Jurgis

OK, so GME goes to 100B+ market cap. Then it buys EA, ATVI, SNE for stock. .... Profit ./discuss ? 8)

I own GBTC in an IRA at Schwab and didn't have to sign any additional agreements. Given that GBTC doesn't have any distributions associated with it, I don't think you'll encounter similar taxable issues as owning MLPs in an IRA. It's my understanding it's just a publicly traded trust more akin to REITs than ETFs/stocks/MLPs/etc. I believe your understanding is only partially correct. You are right that GBTC has no income, so currently it has minimal tax implications. However, it is not akin to REITs - it is a grantor trust and its income/expenses flow through to shareholders. So if it had income, you would have to pay tax on it. Whether that would mean K1 or some other IRS form and whether it would have tax implications for IRA, I am not fully sure. In that sense it is way closer to a partnership than to REIT. Maybe this question is academic since it does not have income currently (and foreseeably). https://grayscale.co/wp-content/uploads/2020/02/Grayscale-Bitcoin-Trust-BTC-2019-Tax-Information_Final.pdf

Has anyone bought GBTC in IRA? How sure are you that GBTC is legal in IRA and does not have unexpected tax consequences? (E.g. things like MLPs can screw you in IRA). I know that Fido asks for additional agreement before they allow you to buy GBTC. I believe that GBTC sucks in taxable account although I don't remember exact details. Anyway, does anyone has a strong handle of tax implications of GBTC in IRA?

It's good to hodl while it's strong and hard. It's good to fapp until it shoots like a rocket. Just don't hodl when it goes all limp on you.

Buy both puts and calls. Both will go up anyway. Not a real advice.

So basically this is the "nuke them from the orbit. It's the only way to be sure" video. 8)

So Prem should short BB since it's a momo meme stock. Will he have ballz? Popcorn at eleven. ;D

2021 Big Ideas report from ARK: https://ark-invest.com/big-ideas-2021/ They ask you to register. Not much new for people who track the latest and greatest sexy hot new ideas and areas. Summarizes and hugely extrapolates a lot of things discussed on CoBF too. Bitcoin. Intel & not-Intel. Tesla clearly. Genomics. Space. The Final Frontier. 8)

BTW, with all that said, if anyone wants to discuss anything selling on Late stage: https://equityzen.com/ Early stage: https://www.seedinvest.com/ https://republic.co/ https://www.startengine.com/explore feel free to post here or PM me. Although I was against discussing startups that are not publicly advertised, IMO the publicly advertised ones are fair game. 8) Disclaimer: certain investments are limited to accredited investors. Nothing posted is an encouragement to buy/sell any non-public non-listed securities, etc. This is not WSB. 8)

I disagree. I think you are likely overpaying for the private stocks on EquityZen. IMO there's tons of dot-com-again bros money sloshing around and some part of it is landing in the sexy EquityZen cos. Not to say that the early startups are cheap or without risks. There's tons of money there too. Early startups are attractive because you can learn about what good businesses are and what good management is. You can see who does what and how good or bad they are. Of course, also a lot of fun tales from the trenches for the parties (some of it how you lost your money ::) ). I recently ran some calculations on projected returns. There are very few situations that show optimistic annualized after tax return of >20%. And that's usually Optimistic with capital O. Considering that these are private companies / startups with close to zero liquidity, I am starting to strongly wonder if it's worthwhile to invest in private markets. The liquidity in public markets is quite an asset for smallish investors like us. E.g. last March was a great time to rotate into stocks that returned hugely during recovery. And the money in private cos was just inaccessible. But I guess we'll see in couple of years what results of different areas are. 8)

So basically - as usual - instead of trying to find the next WSB GME we should have bought the actual WSB GME. 8) ::) ;D

Where are you located and are flights included? Any interest in coming to St Louis if I lose? ;D Boston. Last time I visited St. Louis was in 2005. The food was good from what I remember, so I might be able to drop by. Assuming - if I lose - that I have enough money to drop by. 8)

Since I'm all for accountable predictions, I am going to offer a (value investor priced) dinner bet that SP500 will be higher in 5 years (on 2026 Jan 25) than where it is now. Don't all jump at the opportunity. Offer good for first person to bet only. I may accept or reject any additional bettors at my discretion. Which I have to say is the better part of valor. 8)

Grantham writes: Maybe he means that he made up his losses in the book of business. Since performance-wise, his sale was not great. If you look at SP500 (I'm eyeballing SPY prices), if he sold at the top of 1997, he sold at ~$97. If he rebought at the very bottom of 2002, he rebought at best at $82. I'd guess that he did not sell at $97 and he did not buy back at $82. So in essence, let's say he really called the dot com bubble. He still avoided at best ~15% drawdown to the bottom... (There's some divvies missing and perhaps he reinvested in bonds that did better than 0% cash). Not a great result if you ask me. Sure, maybe selling now is not like selling in 1997. Maybe it is like selling in late 1999. Maybe. But there's a lot of folks here who have been telling to sell since 2011 or 2014 or 2016 or 2018. Will the real top of the bubble please stand up? Yeah, maybe FAANMGs (which are a large chunk of the market) are ~20-30% overvalued (I'd argue that some of them are close to fairly valued). Yeah, if there's a crash they could overshoot down more than 20-30%. Yeah, good luck timing all that. I think you ingore the alternatives here though. He didn't sell and go to cash right? He sold and went to t-bills. So it's not that he avoided -15%, it's that he made a few % each year over the 5-year time frame his benchmark was -15%. That's a pretty big deal and the type of outperformance people pay hedge funds 2 and 20 to achieve. And you just ignored the SP500 yield that I mentioned. And you ignored that he quite certainly did not switch back at the bottom, so -15% is theoretical worst he avoided.

