I know how this movie ends. I'm ready for the dip. Pretty bad news for my DAL calls expiring Friday though. Ah well, it was a good run.Looks like a repeat of last week is in the works with the new vaccine news - Cruise lines and airlines already up 6-8% and nasdaq red. Guess they want to try to redo the rotation into value stocks since it failed last week
Looks like I'll just keep riding my puts on PLTR AMD and SNAP this week, added puts in PINS too
I am reading a lot of filings that big money investment holdings (like Soros and some of the big pension funds) are taking sizable positions in PLTR.looks like PLTR almost hit 18 pre market. sweet jesus.
As for today, I'm praying Chinese EV hype goes up enough for me to sell most the position I got trapped in the other day.
I am reading a lot of filings that big money investment holdings (like Soros and some of the big pension funds) are taking sizable positions in PLTR.
Why do you have to pull it out? Why cant it be rolled into an IRA of your own?I've got some money in an inherited IRA (in random bad Edward Jones indexes since Mum used one of their financial advisors) that I have to pull out sometime this year, feeling like later today or tomorrow is probably as good a time as any.
Apparently they passed some new law this year that is specifically for inherited IRAs. I only have to take out like 10% of it, but it's forced distributions and can't be added to/transferred to a normal account, until it's gone. And thanks to the Rona losing me my job for most of this year, plus the 2 months of training for switching careers, my income this year is rock bottom, so a good year to just pull it all out and reinvest it in something not designed to feed fees to a financial advisor. I've got about 28k in the account, with about 8k of it being the capital gain, since Mom died and her IRA got split up during the pandemic market-dip.Why do you have to pull it out? Why cant it be rolled into an IRA of your own?
Got it. Check the Coronachan laws that got passed, I believe it might be free from the 10% distribution penalty this year.Apparently they passed some new law this year that is specifically for inherited IRAs. I only have to take out like 10% of it, but it's forced distributions and can't be added to/transferred to a normal account, until it's gone. And thanks to the Rona losing me my job for most of this year, plus the 2 months of training for switching careers, my income this year is rock bottom, so a good year to just pull it all out and reinvest it in something not designed to feed fees to a financial advisor. I've got about 28k in the account, with about 8k of it being the capital gain, since Mom died and her IRA got split up during the pandemic market-dip.
Well, that was an easy call for a 25% gain. MRNA was $77 when I posted this and it's around $100 today after they posted their efficacy. Might bump a little more or more likely will settle lower by the end of the week. All their preclinical data was really similar to Pfizer and they use using a similar delivery platform so this was fairly predictable. Between Pfizer and Moderna (+ maybe Astrazeneca) if you own all 3 you can just wait for EUA to get issued within a couple months and probably get another payoff when one or more gets selected. A little more risk there since the safety profiles might prevent EUA but I think that's unlikely.Moderna will likely be reporting efficacy data soon for its COVID vaccine. If you feel like gambling, this could really swing things up or down in the coming days (weeks?) depending on their efficacy numbers. All their data so far has looked great, but with such an early readout from a small number of positive cases (probably less than 100), a few patients can really affect the protection numbers. They'll be shooting for at least 90% since Pfizer kind of set the bar high. I can't remember if the testing criteria are different for the Moderna vs Pfizer trials.
Moderna completes case accrual for interim analysis
Sweet jeebusIt has been announced that TSLA is to be added to the S&P500 as of December 21st.
Shares are up 9% on the news after-hours.