Originally Posted by Discuss Thrower:
It looks more like a desperate company.
It could possibly be a real company, but their numismatic move makes it clear that they're a company without an idea or a product. They're just some guys looking for an opportunity if it's real.
If it's not real, it's some rich guys who are using it to shield money from taxes. [Reply]
Originally Posted by Rain Man:
It could possibly be a real company, but their numismatic move makes it clear that they're a company without an idea or a product. They're just some guys looking for an opportunity if it's real.
If it's not real, it's some rich guys who are using it to shield money from taxes.
Looks like a pump and dump.
Check out Investorhub some of the comments pretty much state this.
Originally Posted by scho63:
If you paid $4.36 for a single CALL option contract, which equals $436 for controlling 100 shares and the stock is roughly $18.20 today, if the stock goes to $23-$24 within the next 6 months, you will double your money.
Why? Because the option would be around $8-$8.50 as you would be much closer to the $30 strike with plenty of time left.
Make sense?
So I'd have a year in that scenario for the stock to hit $24. And if at that time I wanted, could sell that option and make about $450? It doesn't have to reach the strike number? [Reply]
Originally Posted by lewdog:
So I'd have a year in that scenario for the stock to hit $24. And if at that time I wanted, could sell that option and make about $450? It doesn't have to reach the strike number?
You would have one year until expiration to get closer to the strike price PLUS the premium you paid but as the option get's closer and closer to expiration, the time premium begins to disappear. If you are way "OUT of the money", the value begins to drop.
If the stock popped up $3-4 in the next two weeks and the call option jumped to $7.50- $8.00, you an sell at any time.
Also, options have ONE DAY SETTLEMENTS. You buy it today, you need the money available in your account by tomorrow. When you sell, the money is available the next day. [Reply]
Originally Posted by Amnorix:
You may already know all this, but perhaps not, or perhaps someone else doesn't:
Can I ask if you have a 401(k) option? Especially one that has matching? You don't even have to answer -- just let me say that any kind of matching is FREE money, and you should take it.
Even if there is no match, you should invest in the 401(k). Here's why.
Example A (no 401(K) being used):
Gross pay of $2,000 (other than non-tax deductions like health insurance etc). State and federal taxes reduce that by, say, 20%. Take home $1,600.
Example B (with 401(K):
Gross pay of $2,000 (other than non-tax deductions like health insurance etc.). Put $200 per week into 401(k). Gross pay now $1,800. Pay 20% ($360), so take home is $1,440.
$1,440 plus the $200 in the 401(k) is $1,640. You're $40 ahead.
But here's the real kicker-- the $40 grows tax free in whatever investment you put it in.
You basically can't beat tax-free deductions plus tax-free growth compounding over time. It along with home ownership are the two easiest paths to building wealth in the U.S. due, largely, to our existing tax laws.
So any extra money I want to save should be put in my 401k? [Reply]
Originally Posted by RunKC:
So any extra money I want to save should be put in my 401k?
Yeah, if you don't think you're going to need it for something like a house. You want to delay taxes as long as possible and also pay those taxes when your income is lower (presumably post-retirement). [Reply]
Originally Posted by RunKC:
So any extra money I want to save should be put in my 401k?
I'd say yes, once you have a sufficient rainy day fund. Why?
1. the money you put into the 401(k) doesn't count as income in the year that you make it.
2. it grows tax deferred. So any trades, any dividends, any anything, is tax free until you start taking withdrawals.
The trick is you can't take it out anytime soon, so it is NOT where you want to put money that you might need later to, whatever, buy a house, an engagement ring, a car, etc. But yeah, other than that, 401(k) is a great place to save. [Reply]
Originally Posted by Rain Man:
I hope it goes back to $0.03 for you. You'll be lighting cigars with $100 bills.
Just bought a position in UBQU
They are a MJ company based in Colorado. Sales have been increasing and they have a lot of new products coming down the pipeline.
It has went up a lot recently but should be one of those 100 times return stocks if you hold it for the long term (1-2 years).
I have been following the MJ stocks for a long time now-most are pump and dump. So it was nice to find one that actually is selling products not shares. [Reply]
Originally Posted by Halfcan:
Just bought a position in UBQU
They are a MJ company based in Colorado. Sales have been increasing and they have a lot of new products coming down the pipeline.
It has went up a lot recently but should be one of those 100 times return stocks if you hold it for the long term (1-2 years).
I have been following the MJ stocks for a long time now-most are pump and dump. So it was nice to find one that actually is selling products not shares.