Grantham writes: Maybe he means that he made up his losses in the book of business. Since performance-wise, his sale was not great. If you look at SP500 (I'm eyeballing SPY prices), if he sold at the top of 1997, he sold at ~$97. If he rebought at the very bottom of 2002, he rebought at best at $82. I'd guess that he did not sell at $97 and he did not buy back at $82. So in essence, let's say he really called the dot com bubble. He still avoided at best ~15% drawdown to the bottom... (There's some divvies missing and perhaps he reinvested in bonds that did better than 0% cash). Not a great result if you ask me. Sure, maybe selling now is not like selling in 1997. Maybe it is like selling in late 1999. Maybe. But there's a lot of folks here who have been telling to sell since 2011 or 2014 or 2016 or 2018. Will the real top of the bubble please stand up? Yeah, maybe FAANMGs (which are a large chunk of the market) are ~20-30% overvalued (I'd argue that some of them are close to fairly valued). Yeah, if there's a crash they could overshoot down more than 20-30%. Yeah, good luck timing all that. Is it me or is this quite cherry picking the time interval? "Look, market exploded... well it exploded from the bottom of the COVID panic drop, but it really exploded!" Hmm, yes. BTW, both SPY and QQQ are up ~3% in 2021. That's definitely an accelerated final leg. ::)

How much of mRNA future does Pfizer own? Don't they just have a contract for Covid vaccine and the rest of the IP/future belongs to BioNtech?

Can we get WSB crowd on this ASAP? /popcorn /oomcalls /$100-makeitso

BTW, his 2M in cash is from selling his Jan 2021 calls at various times. Some close or at expiration. https://www.reddit.com/user/DeepFuckingValue/ Can be said to be reasonable strategy of taking money off the table. 8)

Guy has balls of steel, but without knowing his whole net worth, was that $50k a significant portion of his net worth, or just chump change as he is already a millionaire. Even if he's a millionaire, these are still adamantium cojones. I would not be able to do it.

WSB loves Anacott Steel. I know I repeat myself, but repetition is sincerest form of flattery.

Well, AMC peak comments were 2 days ago. Does not mean that there won't be another peak in coming days. So, yeah, one could buy AMC. I won't, since I won't invest into possible BK candidates on WSB sentiment. I may or may not buy the stocks I mentioned abovethread. 8)

I have absolutely no problems with making money this way. However, when you try to value a company you at least have some sort of anchor that you can use to a) gain confidence and b) guide your decision making. And my main gripe here is, what is my decision making process? What is my edge? How do I gain the confidence to hold? Can you quantify or qualify WSB sentiment? Put a price tag on it? Can you determine something from the chart? I had a tiny position in GME late last year (after talking about a short squeeze in this very topic) but I actually managed to lose a token amount of money on it. Why? It was going nowhere for a few days and I thought: what the fuck am I doing here? It wasn't going up anymore, so I sold. When your thesis is simply to 'join the crowd', how do you know when to buy? When to hold? When to sell? How to size your position? When to move on to the next stock? For me, these questions are basically impossible to answer, the result being that I absolutely don't see how I have an edge in trying to time and predict any of this madness. Sometimes I 'invest' a bit of play money but any serious trading expedition in names like these will end up with me doing random idiotic stuff and getting pissed off. I'm definitely not saying that it is impossible to make money in situations like this - but it seems impossible for myself without some sort of framework. I would not suggest investing this way. It might be possible to look at the list of high WSB sentiment stocks and if you see something that is attractive to you for other reasons, do DD and buy it. And maybe get 2x-5x in couple days, maybe not. Just one approach. Not advocating it. I can say that I'd never be able to hold a sizeable position of crappy stonk like GME for 10x-100x return on WSB sentiment... ::) It's hard enough to hold a small position of non-crappy stock that has gone up 10x+ and trades at ridiculous valuation. ::)

This was posted already: https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment Possible candidates: BB, AMD, F, CRSR. Others are either too big or the sentiment is not that high. FWIW.

Citron messed with the wrong people. Edit - PLTR is also up ~15% today. Meme investing beats value investing. We are Borg, we're men in tights. You killed our stonk, prepare to die!

If/when equities crash, SPACs would be way less attractive even if they dip below NAV. The only hope is that SPACs won't crash to below $9 and can be sold at small relative loss to buy great companies/stocks that have crashed more.