Author Topic: Stocks  (Read 655070 times)

Online ckmk47

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Re: Stocks
« Reply #6380 on: November 22, 2021, 07:56:12 PM »
DARE - Dare Bioscience has a drug that will likely be approved Dec 7.
The stock closed at $1.64 today. Not a company to necessarily hold long term.

Offline shmoe joe

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Re: Stocks
« Reply #6381 on: November 22, 2021, 11:33:28 PM »
DARE - Dare Bioscience has a drug that will likely be approved Dec 7.
The stock closed at $1.64 today. Not a company to necessarily hold long term.
meaning not long after dec 7 I assume
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Online ckmk47

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Re: Stocks
« Reply #6382 on: November 23, 2021, 09:44:39 AM »
meaning not long after dec 7 I assume
I usually sell first thing the next morning.

Offline shmoe joe

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Re: Stocks
« Reply #6383 on: November 23, 2021, 10:37:23 AM »
I usually sell first thing the next morning.
How do I avoid paying capital gains tax if you keep on selling your stocks?
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Offline sguitarist18

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Re: Stocks
« Reply #6384 on: November 23, 2021, 10:44:30 AM »
Roth IRA?

Online ckmk47

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Re: Stocks
« Reply #6385 on: November 23, 2021, 02:09:21 PM »
How do I avoid paying capital gains tax if you keep on selling your stocks?
Thats the flaw in short term gains.
Roth IRA?
or other non-taxed entity. 

Offline hvaces42

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Re: Stocks
« Reply #6386 on: November 23, 2021, 02:50:38 PM »
Thats the flaw in short term gains. or other non-taxed entity.
I dont know what the rules are now, but when I did this I had my accountant elect to treat me as a day trader and my trades as ordinary income. All your positions are marked to market, which made no practical difference because there were no intrinsic gains in my positions that were affected by that election. It must be made in the tax year that you will be claiming to be a day trader. so if you want your 2021 trades to be treated as ordinary income (loss) then you must make the election in 2021. There is an IRS form for it.   
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Offline yuneeq

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Re: Stocks
« Reply #6387 on: November 23, 2021, 07:37:32 PM »
How do I avoid paying capital gains tax if you keep on selling your stocks?

Simple trick is to buy high and sell low.
Works every time!

Offline madhocker

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Re: Stocks
« Reply #6388 on: November 24, 2021, 08:43:27 PM »
DARE - Dare Bioscience has a drug that will likely be approved Dec 7.
The stock closed at $1.64 today. Not a company to necessarily hold long term.
Worth mentioning- although many here did nicely on the CCXI trade (credit @ckmk47) , not every time a bio company gets approval for a new drug does the stock go up. Case in point, TAK  (Takeda pharma) today.

 I'm no expert in this, but a case can be made that the orphan status of the CCXI approval improved the potential profits of the drug. This is not necessarily the case with DARE.
« Last Edit: November 24, 2021, 11:20:52 PM by madhocker »

Online ckmk47

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Re: Stocks
« Reply #6389 on: November 24, 2021, 11:36:18 PM »
Worth mentioning- although many here did nicely on the CCXI trade (credit @ckmk47) , not every time a bio company gets approval for a new drug does the stock go up. Case in point, TAK  (Takeda pharma) today.

 I'm no expert in this, but a case can be made that the orphan status of the CCXI approval improved the potential profits of the drug. This is not necessarily the case with DARE.
Agreed.  This new drug is an antibacterial vaginal cream.  And there are other drugs available. But this one is a one dose regimen, so it's got a clinical advantage.
I would caution that although CCXI has risen since it's FDA approval, that isn't necessarily the usual pattern.
There's a spike of buying at the market's open the day after approval. That's when I sell out.

Offline EliJelly

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Re: Stocks
« Reply #6390 on: November 26, 2021, 10:39:19 AM »
Major black Friday sale... Is this a reasonable drop or just hysteria of the new variant? Anybody buying the dip, airlines in particular?

Online ExGingi

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Re: Stocks
« Reply #6391 on: November 26, 2021, 01:14:51 PM »
Major black Friday sale... Is this a reasonable drop or just hysteria of the new variant? Anybody buying the dip, airlines in particular?

I am probably the worst at timing.

Sitting on some nice gains in Oil related stocks, I bought some Dec XLE puts a while ago to protect my gains, while those puts are up 300% today, they are still below my purchase price (and while I saw some substantial drops in my oil patch holdings, still sitting on some nice gains, and actually rebounded a bit from the worst prices seen today).
I've been waiting over 5 years with bated breath for someone to say that!
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Offline yos9694

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Re: Stocks
« Reply #6392 on: November 26, 2021, 01:18:03 PM »
Echo that... I just turned my back on some pharma covid plays. Whoops

Offline Danlover111

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Re: Stocks
« Reply #6393 on: November 29, 2021, 07:22:55 AM »
Anyone holding NRX?

Offline YitzyS

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Re: Stocks
« Reply #6394 on: November 29, 2021, 07:32:11 AM »
Monkeys don't fly unless you put them on airplanes

Offline Danlover111

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Re: Stocks
« Reply #6395 on: November 29, 2021, 07:34:43 AM »

Offline YitzyS

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Re: Stocks
« Reply #6396 on: November 29, 2021, 07:35:39 AM »
Yes!
Don't have, but wish I did. Jumped yesterday, and it's up 50 percent in premarket.
Monkeys don't fly unless you put them on airplanes

Offline Danlover111

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Re: Stocks
« Reply #6397 on: November 29, 2021, 07:37:05 AM »
Don't have, but wish I did. Jumped yesterday, and it's up 50 percent in premarket.
Just sold half...

Offline yos9694

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Re: Stocks
« Reply #6398 on: November 29, 2021, 09:42:29 AM »
Been watching NRXP and RLTLF for some time but have not bought. Both have been faring quite poorly despite seemingly positive news over their lawsuit and development. The pop due to the new Covid variant is not surprising, but I still find it hard to be excited about these having any lasting power

Offline madhocker

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Re: Stocks
« Reply #6399 on: November 29, 2021, 03:29:44 PM »
@shie123  are you trading qqq into the close and at which levels