Boiler Room: The Official Stock Market Discussion

dora_da_destroyer

dora_da_destroyer

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winb83 said:
You don't average down on a YOLO stock play unless you DGAF about your losses or you're nuts.
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i averaged down on a fraud stock that got delisted and am now sitting at 160+% games, if you're gonna accept that you're gambling, might as well pull every stop to make sure you can win :win:
 
Liu Kang

Liu Kang

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Slim said:
She got it at a strike price that low because she likely paid a high premium for it (anywhere from 800k-1M). The options expire March 2022.

The shady part was she did this like 2 days before Biden announced massive climate/EV initiative.
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This is a cheat code smh. But it does make sense, basically paid a premium higher than what the seller would have made by selling at the current price but she is almost sure to have potential gains higher than that premium and recoup it.

winb83 said:
This isn't advice could go either way. I was gonna do this with Tesla pre split. Bought it at $320 it fell into the $250 range I sold. If fell down into the $170 range and since I sold inside 30 days and didn't wanna take a wash sale I sat on the sidelines. Let me tell you Tesla never got that low again and it never will. That $320 cost basis I sold at amounts to $64 dollars of the current $811 share price.

If you sell and buy back inside 30 days it's a wash sell and the cost basis you sold at for a loss gets added back on to your new cost basis ruining it. If you believe what you did when you bought it either just hold or average down.

If you already committed to gambling on a YOLO play roll with the fall and keep going. You shouldn't really gamble on a gamble like that.
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This seems to be specific to the US no ? I am not aware of a similar thing over here.
 
jadillac

jadillac

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dora_da_destroyer said:
Do you understand how long GME has been in play? These 2 weeks are the end game, not the start. AMC is no where near as late in the run as GME, not was it shorted as heavily, y’all gotta take some time to understand these plays :mindblown:
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True. But I feel like whatever glitch in the matrix that allowed GME to explode out of nowhere, they aren't going to allow to happen to AMC.

Just seems like common sense to me when dealing with greedy hedge fund ppl...

But hey, I'm new...
 
winb83

winb83

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Liu Kang said:
This is a cheat code smh. But it does make sense, basically paid a premium higher than what the seller would have made by selling at the current price but she is almost sure to have potential gains higher than that premium and recoup it.


This seems to be specific to the US no ? I am not aware of a similar thing over here.
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You don't pay taxes on capital gains? Or you don't get to claim capital gains losses on your taxes? If your country lets you harvest capital gains losses and claim them with no wash sales that's wild.
 
Liu Kang

Liu Kang

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TSLA below 800 :ohhh:

I hope that AAPL manages to go below 120 so I can get in next week.
 
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