Investing General Discussion

Locnar

Locnar

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Fogel said:
Next week should be crazy swings in prices as they open up more inside stock to be sold combined with their live demo day.
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I don't think any new stock opens up for trade until 3 days after their feb earnings report. I am having a hard time predicting what the stock will do at that point. I have some contracts riding on this (which I regret making, but this was back in the Fall when I was just getting into options).

A lot of people are "expecting" a dip, but what if the founders just keep their shares? If the price does not drop but instead tics up even a tiny amount, I expect a lot of "oh shit! the dip aint happening and I have to get IN NOW!!"

You know, if it does dip pre-earnings, I will probably buy more. This is my grand yolo stock and I'm going all the way.
 
Fogel

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Locnar said:
I don't think any new stock opens up for trade until 3 days after their feb earnings report. I am having a hard time predicting what the stock will do at that point. I have some contracts riding on this (which I regret making, but this was back in the Fall when I was just getting into options).

A lot of people are "expecting" a dip, but what if the founders just keep their shares? If the price does not drop but instead tics up even a tiny amount, I expect a lot of "oh shit! the dip aint happening and I have to get IN NOW!!"

You know, if it does dip pre-earnings, I will probably buy more. This is my grand yolo stock and I'm going all the way.
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Some founders will cash out for sure, happened the first time and that was only at 10, it's now over 30. The question will be are people buying more than the founders are selling
 
Sanrith Descartes

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TJT said:
What would be your next buy in price on PLTR?
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Honest answer. I don't know. We havent had an earnings report (coming next month) and the stock has only been public for about 4 months so very little technical data. And we have lock-up expiration coming a short time after earnings day. Here is the chart. I was shopping in the $18 range when it was consolidating in the low/mid 20's. Here is the quandry, its all about the earnings report. If you buy in and earnings hit a homerun this thing moons. If you buy in and earnings aren't great, you end up seriously underwater. If you wait until after earnings and it hits then you miss out. If you wait and it misses on earnings then you will see some real bargains (or not depending on the earnings). Earnings could say this is a $12 stock for now. It has a solid channel for the last 6 weeks or so. Based on this channel and without earnings and lock-up expiration, $22 would be a good entry price. the 50 DMA is $24.37 and the 20 DMA is $26.47
See what Blazin Blazin thinks.

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Fogel

Fogel

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Keystone said:
So, dumb options question. Let’s say I pay $3 a share for a call option ($300) and then let it expire in the money for a $50 a share exercise price. Does it auto buy/sell and I end up with cash or do I actually need the $5k liquid at end of contract for it to exercise and I end up with shares?
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You'll obviously need the cash in order to be assigned the shares. Whether it auto buys or not I think depends on your broker, you may have to call them to assign it.
 
Sanrith Descartes

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Locnar said:
There is something else to this too , and I think the chickens are going to come home to roost with it. There is a lot of chatter and I see a lot of eye opening due to the unemployement situation people have been on since last year. People (and they still are) have been making far more money with unemployment than they have been use to with their crappy min wage jobs. Then you add in the above and you are going to get a LOT of discontent people when they find themselves back to work as a wage slave for peanuts. I think 15 a hour is going to become national, and that still probably won't appease the masses.
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Golden rule. You can never appease the masses.
 
Sanrith Descartes

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Keystone said:
So, dumb options question. Let’s say I pay $3 a share for a call option ($300) and then let it expire in the money for a $50 a share exercise price. Does it auto buy/sell and I end up with cash or do I actually need the $5k liquid at end of contract for it to exercise and I end up with shares?
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Depending on how your platform handles it. Fidelity auto exercises any written option if it is even 1 penny in the money. For options bought, you need to let them know the day before (or that morning I believe) if you will be exercising or not. You dont get cash for an in-the-money option. You either trade it and make the cash or you exercise it for the stock. Don't let an in-the-money option just expire if you bought it.
 
