money. What happened next is a lot of places plowed that money into new trucks and employees which they need to get rid of. a bunch of it at fire-sale prices. yellow is kinda caught in the middle of all this with a really healthy dose of bad management to boot. Also in a bigger picture context. oil/refined product demand is strong in the US and inventories are declining. So it seems reasonable to expect fuel costs to go up a a good amount late this summer/early fall which would further cut into any sort of margin trucking might be able to eek out at the moment.
|
|
#
?
Aug 1, 2023 03:52
|
|
|
yummycheese posted:freight rates are terrible right now too. i wouldn’t want to be anywhere near a truck looking for profit right this minute. So then why are Freight trucks back ordered through next summer
|
|
#
?
Aug 1, 2023 06:24
|
|
|
Reading that more and more laboratories are successfully replicating the room-temperature superconductor in South Korea. If indeed true, as it seems to be, this is a loving revolution in materials. Let's brainstorm, how do we play this? It's gonna be the next buzzword, after crypto and AI (and I think this one will significantly change our world). I'm thinking the first one to join the bandwagon for a stock boost will be TSLA. But I don't know who would be the players manufacturing it, what do you think? E: I might have got too excited, I saw some random posts saying it was replicated, here's the full status of replications: https://forums.spacebattles.com/threads/claims-of-room-temperature-and-ambient-pressure-superconductor.1106083/page-13 E2: https://twitter.com/Andercot/status/1686215574177841152?s=20 orange sky fucked around with this message at 12:52 on Aug 1, 2023 |
|
#
?
Aug 1, 2023 12:30
|
|
|
e: post is not edit
orange sky fucked around with this message at 12:52 on Aug 1, 2023 |
|
#
?
Aug 1, 2023 12:49
|
|
|
orange sky posted:Reading that more and more laboratories are successfully replicating the room-temperature superconductor in South Korea. Is it best to play the companies making it or the industries that will benefit most from it? From my basic understanding it doesn't seem that tricky to manufacture so anyone in that business wouldn't have much of a moat.
|
|
#
?
Aug 1, 2023 12:56
|
|
|
Yeah, that's why I mentioned TSLA. I guess every single industry would benefit from this, but mostly around any sort of energy storage or transmission in the short term, probably.
|
|
#
?
Aug 1, 2023 12:59
|
|
|
There’s a lot of lead in that chemical, so maybe lead mining companies will get a boost if this thing is legit. Going short on things like lithium might pay off too if the downstream products are soon to become obsolete.
|
|
#
?
Aug 1, 2023 13:07
|
|
|
amsc options are pretty expensive but thinking about buying some puts for september, assuming this is a flash in the pan and it's disproven fairly quickly. if i'm wrong, i think society is going to benefit so much it won't hurt to lose on a gamble like that lol
|
|
#
?
Aug 1, 2023 16:04
|
|
|
I was looking at ASMC calls last week too when the news first broke but I told myself "no thats stupid dont go buying stuff just because it has superconductor in its name" see thats my problem, im just too SMART for the market
|
|
#
?
Aug 1, 2023 18:26
|
|
|
AMSC doesn't seem to be in a better position than anyone else to capitalize on this (if there is even something capitalizable here). But I do kinda like the idea of *selling* puts on them right now. Seems like the pre-hype strike is 4 though, and there is 0 premium there, until you get way out. Sep 7p for 0.4? Ehhhhh I dunno, seems like a greater than 50% chance that it crashes and burns back below 6.
|
|
#
?
