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re: DWAC

Posted on 10/23/21 at 9:22 am to
Posted by TigerDeBaiter
Member since Dec 2010
10625 posts
Posted on 10/23/21 at 9:22 am to
quote:

I made a little…. But I keep my expenses in the 12 per cent tax bracket…. Under 105k in come.


You do realize the tax code is progressive?

Again, it’s always the dumbest comment.

Posted by bass
Member since Oct 2016
4650 posts
Posted on 10/23/21 at 9:30 am to
Since it got to $150 yesterday, does it get to $300 Monday? Seems like a good play at the moment given the lack of enthusiasm around mainstream earnings.
Posted by DaTruth7
Member since Apr 2020
4043 posts
Posted on 10/23/21 at 9:41 am to
I think we will def see a hundred again in the short term. Long term this could be crazy if a news company is actually created. In a little more than my original investment and I'm willing to let it ride for the unthinkable pay off.
Posted by SmackoverHawg
Member since Oct 2011
30882 posts
Posted on 10/23/21 at 10:31 am to
quote:

I think we will def see a hundred again in the short term. Long term this could be crazy if a news company is actually created. In a little more than my original investment and I'm willing to let it ride for the unthinkable pay off.


Sold half when it was headed to $150 and kept half. Willing to let that 1000 ride with $150k profit on $30-40k investment. May have fricked up, but we'll see. Now if we get another run next week, I may be tempted to dump and wait. In hindsight I should've dumped them all, but who's to say it wouldn't have kept running before the dive? My nephew's lucky arse got in around $12. He's in Germany and was awake. Saw the pre-market and bought. Sold at $175.

Letting my 1000 of PHUN ride. Had already decided to give it a bit to see unless it went really crazy. In at like $7.20. If it goes back to $1.50, oh well. Not like a I have a ton in it. I'll hold it.

Trying to decide what to do with profits. Roll over into SLI and RIG or keep playing the slots. Or maybe AR. Has been fun as shite though.
Posted by SmackoverHawg
Member since Oct 2011
30882 posts
Posted on 10/23/21 at 10:33 am to
quote:

I think we will def see a hundred again in the short term. Long term this could be crazy if a news company is actually created. In a little more than my original investment and I'm willing to let it ride for the unthinkable pay off.


I tend to think so since it held $90-100 plus a little most of the day after the early insanity. Could still see another crazy day or two. Not surprised by AH dip. I wouldn't want to hold over weekend if I hadn't made some profit. Easier to do playing with house money.
Posted by DaTruth7
Member since Apr 2020
4043 posts
Posted on 10/23/21 at 10:35 am to
I hear ya with the profits. Dumped some into czr because I think sports betting is about to take off. Disney, mcd, and BA should be long term winners. Keeping a little on the side to take gambles like dwac and phun.
Posted by SmackoverHawg
Member since Oct 2011
30882 posts
Posted on 10/23/21 at 10:43 am to
quote:

Dumped some into czr because I think sports betting is about to take off

Yeah. Kicking myself for not picking up some during July/August dip, but was still loading up on SLI. Has worked out. Been watching DKNG but still think they make take another little dump before they take off. CZR safer play. More upside potential with DKNG I think. Wish I could see just a wee bit into the future.
Posted by DaTruth7
Member since Apr 2020
4043 posts
Posted on 10/23/21 at 10:47 am to
DKNG definitely has more risk/reward with the big boy casino owners jumping in. Should be interesting how it all plays out. No coincidence that as soon as czr started running adds dkng dropped a little.
This post was edited on 10/23/21 at 10:50 am
Posted by natsoundup
Simpsonville, SC, Jupiter, FL,
Member since May 2013
367 posts
Posted on 10/23/21 at 11:18 am to
Not following you on progressive….I won’t take out more than 105k from my investments and/or social security…that keeps me in the 12 percent federal bracket. Maybe I didn’t explain my self thoroughly. I have no debt and can live off of that
Posted by damnlambert
Louisiana
Member since Oct 2019
163 posts
Posted on 10/23/21 at 11:35 am to
I'd personally go PENN before DKNG and CZR. Either one seems safe long term though.
Posted by spacbuckeye
Member since Jan 2021
59 posts
Posted on 10/23/21 at 12:01 pm to
This was a once in a lifetime trading setup on the warrants. If this was 2020 everyone here would be millionares. Think the spac bust made alot of people 2nd guess themselves
Posted by TigerDeBaiter
Member since Dec 2010
10625 posts
Posted on 10/23/21 at 12:04 pm to
quote:

Not following you on progressive….I won’t take out more than 105k from my investments and/or social security…that keeps me in the 12 percent federal bracket. Maybe I didn’t explain my self thoroughly. I have no debt and can live off of that



So you can’t live on more? Your whole premise for staying away was that you would make too much money and “throw off my taxes”

You do realize you don’t actually “change brackets” right? When you fill up one bracket you move to the next. It’s not like you’re earnings below the higher bracket are all the sudden taxed any more.
Posted by natsoundup
Simpsonville, SC, Jupiter, FL,
Member since May 2013
367 posts
Posted on 10/23/21 at 1:53 pm to
Tiger baiter… no sense arguing with you. I am retired and living comfortably. I understand the tax code, sir.
Posted by Stagliano
Member since Dec 2020
1661 posts
Posted on 10/23/21 at 5:20 pm to
Is anyone watching SHCR and MARK for Monday? Seeing a lot of buzz on stoctwits and Twitter. Already had nice days Fri. Not like DWAC and PHUN, but still

Would give it its own thread but whatever. MARK is sitting at 2.17 I think. Could be some fomo action

Edit to note these are apparently TRUTH related as well. Reason I mentioned it here

Some basic info Here

And why is this anchored?
This post was edited on 10/23/21 at 5:34 pm
Posted by Pezzo
Member since Aug 2020
2858 posts
Posted on 10/23/21 at 6:17 pm to
Halts will kill the momentum again. I think it’ll rocket again based on options but I just can’t see the halts letting it get over 200
Posted by supadave3
Houston, TX
Member since Dec 2005
31720 posts
Posted on 10/23/21 at 7:59 pm to
shite, I’ll order a handful of MARK just to see what happens. Thanks for the tip, never would have even heard of that. I was was way too late to the DWAC party to even consider it.
Posted by DaTruth7
Member since Apr 2020
4043 posts
Posted on 10/23/21 at 8:58 pm to
For the short term maybe. But long term it can't hurt to bank a few shares. It may dip a bunch in the short term. But you have to think longterm.
Posted by DaTruth7
Member since Apr 2020
4043 posts
Posted on 10/23/21 at 8:59 pm to
Did they anchor dwac
Posted by Pezzo
Member since Aug 2020
2858 posts
Posted on 10/23/21 at 9:02 pm to
Hmmm
Posted by Stagliano
Member since Dec 2020
1661 posts
Posted on 10/23/21 at 9:06 pm to
Odd thread to randomly kill
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