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Started By
Message
re: AMC, the stock of the retail investor, possibly involved with insider trading in Hycroft
Posted on 3/16/22 at 12:32 pm to Chucktown_Badger
Posted on 3/16/22 at 12:32 pm to Chucktown_Badger
quote:
Look at the trading volume from the original run up when it went above today's share price and today. The vast majority of activity was above where it's currently at.
quote:
an incredible example of the uber rich playing games at the expense of retail investors.
Do you think as a retail investor, your picks are immune to this? The Uber rich stealing from retail is what started this whole squeeze theory. The SEC has come out and stated that 95% of retail trades do NOT go through the LIT exchange. Hedge funds continue to ignore the rules, because what's a $50k fine matter when they just made $1m? The big boys have a huge leg up over you and me. The price action you and me are seeing already happened in the past. Market makers have the capability of seeing price and volume long before you and I do. It's an unfair advantage they have. That is a fact. Whether you like AMC or some other stock, price manipulation is real. Most CEO's, including Adam Aron, are not looking for a squeeze and are looking out for themselves and the company they run. I don't believe in that "silverback" crap and never did. Elon Musk is one of the few that have called out the SEC. I don't understand why any retail investor would not be for tightening up on regulations. You were probably fed with a silver spoon, got your dad to send you off to college, would write you a nice check every month and keep you naive to reality. Maybe I'm wrong, but that's how you come off.
2
Posted on 3/16/22 at 1:00 pm to Buck_Rogers
I'm not normally a Jon Stewart fan, but this is worth a watch and it's only a piece of it.
SEC Gary Gensler
SEC Gary Gensler
Posted on 3/16/22 at 1:20 pm to Buck_Rogers
quote:
You were probably fed with a silver spoon, got your dad to send you off to college, would write you a nice check every month and keep you naive to reality.
Try again. I paid for my college and have earned every bit of success I've had in my life.
I also find it highly entertaining that you of all people, who peddles the ridiculous conspiracy theory and pumper crap about AMC all over this board, would suggest that someone else is naive to reality. Can someone please get this guy a heaping order of self awareness, stat?
This post was edited on 3/16/22 at 1:21 pm
Posted on 3/16/22 at 1:29 pm to Chucktown_Badger
quote:
I paid for my college
Like I said, you are naive to reality. You can learn anything in a classroom except how to work. You should request a refund. quote:
who peddles the ridiculous conspiracy theory and pumper crap about AMC all over this board
By responding to your posts that tell half a story and partially quote statements?
Consider me a counterweight to your bias opinion.
ETA: You post more on AMC threads than any other thread in this board even though you're not even invested in it. Looks like you're the one peddling fear on a stock by selecting bits and pieces of statements without sources. I respond with facts with links so the whole story can be seen. I could care less if someone buys AMC or not, but don't try to be slick and obscure the narrative.
This post was edited on 3/16/22 at 1:44 pm
Posted on 3/16/22 at 1:41 pm to Buck_Rogers
With all due respect, you're a fricking idiot, and deserve every bit of the financial losses you've been experiencing and will continue to experience.
Posted on 3/16/22 at 1:48 pm to Chucktown_Badger
Well, obviously you're the idiot that can't read. Aren't you the one in the hole? I've stated many times that my cost basis for AMC is ZERO. I guess you missed Reading 101 in a school you paid to go to so your employer can benefit
Posted on 3/16/22 at 1:53 pm to Buck_Rogers
quote:
my cost basis for AMC is ZERO
That's not how it works. Just proving my previous post.
Posted on 3/16/22 at 2:00 pm to Chucktown_Badger
That's exactly how it works when you sell in steps.
Posted on 3/16/22 at 2:04 pm to Buck_Rogers
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?
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 on 3/16/22 at 2:46 pm to Buck_Rogers
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 on 3/16/22 at 2:49 pm to Buck_Rogers
Smart man like you probably has some whsi too I bet
Posted on 3/16/22 at 2:54 pm to MusclesofBrussels
If I buy 100 shares of XXX at $10/share, sell 50 shares at $20 and then lose the other 50 shares due to bankruptcy. Tell me how the cost to me is not zero. Please, give me your best equation and explain it to me otherwise. I will run circles around you in the world of math and technical numbers. Your tax dollars paid for my education. Maybe you should request your tax dollars back if you think I'm wrong.
