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10-18-2018, 06:54 AM
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#101
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Thinks s/he gets paid by the post
Join Date: Nov 2015
Posts: 2,691
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Uh, oh.... not sure how much he still has, but someone's going to have problems with their ACA subsidy
Quote:
Originally Posted by Fermion
If they get bought I hope it is for something around $1.5B which would put the shares at $20 each and give me some extra money to pay taxes.
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Guess you got your wish and then some - nice call!
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10-18-2018, 07:59 AM
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#102
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,857
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This proves that dumb luck can pay off.
Fermion, thank you!
__________________
Eat, Drink and Be Merry.
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10-18-2018, 08:03 AM
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#103
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,005
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I still had 6000 shares plus 200 shares in my Robinhood account (will post about that major win in a sec).
I am on cloud 9 right now but realize that $24 a share is only $4 more than recent highs. I bought 200 shares in Robinhood in the $17 area last month when it dropped after the offering at $18.50. It dropped last week to $15 so there was meat on the bone.
Nice to wake up today to a $48,000 gain in one's trading account though. I think I will not make out this well ever again ($330,000 total gain on a $45,000 investment in about a year).
And yes, the ACA subsidy is in a bit of trouble. I have realized gains this year already of $170,000 in taxable even without selling Endocyte. I think the deal might not close until 2019 so maybe could put off the extra gains to next year?
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10-18-2018, 08:18 AM
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#104
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,005
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Quote:
Originally Posted by tulak
This proves that dumb luck can pay off.
Fermion, thank you!
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Dumb luck indeed! How many of those options did you purchase? 18,000% gain? Dang you are going to get investigated by the SEC
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10-18-2018, 08:37 AM
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#105
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,857
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Not enough!
The result looks way better than it actually is. I bought 12 contracts a couple of weeks ago that expire 10/19. I started selling them earlier this week, figuring something is better than nothing, and was left with only 2 contracts yesterday that I couldn't sell. I sold the other 10 for pennies on the dollar and today I'm very lucky nobody wanted the last 2 contracts.
We're talking very small dollar amounts, but more than enough to fund my beer fund for the year.
It was by chance that I even bought any contracts. I finally funded my RH account and started playing around with ECYT contracts. I was just having a little bit of fun getting used to the platform. Not a bad start!
__________________
Eat, Drink and Be Merry.
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10-18-2018, 12:03 PM
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#106
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Dryer sheet aficionado
Join Date: Nov 2012
Posts: 37
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Great call, Fermion. I watched your posts on this way back, but didn't have the guts to do it myself. It's nice to see folks hit 'em every once in a while.
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10-19-2018, 10:53 AM
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#107
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Recycles dryer sheets
Join Date: Apr 2013
Posts: 127
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Way to go Fermion! This put you firmly on top of the 'Beat Boho' contest for now. Hard to believe it was just a year ago we were talking about the great gains made when it got to $5/share!
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12-26-2018, 12:04 PM
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#108
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gone traveling
Join Date: Dec 2018
Location: Little Rock
Posts: 6
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Question - I had a few shares of ECYT, I just noticed that my brokerage account shows them all as being sold on Dec 24 for $24. Why is this? I didn't ask for them to be sold, and I assumed the acquisition would just show up as me receiving X shares of NVS for each share of ECYT I held. Is that not how it worked? I wasn't expecting to have end-of-year cap gains from ECYT, now it seems I do...
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12-26-2018, 12:23 PM
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#109
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,005
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Yeah well, they got bought out, not shares for shares.
I took all my gains this year 2018 anyway so I can start fresh in 2019 and maybe get a ACA subsidy.
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12-26-2018, 12:31 PM
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#110
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gone traveling
Join Date: Dec 2018
Location: Little Rock
Posts: 6
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Thanks for the info. Looks like there was no way to avoid seeing a cap gain on ECYT this year (good problem to have!)
And, thanks for the original tip! I bought into ECYT based on this thread (and, of course, subsequent research of my own).
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12-26-2018, 12:42 PM
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#111
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,008
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Quote:
Originally Posted by Fermion
Yeah well, they got bought out, not shares for shares.
I took all my gains this year 2018 anyway so I can start fresh in 2019 and maybe get a ACA subsidy.
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We are looking forward to hearing of more success, and of course the ideas you generate.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
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12-26-2018, 02:54 PM
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#112
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Thanks Fermion ! Your tip gave me a nice Christmas bonus.
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