OT: Investing - Stocks/Mutual Funds/Bonds/Crypto

Lippo · Post #1841 » by **Lippo** » Fri Aug 7, 2020 3:04 am

LINK is booming this year, to the moon link marines...

30x since got in...wooot

jschligs · Post #1842 » by **jschligs** » Fri Aug 7, 2020 1:59 pm

Picked up some Rocket Companies on it's IPO. I was stuck in meetings and didn't get it at the initial $18 but did get low $21, going to hold this one for a while

Nowak008 · Post #1843 » by **Nowak008** » Fri Aug 7, 2020 2:06 pm

hege53190 wrote:
Nowak008 wrote:
JEIS wrote:Pretty good chance Benzo buys out JC Penney's in the near future. He just pulled out $3 billion worth of his Amazon stock... The other bidder offered 1.75 billion. Could be a nice play.

Good suggestion - I'll roll the dice with you.

I am always in for a bargain. However JC Penny has $2.2 Billion in lender debt. The offers in Bankruptcy court were like $1.8 Billion. Out of the $3Billion that Benzo withdrew I would assume that a significant portion is going to taxes (like 20-25%). JC Penney has 320 million shares of common stock outstanding.

I am just not sure how you make money off of this. I am asking because I am curious.

Idiot speculators like me bidding it up?

HaroldinGMinor · Post #1844 » by **HaroldinGMinor** » Fri Aug 7, 2020 3:49 pm

Maybe JCPenney will get a $765 million loan to make pharmaceuticals.

sidney lanier · Post #1845 » by **sidney lanier** » Fri Aug 7, 2020 5:16 pm

HaroldinGMinor wrote:Maybe JCPenney will get a $765 million loan to make pharmaceuticals.

I doubt it. Unlike Moderna, they have some experience bringing things to market.

Lippo · Post #1846 » by **Lippo** » Sat Aug 8, 2020 7:05 pm

Lippo wrote:LINK is booming this year, to the moon link marines...

30x since got in...wooot

And... another 30% in 2 days, no other crypto fiends out there holding this for 3 years?

JEIS · Post #1847 » by **JEIS** » Sun Aug 9, 2020 9:36 pm

hege53190 wrote:
Nowak008 wrote:
JEIS wrote:Pretty good chance Benzo buys out JC Penney's in the near future. He just pulled out $3 billion worth of his Amazon stock... The other bidder offered 1.75 billion. Could be a nice play.

Good suggestion - I'll roll the dice with you.

I am always in for a bargain. However JC Penny has $2.2 Billion in lender debt. The offers in Bankruptcy court were like $1.8 Billion. Out of the $3Billion that Benzo withdrew I would assume that a significant portion is going to taxes (like 20-25%). JC Penney has 320 million shares of common stock outstanding.

I am just not sure how you make money off of this. I am asking because I am curious.

It doesn't have to make sense... It has to make cents, then dollars. It is likely about to fly.

JEIS · Post #1848 » by **JEIS** » Sun Aug 9, 2020 9:43 pm

https://www.yahoo.com/news/amazon-reportedly-wants-over-jcpenney-190300324.html

It looks like it may happen.

hege53190 · Post #1849 » by **hege53190** » Mon Aug 10, 2020 2:10 am

JEIS wrote:
hege53190 wrote:
Nowak008 wrote:
Good suggestion - I'll roll the dice with you.

I am always in for a bargain. However JC Penny has $2.2 Billion in lender debt. The offers in Bankruptcy court were like $1.8 Billion. Out of the $3Billion that Benzo withdrew I would assume that a significant portion is going to taxes (like 20-25%). JC Penney has 320 million shares of common stock outstanding.

I am just not sure how you make money off of this. I am asking because I am curious.

It doesn't have to make sense... It has to make cents, then dollars. It is likely about to fly.

I still don't know how it makes money. Amazon isn't buying JC Penny. It is buying the Assets out of Bankruptcy cournt. I believe the only way stockholders make money is if the assets sell for a higher price than the 2.2 Billion that is borrowed against it. The last bid from what I heard was 1.8 Billion. Leaving the a $400 million gap before the 320 Million Shareholders even sniff a dime.

I could be totally wrong on this though.

HaroldinGMinor · Post #1850 » by **HaroldinGMinor** » Mon Aug 10, 2020 4:21 pm

Hope everyone sold their Kodak shares.

Stannis · Post #1851 » by **Stannis** » Tue Aug 11, 2020 2:29 pm

HaroldinGMinor wrote:Hope everyone sold their Kodak shares.

