The Official Stock Market Thread - Page 60

cnewby · 04-21-2021, 10:58 AM

ARVL popping today after a big slide.

clipperboy24 · 04-21-2021, 01:38 PM

Quote:

Originally Posted by jcardstore

PENN broke support down in a big way and could have started a downtrend. I'll be keeping on eye on this one

That is interesting. $80 could be a bouncing point I’m going to look into straddles on this one. With the VIX so low straddles are priced fairly attractively right now

finfangfan · 04-21-2021, 01:48 PM

DMYD officially changed tickets to GENI today. I sold off a couple laggards today (FRX and VGAC) and moved a chunk to PLTR and a few other stocks.

finfangfan · 04-21-2021, 02:38 PM

Nice overall market surge in last hour.

cnewby · 04-21-2021, 02:57 PM

Quote:

Originally Posted by finfangfan

Nice overall market surge in last hour.

Trimmed 20% of my MUDS this afternoon.

finfangfan · 04-21-2021, 03:03 PM

Quote:

Originally Posted by finfangfan

DMYD officially changed tickets to GENI today. I sold off a couple laggards today (FRX and VGAC) and moved a chunk to PLTR and a few other stocks.

The market LOVED the ticker change as GENI closed up 22% on its first day with the new ticker.

My trading account did stellar today... up 6.2%. MUDS also clawed back some of its recent losses. It was over $13 for awhile there.

cnewby · 04-21-2021, 03:04 PM

Quote:

Originally Posted by finfangfan

The market LOVED the ticker change as GENI closed up 22% on its first day with the new ticker.

My trading account did stellar today... up 6.2%. MUDS also clawed back some of its recent losses. It was over $13 for awhile there.

Good day for CCIV as well(I think you're still into that one).

finfangfan · 04-21-2021, 03:20 PM

Quote:

Originally Posted by cnewby

Good day for CCIV as well(I think you're still into that one).

I am still in that one. Did well with my first time trading it, but down in my current position. Might sell out my position soon.

Divino · 04-21-2021, 03:39 PM

WOW! SKLZ up 35% today. It crashed hard, so I'm sure there's some correction involved here.

jcardstore · 04-22-2021, 07:31 AM

Not my idea but saw this and it's interesting. Plug Power failed to hold the mid line. It tried to bounce a couple times but has broken down recently. There's not much support and a long way to go down.

Josh611 · 04-22-2021, 07:46 AM

I’m glad I never got back in Plug. That company issued so many shares and just bleeds cash.

There’s probably a play on the downside but not with the risk for me. Puts on a bounce may work out well with this one.

This is another one of those stocks that got caught up in the market euphoria.

xbignick · 04-22-2021, 12:23 PM

Was such a solid day....

cnewby · 04-22-2021, 12:31 PM

Quote:

Originally Posted by xbignick

Was such a solid day....

All morning gains are gone.

babyfaceposey · 04-22-2021, 12:37 PM

Quote:

Originally Posted by cnewby

All morning gains are gone.

47% increase over 1 million. There goes the economy.

finfangfan · 04-22-2021, 12:58 PM

Yeah rough afternoon after a stellar morning... I ended up selling 50 MUDS to add a couple shares of COIN on the dip at $292.38.

monkeymcgee · 04-22-2021, 01:00 PM

That's never going to pass, will settle at 40%. Good buying opportunity if you had some dry powder.

finfangfan · 04-22-2021, 01:31 PM

Now it seems like market is coming back a bit. Should be an interesting final hour.

mjohnatgt · 04-22-2021, 04:25 PM

Quote:

Originally Posted by finfangfan

Now it seems like market is coming back a bit. Should be an interesting final hour.

Tried to message you but Blowout says your mailbox is full. Clear some out and send me a message.

JMarchand1981 · 04-22-2021, 05:27 PM

The capital gains tax idea has been floated around since the election. If you weren't smart enough to take heed and dump years-long holdings late last year, shame on you.

finfangfan · 04-22-2021, 06:15 PM

Quote:

Originally Posted by JMarchand1981

The capital gains tax idea has been floated around since the election. If you weren't smart enough to take heed and dump years-long holdings late last year, shame on you.

No capital gains in a Roth!

JMarchand1981 · 04-23-2021, 05:51 AM

Quote:

Originally Posted by finfangfan

No capital gains in a Roth!

The world lives beyond a Roth. Money managers cannot use the protection of a Roth. The reason the market is getting hit is because your money managers (more important than the retail investors, 3/1 by volume) now realize that there the tax burden is double what it was last year on those years-long holdings.