If you don't know what it is, then STFU.
If you don't know what it is, then STFU.
This post was edited on 3/16/22 at 3:10 pm
Posted on 3/16/22 at 4:04 pm to Buck_Rogers
quote:
If I buy 100 shares of XXX at $10/share,
Then your cost basis is $10/share. What you sell them for is irrelevant.
quote:
KEY TAKEAWAYS
Cost basis is the original value or purchase price of an asset or investment for tax purposes.
quote:
Your tax dollars paid for my education.
quote:
If you don't know what it is, then STFU.
What in the actual frick does any of that have to do with anything? My tax dollars pay for every public school kid that comes out of our schools and most of them are morons too
I don't know what that is, nor do I care. But I will assume it's not all that prestigious given how you present yourself (intellectually and otherwise) on this board.
This post was edited on 3/16/22 at 4:07 pm
Posted on 3/16/22 at 4:17 pm to Chucktown_Badger
quote:
Cost basis is the original value or purchase price of an asset or investment for tax purposes.
That is the IRS's definition.
Cost - an expense
Basis - the justification for or reasoning behind something
The key word here is basis, hence my cost basis is zero, because the reasoning is to sell X amount to bring it to zero.
The IRS gives you 1 meaning for 2 words combined and you're stuck on that. Quit thinking inside the box and you'd be amazed at what's out there.
Posted on 3/16/22 at 4:21 pm to Buck_Rogers
Jesus Christ man, guy on an investing board is trying to tell people that "cost basis" doesn't really mean what it actually means to every investor on the planet
This post was edited on 3/16/22 at 4:22 pm
Posted on 3/16/22 at 4:37 pm to Chucktown_Badger
It's the money board. That can mean an array of things besides investing. I didn't say that one meaning of cost basis is not what the IRS defines it as. I said different words have multiple meanings. I'm saying that you are so pathetic, that you knew exactly what I meant (no one could be that dumb and in previous posts I mentioned this as average price per share) when I referred to my cost basis as being zero, but you had to somehow prove yourself right, since you're still sour over losing money on AT's picks and SLI.
ETA: You remind me of some on the outdoor board that have to point out that a magazine isn't a clip, and that somehow makes them a weapons expert.
ETA: You remind me of some on the outdoor board that have to point out that a magazine isn't a clip, and that somehow makes them a weapons expert.
This post was edited on 3/16/22 at 7:13 pm
Posted on 3/16/22 at 6:53 pm to Buck_Rogers
quote:And every other person who has a basic understanding of what cost basis means.
That is the IRS's definition.
quote:Sure.
Cost - an expense
quote:You picked the wrong definition of basis. The proper definition would be the “foundation” or “something which something else is based or established.”
Basis - the justification for or reasoning behind something
quote:No. Those two words combined have a logical meaning, that is used both formally and colloquially. You can’t just take a random definition of one of the words, that is not even logical, creating a new meaning for the terms that is inconsistent with the logical formal and colloquial meanings, and pretend that your new meaning is just as valid as the meaning everyone else is using.
The IRS gives you 1 meaning for 2 words combined and you're stuck on that.
This is just weird.
Posted on 3/16/22 at 7:19 pm to buckeye_vol
quote:
You picked the wrong definition of basis.
I picked the definition I was referring to when I typed the word basis. I'm pretty sure the IRS doesn't write the Webster dictionary. Regardless, he knew what the spirit of the statement was, and is butt hurt because he sat on the sidelines and downed people and said the company would issue more shares and/or go bankrupt. He was dead wrong and even questioned his statements by not buying puts if he really felt that. I have made money on AMC, and it wasn't from listening to him. Quite the opposite.
Posted on 3/16/22 at 7:25 pm to Buck_Rogers
quote:
I will run circles around you in the world of math and technical numbers. Your tax dollars paid for my education. Maybe you should request your tax dollars back if you think I'm wrong.
If you don't know what it is, then STFU.
lol. k.
Posted on 3/16/22 at 7:39 pm to MusclesofBrussels
The losses from his investments and you guys calling out his crazy conspiracy theories finally broke him. He has snapped
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