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Business, Economics, and Taxes: Capitalism. Yay? >=(

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Handyman said:
Yeah I know...but we dont high end game on comps cause we are old ;^) (we have other uses for the comps that are work related)
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Funny thing about high end (or medium end like mine) gaming PCs is they are also really good at doing other computer tasks too. Well, outside of high end video editing but that’s a whole different ball game...
 
Jimjamesak said:
Funny thing about high end (or medium end like mine) gaming PCs is they are also really good at doing other computer tasks too. Well, outside of high end video editing but that’s a whole different ball game...
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He owns a sign making company so he is using it for that. I will use mine for my classes.

I have a PS4 if I want to play games and look stupid.
 
Spartanforlife4 said:
For real. Have any of these meme investments gone bad this year? GME and AMC have been volatile, but as long as you didn’t buy at the peak I’m pretty sure you’re still ahead.
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Some WSB redditors were hot on Blackberry because they own QNX, a real time operating system that several car manufacturers are supposedly going to adopt for self driving platforms. Real time operating systems have deterministic characteristics (it can guarantee when critical tasks will run) that you need for tasks like self-driving that standard operating systems like Linux or BSD do not have.

It spiked up to $28, and is now trading around $9 (up from the 52 week low of $3 and change, so if you got in early you're still good -- lots of WSBers are in over $10 though). I bought a bunch at $9 before the run up to $28 and wish I had dumped it at $28. At least I'm not underwater. It really tanked after the GME hype hit full swing.

Some of them still think it's a good long term play.
 
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BassAle said:
Some WSB redditors were hot on Blackberry because they own QNX, a real time operating system that several car manufacturers are supposedly going to adopt for self driving platforms. Real time operating systems have deterministic characteristics (it can guarantee when critical tasks will run) that you need for tasks like self-driving that standard operating systems like Linux or BSD do not have.

It spiked up to $28, and is now trading around $9 (up from the 52 week low of $3 and change, so if you got in early you're still good -- lots of WSBers are in over $10 though). I bought a bunch at $9 before the run up to $28 and wish I had dumped it at $28. At least I'm not underwater. It really tanked after the GME hype hit full swing.

Some of them still think it's a good long term play.
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I think you could get rich by just tracking wsb traffic and setting up automated shorts on every stock that leads a week, triggered after a 2-week delay.

June 1: wsb pimps penny stock LFGM, which is at .05. LFGM leads the week's traffic. I set shorts to fire on June 15.
June 15: LFGM now at .86. My shorts kick in.
November 15: My shorts execute. LFGM is at .14.
 
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Kepler said:
June 1: wsb pimps penny stock
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I believe any ticker mentioned on WSB needs have a market capitalization of at least a billion dollars otherwise the post gets deleted. This is to discourage pumping penny stocks, since they would be easy to manipulate.
 
BassAle said:
I believe any ticker mentioned on WSB needs have a market capitalization of at least a billion dollars otherwise the post gets deleted. This is to discourage pumping penny stocks, since they would be easy to manipulate.
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Huh, I had no idea. Thx.
 
Spartanforlife4 said:
For real. Have any of these meme investments gone bad this year? GME and AMC have been volatile, but as long as you didn’t buy at the peak I’m pretty sure you’re still ahead.
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I'm looking forward to the "stonks" bros who sold at the peak by dumb luck getting their 1099-B forms next January and being all, "Wut dis?!"
 
BassAle said:
some people want to increase it now that the sub has way more members. I think the $1B threshold was set when there were 1.5M members.
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I lurk there. I love the Revolutionary Ape spirit, but we should probably put them in their own free standing economy and let them play with Monopoly money before they pull on the wrong thing.
 
Kepler said:
LOL.

Oh man, you know they've already lost every cent. They are gonna be fucked.
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So far, all of my investments are in 401k, IRA, etc, so I'm totally ignorant on how trading actually works, but if they plowed those winnings into other losses in the same tax year, doesn't that cancel out and they owe no taxes? And isn't there even some sort of option to carry those losses forward to future tax years in the event that you're already "good" for this year (e.g. if losses exceeded wins, you could use the net to offset next year's income)?

Edit: ah, I think if they don't realize those losses this year, though, then they are screwed, because they still owe the taxes from realizing the wins. So they'd have to "sell low" enough stocks to cover those losses if they don't have the cash to pay the taxes - but if they don't notice this situation before December 31, then it might be too late and they will be truly screwed.
 
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