Managers with legacy holds, Amazon, FB, AAPL, MSFT, these true legacy holdings are now all the sudden much less profitable than they were a couple days ago.

finfangfan · 04-23-2021, 06:57 AM

COIN keeps dropping. It’s below $290 in premarket. Will be interesting to see where it settles. I believe it’s initial announced dpo price was around $250... not sure it will fall that low.

finfangfan · 04-23-2021, 06:58 AM

Quote:

Originally Posted by JMarchand1981

The world lives beyond a Roth. Money managers cannot use the protection of a Roth. The reason the market is getting hit is because your money managers (more important than the retail investors, 3/1 by volume) now realize that there the tax burden is double what it was last year on those years-long holdings.

Managers with legacy holds, Amazon, FB, AAPL, MSFT, these true legacy holdings are now all the sudden much less profitable than they were a couple days ago.

We will see where the new tax rate shakes out. I am not sure it’s the done deal you are making it out to be.

rcmb3220 · 04-23-2021, 07:16 AM

Game over according to Reddit. (Link aggregates a bunch Reddit links and also provides some stellar commentary)

https://forums.collectors.com/discus...all-weekend/p1

jcardstore · 04-23-2021, 07:19 AM

So is the $1m rule for the capital gains increase 1m in assets or 1m income per year?

04-21-2021, 10:58 AM	#1476
cnewby Member Join Date: Sep 2012 Location: MI Posts: 18,084	ARVL popping today after a big slide. __________________ #ALLRISE - THE ORIGINAL HASHTAG - ALL OTHERS ARE CUTE IMITATIONS

04-22-2021, 07:31 AM	#1485
jcardstore Member Join Date: Mar 2014 Posts: 21,760 Jcardstore	Not my idea but saw this and it's interesting. Plug Power failed to hold the mid line. It tried to bounce a couple times but has broken down recently. There's not much support and a long way to go down. __________________ Just moonwalking through hell on my last brain cell

04-22-2021, 07:46 AM	#1486
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 10,018	I’m glad I never got back in Plug. That company issued so many shares and just bleeds cash. There’s probably a play on the downside but not with the risk for me. Puts on a bounce may work out well with this one. This is another one of those stocks that got caught up in the market euphoria. __________________

04-22-2021, 12:23 PM	#1487
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,306 xxbignick	Was such a solid day.... __________________ @xxbignick on twitter

04-23-2021, 07:19 AM	#1500
jcardstore Member Join Date: Mar 2014 Posts: 21,760 Jcardstore	So is the $1m rule for the capital gains increase 1m in assets or 1m income per year? __________________ Just moonwalking through hell on my last brain cell

04-21-2021, 01:48 PM	#1478
finfangfan Member Join Date: Oct 2013 Posts: 11,001	DMYD officially changed tickets to GENI today. I sold off a couple laggards today (FRX and VGAC) and moved a chunk to PLTR and a few other stocks.

04-21-2021, 02:38 PM	#1479
finfangfan Member Join Date: Oct 2013 Posts: 11,001	Nice overall market surge in last hour.

04-21-2021, 03:39 PM	#1484
Divino Member Join Date: Mar 2009 Location: Racine, WI Posts: 7,681 divino	WOW! SKLZ up 35% today. It crashed hard, so I'm sure there's some correction involved here.

04-22-2021, 12:58 PM	#1490
finfangfan Member Join Date: Oct 2013 Posts: 11,001	Yeah rough afternoon after a stellar morning... I ended up selling 50 MUDS to add a couple shares of COIN on the dip at $292.38.

04-22-2021, 01:00 PM	#1491
monkeymcgee Member Join Date: Apr 2010 Location: VA Posts: 10,974	That's never going to pass, will settle at 40%. Good buying opportunity if you had some dry powder.

04-22-2021, 01:31 PM	#1492
finfangfan Member Join Date: Oct 2013 Posts: 11,001	Now it seems like market is coming back a bit. Should be an interesting final hour.

04-22-2021, 05:27 PM	#1494
JMarchand1981 Member Join Date: Jul 2013 Posts: 34,438	The capital gains tax idea has been floated around since the election. If you weren't smart enough to take heed and dump years-long holdings late last year, shame on you.

04-23-2021, 06:57 AM	#1497
finfangfan Member Join Date: Oct 2013 Posts: 11,001	COIN keeps dropping. It’s below $290 in premarket. Will be interesting to see where it settles. I believe it’s initial announced dpo price was around $250... not sure it will fall that low.

04-23-2021, 07:16 AM	#1499
rcmb3220 Member Join Date: Jun 2014 Posts: 4,136	Game over according to Reddit. (Link aggregates a bunch Reddit links and also provides some stellar commentary) https://forums.collectors.com/discus...all-weekend/p1