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#3,502
#3,502
What's funny with KTOV, is that I literally just put my trailing stop in for 20 points and then 5 min later, I get the notification that it sold lol. I believe in the stock, so I'm a little bummed to be out, but I won't complain about 70% profit.

Anyone else in KTOV?
 
#3,503
#3,503
Carp said:
What's funny with KTOV, is that I literally just put my trailing stop in for 20 points and then 5 min later, I get the notification that it sold lol. I believe in the stock, so I'm a little bummed to be out, but I won't complain about 70% profit.

Anyone else in KTOV?
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I was but I took the 45% and learned my lesson
 
#3,504
#3,504
Orange_Vol1321 said:
👀 are on it now. 15,500 shares @.009 😎




Also hired a guy from Amazon for the ad isory board.





Edit: The NYT doesn't mention uvc as a disinfectant but I wouldn't expect them too considering they all pushed back on Trump when he mentioned it. Fact of the matter is NY is disinfecting buses with these lights.
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👀

 
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#3,506
#3,506
[VIDEO=]
Thunder Good-Oil said:
Maybe he holds BA in a taxable account, sits on gains, and would like it to be in a tax deferred account. Can't move it over without selling, paying capital gains taxes, and reestablishing in the tax advantaged account.
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If i took my 401k in a fund and withdrew it to move over to my trading account to purchase BA. Wouldn't I be taxed on the withdrawal and then taxed on capital gains once I used it?

[/VIDEO]
 
#3,507
#3,507
Thunder Good-Oil said:
Maybe he holds BA in a taxable account, sits on gains, and would like it to be in a tax deferred account. Can't move it over without selling, paying capital gains taxes, and reestablishing in the tax advantaged account.
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Possible. Not clear to me.
There might be buying opportunities at prices considerably lower than the current price.

I bought some near $105, and sold half of it at $193. I will buy more if it drops to $120.

I do believe they are a poorly run company.
 
#3,508
#3,508
LIvol said:
[VIDEO=]

If i took my 401k in a fund and withdrew it to move over to my trading account to purchase BA. Wouldn't I be taxed on the withdrawal and then taxed on capital gains once I used it?

[/VIDEO]
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You’d be triple taxed IMO. Early withdrawal penalty, it’ll count as income (taxed again) them capital gains tax.
 
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#3,509
#3,509
LIvol said:
[VIDEO=]

If i took my 401k in a fund and withdrew it to move over to my trading account to purchase BA. Wouldn't I be taxed on the withdrawal and then taxed on capital gains once I used it?

[/VIDEO]
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If I understand, your 401k is now in a mutual fund. If you control your 401k you can sell the mutual fund, and the money will go to a cash account(near cash) which is typically a money market fund. Then buy the stock with those funds.
If your 401 k is at your current job You might be stuck with what they offer, and that seldom includes the ability to buy individual stocks.

Sorry if that is not clear.
 
#3,510
#3,510
Orange_Vol1321 said:
👀

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Hope it goes for ya buddy! I was thinking about it today, but didn't pull the trigger. It's barely moves all day, so I may still get in tomorrow, but I don't have any settled funds at the moment and nothing else I want to get rid of.

My sub penny stock I'm going to ride for awhile is Appswarm. I like the potential here with very low risk. 30k shares.
 
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#3,512
#3,512
Thunder Good-Oil said:
Maybe he holds BA in a taxable account, sits on gains, and would like it to be in a tax deferred account. Can't move it over without selling, paying capital gains taxes, and reestablishing in the tax advantaged account.
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Do you think we get a buying opportunity in financials after the stress test results this afternoon?
 
#3,513
#3,513
TheColdVolTruth said:
Do you think we get a buying opportunity in financials after the stress test results this afternoon?
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I'm afraid that I've not been following sectors real closely lately, so I can't say if I believe the financials are toppy or not. There are a lot of names that I'm interested in adding at some point. Health Care and Financials are always my favorite sectors. High tech also. Industrials and Transportation has-been kind of boring for some time, but I think they'll do well as government stimulus gets deployed for several years. I used to really like the broadcast/advertising industry but just a handful of huge tech companies are now taking those dollars.