I don't get why anybody would have bought at 40 a share. Or why anyone would not sell at 40 a share.

Even with that 700m loan, the share price increase made zero sense lol.

sidney lanier · Post #1852 » by **sidney lanier** » Tue Aug 11, 2020 4:17 pm

hege53190 wrote:
JEIS wrote:
hege53190 wrote:
I am always in for a bargain. However JC Penny has $2.2 Billion in lender debt. The offers in Bankruptcy court were like $1.8 Billion. Out of the $3Billion that Benzo withdrew I would assume that a significant portion is going to taxes (like 20-25%). JC Penney has 320 million shares of common stock outstanding.

I am just not sure how you make money off of this. I am asking because I am curious.

It doesn't have to make sense... It has to make cents, then dollars. It is likely about to fly.

I still don't know how it makes money. Amazon isn't buying JC Penny. It is buying the Assets out of Bankruptcy cournt. I believe the only way stockholders make money is if the assets sell for a higher price than the 2.2 Billion that is borrowed against it. The last bid from what I heard was 1.8 Billion. Leaving the a $400 million gap before the 320 Million Shareholders even sniff a dime.

I could be totally wrong on this though.

How things come full circle. That big J.C. Penney warehouse on Burleigh and Hwy. 45 used to be because of this...

... and, if Amazon scoops up these distressed properties, it will return to its sell-to-remote-buyers roots.

step3profit · Post #1853 » by **step3profit** » Wed Aug 12, 2020 9:21 pm

sidney lanier wrote:How things come full circle. That big J.C. Penney warehouse on Burleigh and Hwy. 45 used to be because of this...

... and, if Amazon scoops up these distressed properties, it will return to its sell-to-remote-buyers roots.

Not gonna lie, I would buy that Ranger Tower.

BucksFanSD · Post #1854 » by **BucksFanSD** » Wed Aug 19, 2020 3:46 pm

Fast forward from April and May's discussion on stocks and housing prices. :wink:

April/May - Will we re-test stock market lows? Will we go lower than that? It will take X years for this stock market to re-gain what it lost. How far will housing prices fall? How much inventory will hit the market for a discount?

Today - S&P and NASDAQ at record highs. US Housing Prices at record highs.

HaroldinGMinor · Post #1855 » by **HaroldinGMinor** » Tue Sep 1, 2020 2:24 pm

I think I'm the only person on the planet that lost money on Zoom. :lol:

machu46 · Post #1856 » by **machu46** » Tue Sep 1, 2020 4:18 pm

HaroldinGMinor wrote:I think I'm the only person on the planet that lost money on Zoom.

But...how?

The money I've made on Zoom and Square during this pandemic is absolutely insane lol. I nearly pooped my pants when I saw Zoom's stock today.

HaroldinGMinor · Post #1857 » by **HaroldinGMinor** » Tue Sep 1, 2020 4:27 pm

machu46 wrote:
HaroldinGMinor wrote:I think I'm the only person on the planet that lost money on Zoom.

But...how?

The money I've made on Zoom and Square during this pandemic is absolutely insane lol. I nearly pooped my pants when I saw Zoom's stock today.

I bought it at $154 on a whim. It immediately dove down to $119 and I thought "Man, I literally did zero research on this thing." and I never invest like that so I sold (I got in DraftKings at $20 so I'm doing ok there but obviously wish I had just stuck it out with Zoom). Then I saw a few people whose opinions I respect suggest it was a good short sell candidate. Shows what anyone knows.

Stannis · Post #1858 » by **Stannis** » Tue Sep 1, 2020 8:50 pm

Zoom sent a bunch of other names flying like Docusign, ZScaler, and CrowdStrike.

Thunder Muscle · Post #1859 » by **Thunder Muscle** » Wed Sep 2, 2020 8:26 pm

Novice question. High level,, my understanding is you are subject to capital gains tax if you buy/sell a stock for profit if held it under year. Is it subject to tax if you sell the stock or sell stock "and" withdraw the money from the brokerage account to bank account?

step3profit · Post #1860 » by **step3profit** » Thu Sep 3, 2020 4:04 pm

Thunder Muscle wrote:Novice question. High level,, my understanding is you are subject to capital gains tax if you buy/sell a stock for profit if held it under year. Is it subject to tax if you sell the stock or sell stock "and" withdraw the money from the brokerage account to bank account?

If you sell the stock. You aren't taxed on money-in-hand, you are taxed on profit-on-stock-sale.