Started By
Message

re: Stocks on your watch list

Posted on 12/30/20 at 9:05 am to
Posted by Brobocop
Baton Rouge, LA
Member since Feb 2018
2116 posts
Posted on 12/30/20 at 9:05 am to
Why PINS!! I just wanna no know why.

Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 12/30/20 at 10:08 am to
don’t worry about PINS individually.
overall though, I’m considering selling a % of my positions today.

maybe 1/4 or a 1/3 on the large gainers.
these profits we have crowed about all year are only guaranteed when taken. I’m going to ruminate on it a little this morning.

this is the last full day in the market for the year
Posted by ynlvr
Rocket City
Member since Feb 2009
5533 posts
Posted on 12/30/20 at 10:14 am to
Sure is a lot of potential political upheaval in the next few weeks. Don't know what surprises are in store, if any. I hate the way taxes and politics can have such influence over a portfolio.
Posted by Allthatfades
Mississippi
Member since Aug 2014
9324 posts
Posted on 12/30/20 at 10:14 am to
You just gonna bank your profits or put them into something else?
Posted by deaconjones35
Thibodaux
Member since Sep 2009
9895 posts
Posted on 12/30/20 at 10:27 am to
This may be a dumb question, but wouldn’t you want to wait until next week to sell so you can delay your taxes another year?
Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 12/30/20 at 10:48 am to
it’s not a dumb question at all that’s why I have to think about it some.
I’m do a dry run on my taxes first

if I do I’ll bank the cash
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 12/30/20 at 10:52 am to
Not buying yet, but keeping an eye on Romeo Power (RMO). It’s another battery/automotive electrification play and SPAC merger that started trading today. Seems to have some good connections to major OEM players like BorgWarner (also a partner and investor). Looks a little frothy now, but we’ll see how it holds up over the next little bit... especially after the options begin trading.

Is anyone else following this one?
Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 12/30/20 at 10:52 am to
also today looks like a green day for me so I’d rather do it now.
that pretty substantial loss I took on Monday is still bothering me.

maybe I’ll talk myself out it
Posted by BallsEleven
Member since Mar 2019
6163 posts
Posted on 12/30/20 at 10:55 am to
quote:

This may be a dumb question, but wouldn’t you want to wait until next week to sell so you can delay your taxes another year?


In a perfect world, you'd want to sell for profit in a year you anticipate making less and sell for loss in a year you think you will be making more.

Also, we know the tax rate now (which is more likely to rise than fall in the short term). We don't know what tax hikes are in store for the future.
Posted by NorthEnd
Member since Oct 2007
2203 posts
Posted on 12/30/20 at 11:02 am to
cgrand-you still building? or just day trading now?
Posted by TheChosenOne
Member since Dec 2005
18873 posts
Posted on 12/30/20 at 11:04 am to
I'm in the same boat. I will have to sell some to cover 2020 taxes, so I'm debating trimming now and holding that cash for my tax bill or letting it ride into 2021 in hope for additional growth.

Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 12/30/20 at 11:07 am to
still building this is just a very small time side hustle.
I’m not trading though I’ve been accumulating

not too much selling today. That won’t be the case on Monday I’m afraid.
Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 12/30/20 at 11:10 am to
yes exactly
I need to decide how to manage the tax implications of this years gains which is far better than scrambling to try to preserve them later.

this years gains are rare. It ain’t gonna happen again next year.
Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 12/30/20 at 11:14 am to
here’s a guy I pay to give me advice

quote:

Today is one of the more important cash raising days of the year imo
quote:

This could easily be me being overly cautious - but the only time to unravel significant long exposure - the type we’ve Had on constantly since March - is when Bull vibes remain . If $vxx goes over $17.7 close the market will become much less hospitable to profit taking
Posted by Eric Nies Grind Time
Member since Sep 2012
25506 posts
Posted on 12/30/20 at 11:49 am to
Trying to wish Etsy 210 into existence.
This post was edited on 12/30/20 at 11:50 am
Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 12/30/20 at 11:53 am to
me too
ETSY is one of the few I don’t feel like taking a cut on.
their earnings report is going to be something to see
Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 12/30/20 at 11:54 am to
new short report on FUBO out today
it’s going to shake a bunch of people out most likely

something to watch

LINK
Posted by Eric Nies Grind Time
Member since Sep 2012
25506 posts
Posted on 12/30/20 at 11:56 am to
Yeah, I just don't see how the Q4 earnings aren't absolutely insane. ETSY has been a great side hustle for a lot of struggling people.
Posted by cgrand
HAMMOND
Member since Oct 2009
48690 posts
Posted on 12/30/20 at 12:01 pm to
agreed

I’m thinking a 25% haircut on FSLY, TDOC, NVTA & PINS.
these are my largest positions, if I do it I’ll sell last in first out, which should lower my cost basis my taking a relatively safe profit on an up day.

a couple more hours to decide
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11554 posts
Posted on 12/30/20 at 12:29 pm to
ETSY is a monster that's awakening.
Jump to page
Page First 247 248 249 250 251 ... 476
Jump to page
first pageprev pagePage 249 of 476Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram