Gravel
Mr. Poopybutthole
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It's 2025. You expect the government to have some sort of system in place that utilizes technology? Nope they're going to call up places on a landline god damnit.
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Investing General Discussion
- Thread starter Furious
- Start date
I do not disagree with your assertion in anyway, but the issue is there's no side that would want to fix this shit process due to the initial reporting mostly favoring the party in power. Revisions usually get minimal reporting in comparison to the initial reporting outside of major outliers like this and August 2024.
Sanrith Descartes
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In before we find out Don Jr and Barron bought a shitload of the stock before the tweet.
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Sanrith Descartes
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Sanrith Descartes
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PLTR reports its first $1b quarter. Also beat estimates. Train is unstoppable.
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They used to be pretty good in the industry, but they became pretty terrible over the past 10 years or so. It also seems firm wide.
tugofpeace
Log Wizard
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UPST earnings today 8/5.
This thing touched $96 this year, dropped down to $32, and then came all the way back to ~$85 pre-earnings tomorrow. $400 stock during the pandemic.
If this is the quarter where it breaks $100.. oh lord the shorts are gonna burn.
This thing touched $96 this year, dropped down to $32, and then came all the way back to ~$85 pre-earnings tomorrow. $400 stock during the pandemic.
If this is the quarter where it breaks $100.. oh lord the shorts are gonna burn.
Asshat Foler
Chief Philosopher
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TJT
Mr. Poopybutthole
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Best 723 shares I ever bought of anything <$20 lol.
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Sanrith Descartes
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Kirun
Buzzfeed Editor
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Just a domestic spying program. Not really a big deal, bro. THE STONKS MUST FLOW!!Palantir? What's Palantir?
TJT
Mr. Poopybutthole
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Radicale
Vyemm Raider
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Sanrith Descartes
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tugofpeace
Log Wizard
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Question regarding wash sale.
Let's say you have 200 shares of a stock, at $75 and $25 cost basis. Overall cost basis is $50.
You sell all 200 shares for $60.
If you repurchase shares within 30 days, that's a wash sale, right? Since you sold the 100 $75 shares at a loss?
Let's say you have 200 shares of a stock, at $75 and $25 cost basis. Overall cost basis is $50.
You sell all 200 shares for $60.
If you repurchase shares within 30 days, that's a wash sale, right? Since you sold the 100 $75 shares at a loss?
Blazin
Creative Title
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You could specify which lot you sold, if you sold the $25 then it wouldn't be a loss but a gain. The simple way to think about it is you cant realize a loss then simply repurchase the shares in a short time frame
tugofpeace
Log Wizard
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Not sure I understand - yes, since the combined cost basis is $50 and I'm selling at $60, the overall 200 shares I sell are at a gain.
However, if I repurchase some shares shortly after, isn't it a wash sale because while the $25 shares were sold at profit, the $75 shares were sold at loss?
tugofpeace
Log Wizard
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I'm not sure if you're misunderstanding or what.. there are two lots.
100 shares @ $75
100 shares @ $25
Both lots are sold at $60.
$25 shares see a $35 profit
$75 shares see a $15 loss
Yes, overall gain will be positive ($50 total cost basis sold at $60 = $10 profit for 200 shares)
However the $75 shares were sold at a $15 loss. If shares of that ticker are repurchased within 30 days, that is a wash sale, right? Regardless of LIFO, FIFO, avg cost, etc.