Talking Stocks 2.0

[hkuo]

I sold all of my lots in BB and have an overall gain but the last 2 lots I bought were sold at a small loss... does the wash sale rule kick in if I were to start a new position in BB? I wouldn’t be claiming a loss on my taxes.

[hkuo]

FYI, I’m a newbie investor and got spooked by all the red... :(

[supernova]

Originally Posted by hkuo

FYI, I’m a newbie investor and got spooked by all the red... :(

What red? Large and mega caps generally outperformed today.


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[hkuo]

Sorry, all the red from BB the last few days. I think I figured it out that I should be ok since I’m not claiming a capital loss on my BB shares since I’m walking away with an overall gain.

[0xalate]

I'm waiting for BB to get lower before getting in again. Just like many folks mentioned, BB's golden goose could be QNX.

[JParm]

https://www.cnbc.com/2021/02/03/thre...-earnings.html

After consolidating for the last few months, big tech looks to lead again. I'm big on huge on ad names in general (PINS, GOOGL, FB, TTD, MGNI - 5 of the 10 names I own) because of Mark Tepper's quote below - COVID was huge for them, but the world going back to business will be a boon too as ad spend / marketing is turned back on...and there's only 1 place for them to go. Digital ads.

“When you look at every single one of these companies, all of these companies were strong before Covid, they all got stronger during Covid and they’re going to be strong long after we stop talking about Covid,” Tepper told CNBC. “The runway wasn’t short, it’s long. I do believe there’s more gains to come.”

[JWD531]

Originally Posted by hkuo

I sold all of my lots in BB and have an overall gain but the last 2 lots I bought were sold at a small loss... does the wash sale rule kick in if I were to start a new position in BB? I wouldn’t be claiming a loss on my taxes.

If you purchase again before 30 days, yes, the wash sale would then apply.


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[hkuo]

Originally Posted by JWD531

If you purchase again before 30 days, yes, the wash sale would then apply.


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JWD, I thought the wash sale only applies to capital losses? I’d be claiming an overall capital gain on my BB sell.

[7sins]

Originally Posted by hkuo

JWD, I thought the wash sale only applies to capital losses? I’d be claiming an overall capital gain on my BB sell.

That is correct, Wash Sale 30 day Rule is only applicable towards losses and NOT gains.

[gabrielnovar]

looks like brokers etc are almost ready to onboard larger clients with bitcoin soon.

What a time to be a live when 1-10%of your port in BTC will be normal.

[huncho]

Originally Posted by gabrielnovar

looks like brokers etc are almost ready to onboard larger clients with bitcoin soon.

What a time to be a live when 1-10%of your port in BTC will be normal.

according to analysis done by cathie wood, if just 1% of s&p cash goes into btc it will be at ~75k (if it happened now, as it will go up an estimated 40k)

[hkuo]

Originally Posted by 7sins

That is correct, Wash Sale 30 day Rule is only applicable towards losses and NOT gains.

Thanks JWD and 7sins!

[JWD531]

Originally Posted by 7sins

That is correct, Wash Sale 30 day Rule is only applicable towards losses and NOT gains.

I’m sorry, I must have completely missed that you were talking about gains.


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[AshCashEmAll]

Does this mean 40% of the trading volume was shorts for fdx?


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[AshCashEmAll]

Originally Posted by jaisonline

I don’t think DASH has the same sort of locked shares % as SNOW.

7sins can confirm.

Thanks for the heads up. I’m on the fence of whether I should pick some SNOW puts myself.


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[AshCashEmAll]

Purchased June 18 $85c for PINS. I see it’s next earnings taking it to the triple digits.


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[huncho]

apple partnered with kia for their electric cars, maybe this will bring it back to its pre earnings price...

[chadwick4eva]

Originally Posted by huncho

apple partnered with kia for their electric cars, maybe this will bring it back to its pre earnings price...

I actually think this is a brilliant business decision by them. Due to the extremely expensive up front costs associated with starting a new automotive manufacturing business, tesla had to start their business by entering the luxury segment- the roadster, the model S, the X. Now, tesla has managed to use the higher margins associated with those cars to bring the entry level SUV (Y) and sedan (3) into production. Base prices for these cars are still somewhat pricey compared to an entry level vehicle, however.

By partnering with Kia, apple is taking somewhat the opposite approach. Similar to what they've done with their semiconductor production, they are likely going to be vertically integrating the manufacturing for batteries themselves, while using the production capabilities of a company that makes cheap cars themselves. These will not be kias, they will be apple cars (who the heck would wants to drive a kia?!), and I bet you that they will try to massively undercut the pricing that teslas currently have (like $20k base rather than $40k). I would not be surprised if apple eventually acquired kia just to take over their manufacturing facilities.

This maneuver will bring EV cars to the masses, not just those who can afford a new $40k car. The cars will use apple made batteries, apple made semiconductors/computers, and will likely have multiple other apple ecosystem device integrations. They've built the hardware and software environment to execute this play perfectly.

[smc23]

Originally Posted by chadwick4eva

I actually think this is a brilliant business decision by them. Due to the extremely expensive up front costs associated with starting a new automotive manufacturing business, tesla had to start their business by entering the luxury segment- the roadster, the model S, the X. Now, tesla has managed to use the higher margins associated with those cars to bring the entry level SUV (Y) and sedan (3) into production. Base prices for these cars are still somewhat pricey compared to an entry level vehicle, however.