Sanrith Descartes

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There is a lot of debate about PLTR lock-up expiration. The average joe employee doesnt own enough common stock to make a difference in the overall stock price. Its about the Founders and institutional investors. We dont yet know if Soros actually sold his shares or not as promised. Thiel is already a billionaire, I dont see him wholesale cashing out. Does Karp sell some stock? I am sure he does. This is his entry into the billionaires club. How much of a swing happens? we dont know. This is also a direct listing and not a traditional IPO so the comparisons aren't exact. I think the more major influence is going to be earnings.

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Locnar

Locnar

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Sanrith Descartes said:
Golden rule. You can never appease the masses.
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One quick thing to add to this thanks to Biden: Executive Order allows workers to refuse unsafe working conditions and still get unemployment.

So good luck to all the plebs who should now walk out on their walmart jobs, accept a hefty pay increase thxs to unemployment and then get rich daytrading it.

We will be hearing stories like this , trust.

"double my pay or I quit because your customers will probably give me covid"
 
Sanrith Descartes

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Locnar said:
One quick thing to add to this thanks to Biden: Executive Order allows workers to refuse unsafe working conditions and still get unemployment.

So good luck to all the plebs who should now walk out on their walmart jobs, accept a hefty pay increase thxs to unemployment and then get rich daytrading it.

We will be hearing stories like this , trust.

"double my pay or I quit because your customers will probably give me covid"
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Just like Obama and Trump, all these EOs will be challenged and sit in the courts for God knows how long.
 
TJT

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Araysar said:
yeah its probably time to start thinking about that
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Its a net tax liability reduction no matter what of insurance cost - $7100 maxmium. Might be some complicated aspects to it if your woman is at the doc constantly. If not you can build it up quickly enough. When I was at GM you needed $1k cash in the account before you could invest anything. It works like anything deposited more than the threshold is invested. My current one has a $2k threshold.

It should always be:
HSA > 401k > IRA

In this order.
 
Sanrith Descartes

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TJT said:
Its a net tax liability reduction no matter what of insurance cost - $7100 maxmium. Might be some complicated aspects to it if your woman is at the doc constantly. If not you can build it up quickly enough. When I was at GM you needed $1k cash in the account before you could invest anything. It works like anything deposited more than the threshold is invested. My current one has a $2k threshold.

It should always be:
HSA > 401k > IRA

In this order.
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Except you need to be in a high deductible health insurance plan to qualify to open an HSA, or did I miss something?
 
Khane

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You're correct, you need to be enrolled in an HDHP to contribute to an HSA.
 
Khane

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There's also that tiny issue of 401(k) plans being wildly different. My current company has probably the worst set of abysmal funds available to choose from in their 401(k) plans, offers no matching, and the plan itself has an insane maintenance fee of 2%. But that comes with the territory of being employed by a consulting firm. High salary, shit benefits.
 
Araysar

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TJT said:
Its a net tax liability reduction no matter what of insurance cost - $7100 maxmium. Might be some complicated aspects to it if your woman is at the doc constantly. If not you can build it up quickly enough. When I was at GM you needed $1k cash in the account before you could invest anything. It works like anything deposited more than the threshold is invested. My current one has a $2k threshold.

It should always be:
HSA > 401k > IRA

In this order.
Click to expand...

I dont know. Its hard to justify sloughing off $7100 into HSA, $19500 into 401K and $6,000 into IRA every year at my age with current massive market returns, even when you account for tax free savings and lowering your AGI and tax liability. Thats $33K/year that I cant access until I need medical care or I'm ready to retire without heavy penalties. Great. But what can I do with 33K in 2021 stock market?

Outside of this hospital visit to have a baby delivery neither of us had any major medical issues and we don't anticipate any in the foreseeable future (yeah yeah, anything can happen, but you could say that for anything)

Yes you can invest the funds in all these accounts but outside of retirement and medical spending you cant use it for anything else without massive penalties.
 
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