Aug 1, 2023 18:45
|
|
|
Apparently the material in question is called LK-99 named after korean researchers Lee and Kim in '99 https://en.wikipedia.org/wiki/LK-99 It's crystalline and made from CuO25P6Pb9 none of which are rare materials. Lead right now is so cheap it's not worth recycling old car batteries. quote:The team claims it functions as a superconductor at ambient pressure and below 127 °C; 260 °F Interesting stuff. What would be the lowest hanging fruit for a product like this? Do we have a thread on this topic yet? There's some good discussion over here, which links to some videos including one of a guy holding it in his hand which would imply room temp and ambient pressure https://arstechnica.com/civis/threads/lk-99-lead-apatite-room-temperature-ambient-pressure-superconductor.1494809/ Edit: apparently you can use it in buck converters which can take a very high voltage and convert it into a lower one, which is probably pretty useful if you're a leading lithium battery manufacturer (tesla/panasonic) or leading whole house battery manufacturer (tesla/panasonic) Hadlock fucked around with this message at 20:17 on Aug 1, 2023 |
|
#
?
Aug 1, 2023 20:10
|
|
|
Hadlock posted:Interesting stuff. What would be the lowest hanging fruit for a product like this? it's hard to overstate how revolutionary such a material would be. basically all methods of power storage and distribution could be changed by such a technology. nearly anything electrical would be "the lowest hanging fruit". i'm pretty skeptical.
|
|
#
?
Aug 1, 2023 20:15
|
|
|
Apparently it's made using materials you can order off the shelf, shipped ovenight from large scientific supply houses*, so I would imagine every lab on the planet researching transistors will be attempting to dope this stuff in the next couple of months. Bill of materials for 1kg of the stuff is probably under $500 usd I'm skeptical too but we'll probably know a lot more here in a couple of months given the wide availability of the precursor materials *Lead(II) oxide, $81/500g https://www.sigmaaldrich.com/US/en/search/1317-36-8?focus=products&page=1&perpage=30&sort=relevance&term=1317-36-8&type=product Lead(II) sulfate, $129/500g https://www.sigmaaldrich.com/US/en/search/7446-14-2?focus=products&page=1&perpage=30&sort=relevance&term=7446-14-2&type=product
|
|
#
?
Aug 1, 2023 20:23
|
|
|
Hadlock posted:Apparently it's made using materials you can order off the shelf, shipped ovenight from large scientific supply houses, so I would imagine every lab on the planet researching transistors will be attempting to dope this stuff in the next couple of months. Bill of materials for 1kg of the stuff is probably under $500 usd yep. the recipe is easy to follow*, so attempts to replicate should come very quickly. true peer review will take a while but we should know pretty quickly whether there's something legit here or if it's bogus *for research institutions with millions of dollars worth of equipment and loads of free labour
|
|
#
?
Aug 1, 2023 20:24
|
|
|
Nilered apparently made a superconductor back in 8/2020 Not sure how similar the process is but you can already see LK-99 comments in his three year old video https://www.youtube.com/watch?v=RS7gyZJg5nc&t=2358s edit: he does a cool pong brick breaker thing with it at 41:43 which is worth a look too Hadlock fucked around with this message at 20:32 on Aug 1, 2023 |
|
#
?
Aug 1, 2023 20:28
|
|
|
hot cocoa on the couch posted:it's hard to overstate how revolutionary such a material would be. basically all methods of power storage and distribution could be changed by such a technology. nearly anything electrical would be "the lowest hanging fruit". i'm pretty skeptical. yeah, but the transition for infrastructure would have huge capital outlays in a way that reminds me of early railroad or fiber efforts. unless there is an absolutely massive public to private subsidy, it seems like at least on the utility side like one of those revolutions that end up with initial investors losing a bunch of money to provide beneficial infrastructure to non-investors
|
|
#
?
Aug 1, 2023 20:35
|
|
|
GhostofJohnMuir posted:yeah, but the transition for infrastructure would have huge capital outlays in a way that reminds me of early railroad or fiber efforts. unless there is an absolutely massive public to private subsidy, it seems like at least on the utility side like one of those revolutions that end up with initial investors losing a bunch of money to provide beneficial infrastructure to non-investors oh absolutely. but the superiority of a material such as this over all other competitors is so vast, the only truly valid comparisons are maybe the invention of bakelite, or something like the hall-heroult+bayer process for aluminum
|
|
#
?
