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re: AMC, the stock of the retail investor, possibly involved with insider trading in Hycroft

Posted on 3/16/22 at 2:04 pm to
Posted by Buck_Rogers
Member since Jul 2013
1853 posts
Posted on 3/16/22 at 2:04 pm to
My cost basis for ZOM is also ZERO and have all realized gains on SLI. How are those working out for you? When I say cost basis, I obviously mean what each share would cost me if the value went to ZERO. I would average out at zero dollars gain/loss.

ETA: Therefore, with all other things equal, the taxes I paid on my AMC realized gains last year would be negated by the realized losses I would take this year if the company were to go bankrupt. A simple way of summing it up is using the number 0, since that is what my taxes on that particular stock would amount to when everything is said and done. It would be like I never owned the stock, made a penny off of it or lost a penny on it. Zero cost and zero gain.

0/0 = 1/1 = million/million

Did you miss Math 101 too?

Oh wait, that would be more of a calculus problem, since 0/0 is not defined, so you would have to say close enough to zero to call it zero. Did you not learn calculus either?
This post was edited on 3/16/22 at 2:39 pm
Posted by MusclesofBrussels
Member since Dec 2015
4547 posts
Posted on 3/16/22 at 2:46 pm to
quote:

My cost basis for ZOM is also ZERO and have all realized gains on SLI. How are those working out for you? When I say cost basis, I obviously mean what each share would cost me if the value went to ZERO. I would average out at zero dollars gain/loss.

ETA: Therefore, with all other things equal, the taxes I paid on my AMC realized gains last year would be negated by the realized losses I would take this year if the company were to go bankrupt. A simple way of summing it up is using the number 0, since that is what my taxes on that particular stock would amount to when everything is said and done. It would be like I never owned the stock, made a penny off of it or lost a penny on it. Zero cost and zero gain.





Tell me you have no idea what you're doing without telling me you have no idea what you're doing. As if you hadn't already by participating in a fringe, online conspiracy theory group.
Posted by el Gaucho
He/They
Member since Dec 2010
53183 posts
Posted on 3/16/22 at 2:49 pm to
Smart man like you probably has some whsi too I bet
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