Boiler Room: The Official Stock Market Discussion

[morris]

Random question:

I still own a stock that has gone bankrupt. The app even says I can sell my position, but I am no longer allowed to buy any shares. My current value there is $38. I lost $1,071 on the stock.

The stock was ASNA, but now the ticker shows up as ASNAQ. If I leave that in there for another 1 year? 2 years? 5 years? is there any chance that I'll ever be able to break even, or is it the kind of thing where the longer I leave it in there I'll just watch it eventually wither down to $0.00. What experience do you guys have with these situations?

P.S.-I now set "stop-losses" so I'm not going to suffer any huge losses like that on companies that I don't actually believe in.

Chapter 7? Sorry, you lost it ALL (happened to me once)

Chapter 11? https://www.thecoli.com/posts/39363299/, and read the prior post

 

[Serious]

Disney is going up.

They have some next level disrupting shyt in the works. Cable is done
Disney says its 'primary focus' for entertainment is streaming — announces a major reorg



They'll have a big annoucement on DEC 10. Time to get calls ready. @Scholar @Doomsday

 

[Saysumthinfunnymike]

I sold Disney at a small profit over the Summer but then bought a little for one of my M1s

 

[dora_da_destroyer]

can we get all this politics talks off CNBC.

Starting to resent Shepard Smith. Duke is fair, but I want to see stocks and learn about new companies not politics.

breh, they cover stocks/markets from 2am-4pm PST, stop turning to CNBC after they've wrapped that coverage for the day. or move to bloomberg TV

 

[Serious]

If the market pulls back tomorrow I’m going in on arkq.

It’s going take off between earnings season and a potential Biden win, since a lot of big money is pricing in an infrastructure bill if the dems sweep. If trumps wins it won’t be affected either.


So tomorrow I’m looking at arkq arkf and ipoc

 

[Serious]

breh, they cover stocks/markets from 2am-4pm PST, stop turning to CNBC after they've wrapped that coverage for the day. or move to bloomberg TV

I watch CNBC on youtube.....

It's annoying that I shift through the playlist between news / political coverage and stocks. When it used to be like 95% stocks.

I already follow politics, the other 80% of the day.

 

[Scholar]

Waymo lidar/geofencing limited taxi hailing service has started in small area of PHX

 

[Serious]

Amazon Prime Day Tomorrow:
These ETFs are ready for Amazon’s prime time

ETF AND TICKER PERCENTAGE
Fidelity MSCI Consumer Discretionary FDIS 32.2%
ProShares Online Retail ONLN 23.9%
Consumer Discretionary Select SPDR XLY 23.1%
Vanguard Consumer Discretionary VCR 22.8%
VanEck Vectors Retail RTH 19.3%

 

[pete clemenza]

Disney is going up.

They have some next level disrupting shyt in the works. Cable is done
Disney says its 'primary focus' for entertainment is streaming — announces a major reorg



They'll have a big annoucement on DEC 10. Time to get calls ready. @Scholar @Doomsday

They didn't have a choice really imo. They should be thankful that they actually f*cked around and created a legit streaming service that's respected and has a future.

 

[Doomsday]

If the market pulls back tomorrow I’m going in on arkq.

It’s going take off between earnings season and a potential Biden win, since a lot of big money is pricing in an infrastructure bill if the dems sweep. If trumps wins it won’t be affected either.


So tomorrow I’m looking at arkq arkf and ipoc

Already got my APR ARKF CALLS locked in.

 

[K-Deini]

Sos

Good morning indeed

 

[Earnings]

breh, they cover stocks/markets from 2am-4pm PST, stop turning to CNBC after they've wrapped that coverage for the day. or move to bloomberg TV

Yahoo finance has a 24/7 stream on YT as well

 

[Serious]

Yahoo finance has a 24/7 stream on YT as well

I like CNBC anchors man. When you have a methodology you hate when it gets fukked with that’s the point.

There’s certain sites I visit for certain information. Fox News also has a business channel but I don’t watch them.

 

[El Bombi]

WYNN!!!

 

[El_Mero_Mero]

I would sell. Since you lost under $3000 you can deduct it all from next years taxes.

Is there any possibility that it could one day come back though (not on some hopeful sh!t, but on some legally/literally meaning of possible)? If it came back, would my holding automatically revert back to ASNA instead of it's current ASNAQ status?

Also, I do like your idea about deducting it from next year's taxes though. I usually get my taxes done for free and sometimes I feel that the 1099s boggle their (tax preparer's) minds a little bit, but it may be worth trying. If I leave it unsold until 2021, would I just be able to sell it at a loss in 2021 and claim it on that year's taxes (I guess the ones I'd be filing in 2022) despite the actual losses happening in 2020

Chapter 7? Sorry, you lost it ALL (happened to me once)

Chapter 11? https://www.thecoli.com/posts/39363299/, and read the prior post

Google search tells me that ASNA did a voluntary Chapter 11. I read your post about DNR. It was a little confusing to understand since I'm not really knee-deep in the stock game. Did you end up selling the shares or holding on to them? Also, in my situation would you hold on to ASNAQ, or sell it at the huge loss? ASNA is the parent company of Ann Taylor and Loft.