Electronic banking and transaction tech will be viable businesses for a long time IMO. I'd actually include Apple to be in that space. I don't like Facebook's approach so much, but I don't think it's a bad stock to own.
 
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#3,514
#3,514
Volbucky said:
You’d be triple taxed IMO. Early withdrawal penalty, it’ll count as income (taxed again) them capital gains tax.
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The capital gains tax would happen if he bought stock and sold it for a profit. If he sold it for a loss it would be a capital loss. Capital gains are offset by capital losses. Net Capital losses up to $3000 can be taken on form 1040 to offset income. Any amount greater than $3000 can be carried forward.
 
#3,516
#3,516
Thunder Good-Oil said:
I'm afraid that I've not been closely following sectors real closely lately, so I can't say if I believe the financials are toppy or not. There are a lot of names that I'm interested in adding at some point. Health Care and Financials are always my favorite sectors. High tech also. Industrials and Transportation has-been kind of boring for some time, but I think they'll do well as government stimulus gets deployed for several years. I used to really like the broadcast/advertising industry but just a handful of huge tech companies are now taking those dollars.

Electronic banking and transaction tech will be viable businesses for a long time IMO. I'd actually include Apple to be in that space. I don't like Facebook's approach so much, but I don't think it's a bad stock to own.
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Tech and health care are my two main sectors.
Idex, dkng, shop, tsla , sq, aapl, tech and electric vehicles.
Dxcm, endp, NJ, mrna, regn -drugs largest holdings
Only pure financial is wfc.
 
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#3,517
#3,517
Thunder Good-Oil said:
I'm afraid that I've not been closely following sectors real closely lately, so I can't say if I believe the financials are toppy or not. There are a lot of names that I'm interested in adding at some point. Health Care and Financials are always my favorite sectors. High tech also. Industrials and Transportation has-been kind of boring for some time, but I think they'll do well as government stimulus gets deployed for several years. I used to really like the broadcast/advertising industry but just a handful of huge tech companies are now taking those dollars.

Electronic banking and transaction tech will be viable businesses for a long time IMO. I'd actually include Apple to be in that space. I don't like Facebook's approach so much, but I don't think it's a bad stock to own.
Click to expand...

I think the banks are getting to a point that if you don't like them at this level, you're never going to like them. There will be headwinds for sure, but I think the stress test results could actually be a positive in the near term when it is fully digested. There may be some choppy trading in the near term, but I think we look back at these levels in five years shaking our heads.

Facebook may offer a great entry very soon if they don't stop hemorrhaging advertisers. The FB boycott was all fun and games until VZ announced they are pulling ads from the platform. That's a large customer to lose. I like Zuck's approach to the censorship issue, but Dorsey is winning the pr on that front. It will be interesting to watch it play out.
 
#3,518
#3,518
Go aeiou said:
The capital gains tax would happen if he bought stock and sold it for a profit. If he sold it for a loss it would be a capital loss. Capital gains are offset by capital losses. Net Capital losses up to $3000 can be taken on form 1040 to offset income. Any amount greater than $3000 can be carried forward.
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Fully aware of capital gains taxes unfortunately
 
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#3,522
#3,522
Volbucky said:
Fully aware of capital gains taxes unfortunately
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Ha, I sold 20,000 shares of a failing bank stock for $3/share. My basis was $14/share.
That was about ten years ago, and I'm just now using up my loss carry forward.
Why I still hate the big banks, and their sub prime lending practices.

I should have been more clear. I quoted you, but I was addressing llvol's statement about capital gains. He seemed to imply that he would owe cap gains when he spent the funds.

At any rate cashing in a 401k is not the thing to do unless you qualify for a hardship withdrawal and have to. Even then Filing bankruptcy might be a better choice.
 
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#3,523
#3,523
Play with a 401k inside the 401k. Taking it out is asking for problems. I rolled over an old 401k IRA into my current 401k and the IRS sent me a notice a couple years later that I owed them $10k in interest and penalties. And that was a transfer that I had all my ducks in a row. They watch retirement accounts like a hawk.
 
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