Share Picks 2021 - Thread banned users post #1

dan786

Looks like more and more brokers are banning GME buys today.

crushproof

dan786 wrote: »

Looks like more and more brokers are banning GME buys today.

How on earth can this be allowed?

This is it

dan786 wrote: »

He is planning to sell at 650. One of his college friends has 1200 GME so I say he would be more worried.

I'd have been out at $370 yesterday, but then again that's probably why I won't make much money

Darando

weemcd wrote: »

Does he know what he's gonna do yet? I'd be sweating profusely

sweating at the thought of the revenue cut when someone mentions the tax bill or how to fill out a CGT :eek:

Outkast_IRE

I hedged myself this morning and sold half at over €300 per share. So i am in a decent profit no matter what. The rest i am gonna leave ride out see can we hit 1k+.

Only had 10 shares total in GME so not life changing money but its exciting stuff. Cant wait for the movie.

dan786

Darando wrote: »

sweating at the thought of the revenue cut when someone mentions the tax bill or how to fill out a CGT :eek:

The guy is a Law student so knows his CGT stuff.

neris

crushproof wrote: »

How on earth can this be allowed?

Pressure from their big customers who just happen to be the other side of the trade thats going against them and loosing a few hundred or thousand average joe retail investors from tehir client list isnt a big deal

Outkast_IRE

Darando wrote: »

sweating at the thought of the revenue cut when someone mentions the tax bill or how to fill out a CGT :eek:

There is a revenue spreadsheet you can download - in my simple understanding 33% of the profit straight up . But if i have some positions that are negative it may be a time to close them out and balance the loss , must look at it myself.

Bodjhrjekekr

Outkast_IRE wrote: »

There is a revenue spreadsheet you can download - in my simple understanding 33% of the profit straight up . But if i have some positions that are negative it may be a time to close them out and balance the loss , must look at it myself.

Same with my understanding, minus the exemption of 1270

TitianGerm

Outkast_IRE wrote: »

There is a revenue spreadsheet you can download - in my simple understanding 33% of the profit straight up . But if i have some positions that are negative it may be a time to close them out and balance the loss , must look at it myself.

Don't forget about your annual exemption of €1270.

If you make a profit of 5270 on GME then you'll pay CGT on 4000.

dan786

So who is planning to buy some today?

NAKD is one to watch today , cheap stock and big potential today.

Also KOSS huge increase yesterday and premarket.

AMC and GME too risky now with clamp downs.

supersonic21

dan786 wrote: »

The guy is a Law student so knows his CGT stuff.

we didn't discuss CGT in law :rolleyes:

but yeah that CGT is a killer, even with the 1270 exemption dreading the day I have to withdraw money.

supersonic21

dan786 wrote: »

So who is planning to buy some today?

NAKD is one to watch today , cheap stock and big potential today.

Also KOSS huge increase yesterday and premarket.

AMC and GME too risky now with clamp downs.

i think the reddit gang is on a bit of a high right now and will find new fish to fry - think NOK, BB

neris

TitianGerm wrote: »

Don't forget about your annual exemption of €1270.

If you make a profit of 5270 on GME then you'll pay CGT on 4000.

the generosity of our government & tax authorities knows no bounds

dan786

supersonic21 wrote: »

we didn't discuss CGT in law :rolleyes:

but yeah that CGT is a killer, even with the 1270 exemption dreading the day I have to withdraw money.

I meant he is a very smart kid.

Atlas_IRL

The tax here makes it much harder to actually win.

supersonic21

dan786 wrote: »

I meant he is a very smart kid.

Of course, just messing with you

do you know what pushed him to invest 2k in GME back then? definitely a ballsy move with quite a lot of capital for a student so curious about his reasoning at the time

Atlas_IRL

Supercell wrote: »

CCIV down to $19.12 in premarket, am tempted depending on what it does on market open of course, I think it may dip further then, worth taking a punt?

yes anything under 20 dollars is worth it, its going to rocket if it is announced. Possibly get some of this gem money floating into it as well hopefully.

VinLieger

Atlas_IRL wrote: »

The tax here makes it much harder to actually win.

Yup vested stocks are even worse when you buy them you pay 50% tax on the difference between the price you vested at and the current market price.


So you might join a company and have a vested price of 1 euro, then when you buy your shares it could be 50 euros. So if you have 100 shares they cost 100 euro to buy but you pay 2500 euro in tax, and then 33% on the sale price if you ever sell.

dan786

supersonic21 wrote: »

Of course, just messing with you

do you know what pushed him to invest 2k in GME back then? definitely a ballsy move with quite a lot of capital for a student so curious about his reasoning at the time

Apparently he started following stocks after watching a Indian series on a scam on the stock market. Called "The Scam of 1992", it was all about short selling and how a guy made billions coming from a very poor family. Based on true story of Harshad Mehta

https://en.wikipedia.org/wiki/Harshad_Mehta

A good watch.

crushproof

Thank goodness I live in the Queens country, much more generous to investors and savers.

SmokyMo

Brokers restricting buying GME and AMC now.

Shedite27

Darando wrote: »

sweating at the thought of the revenue cut when someone mentions the tax bill or how to fill out a CGT :eek:

Worry about banking the gain first, then the tax. Without a gain there's no tax

VinLieger

SmokyMo wrote: »

Brokers restricting buying GME and AMC now.

Barefaced market manipulation very obviously being pushed from behind the scenes by those who are losing

dan786

NAKD and KOSS

BB and NOK

Next targets it seems

SteelyDanJalapeno

dan786 wrote: »

NAKD and KOSS

BB and NOK

Next targets it seems

Lol

How many more times are you gonna post this?

MikeSoys

SmokyMo wrote: »

Brokers restricting buying GME and AMC now.

lawyer on cnbc late last night saying he was recommending ceesing trading on GME stock for two weeks - cnbc was imlying that would be manupiluation but lawyer argued against it as Elon tweeting about GME caused influence on the stock, lawyer said 2 weeks of no trading would also hurt short sellers.. there planing to do something i think; if they [NASDAQ] do something like this it will spill over to other areas causing a downward trend on other stocks.imo

Gamma1

PSAC a SPAC doing 3B link up with Faraday electric vehicles. Took a small punt.

Timmaay

SteelyDanJalapeno wrote: »

Lol

How many more times are you gonna post this?

Dan you need to rename to danWSBgod lol

drunkmonkey

Will somebody think of Virgin, you want to get to the moon your going to need a rocket boys.

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