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05-03-2019, 09:42 AM | #2821 |
MVP
Join Date: Jan 2007
Location: Missouri
Casino cash: $-7750
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I hope some of you were paying attention to (BYND). There's a lot of emotion built into this one that might allow for some fun.
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Posts: 8,697
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05-03-2019, 09:53 AM | #2822 |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
Casino cash: $10029808
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Why are you clinging to it? It's a sunk cost, and just waiting forever on the hope that you don't lock in your loss isn't exactly the best decision to make TODAY. If you sold it, whatever, six months ago, and put the whole thing into an S&P 500 index fund, you'd have a tax loss to use again tax gains, and appreciation on the index fund. Instead, you're just chasing your tail hoping that you catch it. Why?
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"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington |
Posts: 43,125
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05-03-2019, 10:04 AM | #2823 |
I'll be back.
Join Date: Nov 2002
Casino cash: $2770478
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It's too early to dump it. Long-term play, at least until the Chinese market turns.
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Chiefs game films |
Posts: 288,699
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05-03-2019, 04:07 PM | #2824 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-109523
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I bought a shitload of KBLB years ago at.02.. Sold it at .04 bought it back at .06 sold it at .04 . so I made some then lost some. I'm too ****ing impatient.
I thought they had a great product and I got in at the beginning. They cross silkworms with spider dna and make a super strong spider silk that the military is using for ballistic vests. Stronger than Kevlar. I talked my brother into buying 100,000 shares. He's a military guy so he said hell yeah. Well he owns those shares still and I have none. Today it closed at .2499 I had like 500,000 shares at one time. ****! |
Posts: 40,651
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05-03-2019, 04:57 PM | #2825 |
MVP
Join Date: Sep 2005
Location: Austin,TX
Casino cash: $4577505
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Buy MGM Resorts International.
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Posts: 11,913
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05-03-2019, 05:01 PM | #2826 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-109523
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Posts: 40,651
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05-03-2019, 05:11 PM | #2827 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $831110
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Blue Horseshoe loves Anacott Steel.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
Posts: 52,844
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05-05-2019, 03:12 PM | #2828 |
I'll be back.
Join Date: Nov 2002
Casino cash: $2770478
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donald
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Chiefs game films |
Posts: 288,699
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05-07-2019, 02:51 PM | #2829 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-109523
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Quote:
i'D HAVE $170,000 |
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Posts: 40,651
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05-09-2019, 09:33 AM | #2830 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-8100
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Here we go!!!
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2024 Royals game thread record 3-0 |
Posts: 46,146
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05-09-2019, 09:34 AM | #2831 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-109523
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Ugh.
time to close the laptop! |
Posts: 40,651
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05-09-2019, 09:34 AM | #2832 |
Andy Reid Supporter
Join Date: Apr 2012
Casino cash: $329611
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I hope Trump figures a deal out with China tomorrow. What a damn brutal day
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Mike Greenberg@Espngreeny I can’t fathom what it must be like to be a fan of the #Chiefs. Adopt a Chief: Jared Wiley |
Posts: 48,510
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05-09-2019, 09:41 AM | #2833 |
Andy Reid Supporter
Join Date: Apr 2012
Casino cash: $329611
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I’m worried that China is going to retaliate tomorrow and **** the market
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Mike Greenberg@Espngreeny I can’t fathom what it must be like to be a fan of the #Chiefs. Adopt a Chief: Jared Wiley |
Posts: 48,510
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05-09-2019, 09:45 AM | #2834 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
Casino cash: $10029808
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Quote:
I don't see the logic here. Let's say your stock in the company is worth -- whatever - $1,000 today. It is utterly irrelevant how much you spent to GET that stock. That is where you are today. Your choices are: 1. sell, lock in the loss (which can be used to offset taxable gains elsewhere), invest in something else, or 2. hold, waiting for...something. The stock to recover so you take no loss I guess. Or less of one. Would you be better off a year from now, or ten, if you sold today, took the loss, had the tax write off, and invested in teh S&P 500 or whatever, or continued to hold this dog of a stock? The answer is likely clear. If your stock is down, whatever, 50%, then you don't need it to go up 50%, you need it to go up 100% to get back to even. What are the chances of that? Yeah, likely not good. If the odds were good it was going to go up 100%, then it's a strong buy for EVERYONE, not just a hold for you. But are people buying? Apparently not. This is nothing more than the Disposition Effect in action. https://en.wikipedia.org/wiki/Disposition_effect
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"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington |
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Posts: 43,125
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05-09-2019, 10:33 AM | #2835 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
Casino cash: $10029808
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Quote:
Guess what order just got filled at $347.94? We'll see if it takes off, or if I got a small discount on a stock on an extended spiral heading into a crash landing...
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"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington |
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Posts: 43,125
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