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The shorts are borrowing the stock and selling those borrowed stocks into the market. They create selling pressure when they do that.
According to this article they are not paying interest on the stocks they borrowed to short.
I don't know if that is true but if you borrow something in your account you would have to pay interest on the value of the stock at the moment you borrowed it.
A short will borrow a stock and sell it into the market. They should pay interest on the value that they borrowed. They hope to buy the stock back at a lower price sometime in the future.
If shorts can drive a stock to almost zero after they sell they do not have to cover their short position because the value is almost zero. If they never cover there is no taxable event.
As far as taxes are concerned they borrowed stock and sold. At that point there is no taxable event. When they buy the stock back they pay capital gains on the difference. If they never buy it back.. no tax.
Anything is possible. I am just giving some insight based on what the charts are offering.
Right now there is nothing on the charts stopping the price from going to $95 (ish) There is a supply zone from about 95 to about 106 give or take a couple of dollars. There could be a pullback when that price is reached. After that area is finally taken out there are no more supply zones on the chart.
I have a ton of shares and right now I am up a massive amount. There is no way I am selling anything right now. I watched the price hit the first supply zone in mid January and then drop. It was painful for me because I saw it coming but held on anyhow. I will do the same at the next supply zone. The one I just told you about.
Things are getting too close to be cute and try to make some thousands (10s of thousands) on a small pullback when the upside is almost limitless.
Look for a pullback at the $97-$105 range. From what I can see after that area there is nothing stopping price from going to new highs. Just in time for truth social to go live.
Best way to profit. Don't take the shot.
As far as insurance companies are concerned don't short them.
They will claim that the people that took the shots did so assuming all risk.
There is a big push right now to force unvaxxed to pay higher prices or being denied insurance.
That will backfire on them , wait and see
We all want them to have some ability to block. You know exactly what would happen if they did not block anything.
There is a huge difference between blocking political views and blocking people that are determined to cause harm.
Just because they are using a similar system to others does not mean they will be using it the same way.
Yes they would riot. That would be fine by those people.
The "virus" would be out of control with no cure.
How many people do you think would turn anybody in that did anything that was not approved.
President Trump's warp speed with the vaccine forced the black hats to speed up their plans.
That is what Warp Speed was all about.
It wasn't about how fast the vaccines were made. It was all about forcing the other side to move faster because they could no longer use the no vaccine available excuse to push their lock downs.
The dollar and the Federal Reserve Note (which we call a dollar) are two different things.
President Trump supports the dollar not the Federal Reserve Note.
The central bank system around the world is collapsing.
Long live the dollar
You don't really need to know a lot about crypto. You just need need to know a lot about the people that created it and/or control it.
Look beyond the words. If he didn't push the vax production we would be in lockdown for 6-8 years.
The dollar and federal reverse notes are two different things.
President Trump supports the Dollar.
Once the Federal Reverse is removed we can return to the dollar.
As far as I know you cannot break free from the system while still in it. You are supposed to report all sources of income and whatever savings you have.
Once you have any savings you do not need welfare. So the push is not to have any savings.
capital investments are taxed at a lower level than labor-based income or even self-employment...
That is the argument used to justify rising the capital gains tax.
The reality is this. The Capital gains tax is too high and "labor-based" income tax is too high.
In fact there should be no income tax at all.
If you have enough resources to invest in the markets I do not believe you can qualify for welfare.
The welfare system does not encourage savings. It encourages you to spend everything you get as soon as you get it.
The welfare system is not interested in getting people off of welfare. It is interested in keeping the system going.
Too volatile, the brokers do not want to take the risk you will not be able to cover.
It is not Robinhood. 25k for daytrading is by law. You are allowed 3 day trades within a 5 days period before your account is considered a day trader pattern account. (25k + account)
Don't forget about the risk of an overnight gap down. Price could drop below your stop loss.
The question is this. Can you handle a deeper than planned for lost on a loan? Emotionally it is not the same as a regular lost.
This is something you should plan for before taking on the risk. I know I would have a hard time with that.
Nobody can day trade more than 3 times in 5 days by law unless you have more than 25k in your account. ( That is only equity accounts, you can day trade futures and forex all you want)
Pick the right time to do this. My suggestion for the right time would be sometime after you get the $4k without a loan.
BTW at this point you cannot margin DWAC.
At the recent lows or just below.
I believe you have to hold those warrants until Sept 2022 or six months after the merger. Whichever comes first If you want to trade them in for shares.
After that time you can buy shares @ 11.50.
At least that is my understanding.