Aug 1, 2023 20:41
|
|
|
hot cocoa on the couch posted:it's hard to overstate how revolutionary such a material would be. basically all methods of power storage and distribution could be changed by such a technology. nearly anything electrical would be "the lowest hanging fruit". i'm pretty skeptical. Seriously, if this is as good as it seems on paper, whoever can get their hands on it in volume has just gotten the ability to outcompete anyone in almost any field that uses more than like 2kw of power. I'm skeptical that the holy grail of material science has been found, but it's an exciting prospect My brain says to bet on the producers of the material and the patent rights holders. Mining companies seem premature, and it's hard to know who will actually be able to efficiently use the "pricey" new technology
|
|
#
?
Aug 1, 2023 20:43
|
|
|
on the other hand, you could ignore trying to puzzle out fundamentals and just go straight to buzzwords. quantum computing is sexy, superconducting quantum computing might just be about to get even sexier. you find someone promising ai powered by superconducting quantum computing and you can probably retire early
|
|
#
?
Aug 1, 2023 20:49
|
|
|
GhostofJohnMuir posted:on the other hand, you could ignore trying to puzzle out fundamentals and just go straight to buzzwords. quantum computing is sexy, superconducting quantum computing might just be about to get even sexier. you find someone promising ai powered by superconducting quantum computing and you can probably retire early So keep investing in Intel
|
|
#
?
Aug 1, 2023 21:01
|
|
|
As much as it pains me to say this, yes Intel is probably not the worst bet you could make right now
|
|
#
?
Aug 1, 2023 21:39
|
|
|
Can futures be bought on Schwab? This is better odds than megamillions!
|
|
#
?
Aug 2, 2023 12:45
|
|
|
Room temperature superconductor patented in the US? Needs a fluid to activate https://www.eenewseurope.com/en/room-temperature-superconductor-sees-key-patent/ quote:US patent 17249094 was awarded Looks like this is targeted for use in quantum computers. Curious if the "activating liquid" is liquid nitrogen...
|
|
#
?
Aug 2, 2023 20:29
|
|
|
Room temperature super conductor? No, liquid nitrogen needed
|
|
#
?
Aug 2, 2023 20:39
|
|
|
Nonpolar liquid? Like oil?
|
|
#
?
Aug 2, 2023 21:05
|
|
|
If you go to Taj Quantum's website they're an IT security company with "blockchain" randomly interspersed in their copy. Guess they pivoted to room temperature superconductors last week
|
|
#
?
Aug 2, 2023 21:09
|
|
|
Apparently they initially filed it in Feb-2021 https://patents.google.com/patent/US11710584B2/en?oq=17249094
|
|
#
?
Aug 2, 2023 21:16
|
|
|
Subvisual Haze posted:Nonpolar liquid? Like oil? apparently, yes us patent office posted:The present invention provides a class of Type II superconductors comprising perforated graphene wetted on at least one surface with aliphatic hydrocarbon or other suitable activating material, i.e., a non-polar liquid that does not incorporate Pi-bonding in its structure, such as vacuum pump oil, silicone oil comprising methyl silicone, or aliphatic hydrocarbon chains bound to a substrate by one end of the chain comprising a reactive functional group.
|
|
#
?
Aug 2, 2023 21:19
|
|
|
Anyone use JP Morgans trading platform? I'm guessing its probably as basic as fidelity, and it doesn't appear to have streaming realtime quotes. Have to refresh, like some sort of barbarian. But I'm sick of etrade getting run into the ground by morgan stanley, and jpm will give me money to switch to them. Maybe I'll leave a tiny chunk of money at etrade so I can still look at powertrade quotes. (Today when I logged into etrade every account showed 0. Banner at the top said "We are experiencing some difficulties. Your accounts are safe, please don't worry")
|
|
#
?
Aug 2, 2023 23:20
|
|
|
|
| # ? Jun 1, 2024 17:10 |
|
|
Funds are safefu
|
|
#
?
Aug 3, 2023 00:20
|
|