By partnering with Kia, apple is taking somewhat the opposite approach. Similar to what they've done with their semiconductor production, they are likely going to be vertically integrating the manufacturing for batteries themselves, while using the production capabilities of a company that makes cheap cars themselves. These will not be kias, they will be apple cars (who the heck would wants to drive a kia?!), and I bet you that they will try to massively undercut the pricing that teslas currently have (like $20k base rather than $40k). I would not be surprised if apple eventually acquired kia just to take over their manufacturing facilities.

This maneuver will bring EV cars to the masses, not just those who can afford a new $40k car. The cars will use apple made batteries, apple made semiconductors/computers, and will likely have multiple other apple ecosystem device integrations. They've built the hardware and software environment to execute this play perfectly.

Agreed. The iCar or whatever Apple decides to call it is the next big thing since the iPhone. The car market alone is worth multiple times more than the smartphone market. If Apple even captures a small percent of the auto marketshare, this will be worth more than their iPhone business. I can only see much greater upside from where we are at now.

[huncho]

Originally Posted by chadwick4eva

I actually think this is a brilliant business decision by them. Due to the extremely expensive up front costs associated with starting a new automotive manufacturing business, tesla had to start their business by entering the luxury segment- the roadster, the model S, the X. Now, tesla has managed to use the higher margins associated with those cars to bring the entry level SUV (Y) and sedan (3) into production. Base prices for these cars are still somewhat pricey compared to an entry level vehicle, however.

By partnering with Kia, apple is taking somewhat the opposite approach. Similar to what they've done with their semiconductor production, they are likely going to be vertically integrating the manufacturing for batteries themselves, while using the production capabilities of a company that makes cheap cars themselves. These will not be kias, they will be apple cars (who the heck would wants to drive a kia?!), and I bet you that they will try to massively undercut the pricing that teslas currently have (like $20k base rather than $40k). I would not be surprised if apple eventually acquired kia just to take over their manufacturing facilities.

This maneuver will bring EV cars to the masses, not just those who can afford a new $40k car. The cars will use apple made batteries, apple made semiconductors/computers, and will likely have multiple other apple ecosystem device integrations. They've built the hardware and software environment to execute this play perfectly.

agree with everything you said, my thoughts exactly. on the surface it seems like "why kia, who wants kias?" but apple is too smart to do that without there being much more to it. i think this will be huge for them

Originally Posted by smc23

Agreed. The iCar or whatever Apple decides to call it is the next big thing since the iPhone. The car market alone is worth multiple times more than the smartphone market. If Apple even captures a small percent of the auto marketshare, this will be worth more than their iPhone business. I can only see much greater upside from where we are at now.

also it'll add another giant piece to their ecosystem to drag people in and in result make even more money

[JasoninDenver]

Originally Posted by huncho

agree with everything you said, my thoughts exactly. on the surface it seems like "why kia, who wants kias?" but apple is too smart to do that without there being much more to it. i think this will be huge for them



also it'll add another giant piece to their ecosystem to drag people in and in result make even more money

That is what I thought until I drove a friend’s Telluride. It is on my short list for our next SUV and was much more impressed with the build of this than my neighbors Tesla.

[huncho]

Originally Posted by JasoninDenver

That is what I thought until I drove a friend’s Telluride. It is on my short list for our next SUV and was much more impressed with the build of this than my neighbors Tesla.

i believe they recently hired the guy who ran the M division at bmw to be the head of kia r&d so they've been making moves

[RyanO]

Also believe this is an under-appreciated development for Apple.

Long


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[AshCashEmAll]

Originally Posted by huncho

i believe they recently hired the guy who ran the M division at bmw to be the head of kia r&d so they've been making moves

My girlfriend got the new optima. It’s got more luxury features then my Audi. I get it though why a Kia... we knew the finance manager and it was a sweet deal.


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[JParm]

SKLZ just partnered with the NFL on a multi-year contract. Should bode very well for the online gaming company; wasn't an owner of the stock before but this made me buy in when it was already up 10% pre-market. E-sports has huge market potential already, so excited to see where this goes.

Am I chasing? I'm up 10% since going in, so I'm not upset about it.

[RyanO]

Originally Posted by jpeezy14@hotmail.com

SKLZ just partnered with the NFL on a multi-year contract. Should bode very well for the online gaming company; wasn't an owner of the stock before but this made me buy in when it was already up 10% pre-market. E-sports has huge market potential already, so excited to see where this goes.

Am I chasing? I'm up 10% since going in, so I'm not upset about it.

Great news for this stock. I recommended this one a while back. Glad you’re in!


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[hkuo]

How do investors determine fair market value after a big announcement? For example, SAVA increased over 300% since Tuesday morning when they released the positive news around their drug. I was apprehensive to jump in and ride the wave on it since I thought the end of Tuesday price had everything priced in.

[JParm]

Originally Posted by RyanO

Great news for this stock. I recommended this one a while back. Glad you’re in!


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Good look, Ryan!

Initiated a position in CURI at open as well; they had announced a secondary offering at 13.50 yesterday and it obviously was scooped by in no time.

I've reduced some exposure in AMZN to move into small caps just a tad; AMZN's movement over the last 6 months just isn't very attractive.

[RyanO]

Originally Posted by jpeezy14@hotmail.com

Good look, Ryan!

Initiated a position in CURI at open as well; they had announced a secondary offering at 13.50 yesterday and it obviously was scooped by in no time.

I've reduced some exposure in AMZN to move into small caps just a tad; AMZN's movement over the last 6 months just isn't very attractive.

Thanks for the heads up.

I agree, it has not been good.


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[pearson1995]

Now some of the hype has died down, what do people expect PLTR to look like in the next 10 years? Still undecided on the company, but think I am long.