patrick.net

yeah - this selloff is hard to understand.

Straw Man says

I'll help you to make it disappear.

What are you going to do? Ask it out on a date?

I'm no expert and don't have access to the bid/ask stack at the close but it looks like a seller came in at 3:50 with say 50,000 shares and the market maker took the bid under $20, which triggered standing stop-losses into the close.

I can't day-trade anymore so just got stopped-loss out of my AAPL -- l bought at $110 sold at $143; I've made worse trades.

The BAC-L has been a fucking monster since I bought a month ago:

Gotta like getting 6% yield on a blue-chip like BAC. The main downside is I guess the appreciation is capped at $1300, since that's what these preferred shares will liquidate into (20 shares of common at ~$65 each).

the upside is that as long as the common stays above $0 and under $65, it's a bond basically. Back Jan-Feb 2009 BAC-L was trading at $300 . . .

OUCH! -10.34% today.

Buy more or run for the hills?

I've owned for nearly a year and back where I started as of today.

just_passing_through says

I've been looking at it off and on every since you mentioned it....

I looked too, but coal has a number of problems. "Where your treasure is, there your heart will be also." I prefer not to invest in companies whose profits depend so heavily on abusing workers and the environment. Even setting aside the question of climate change, look at the rivers poisoned with coal ash and acid rain. Big institutions divesting might make coal stocks comparatively cheap based on dividend yield, but natural gas, solar, and wind are encroaching on the core utility markets for coal. It's like investing in a tobacco index: everybody wants their investments to go up, but do you really want to put yourself in a position where you hope more people smoke, just to boost your investment?

Let's see if the prosecution wants to waste more money and time on another trial.
They stacked the jury with white people and still couldn't get a conviction. It doesn't look good for anything other than a repeat. But the butthurt and politics are strong with this case. They'll probably retry it.

Whether he's guilty or not, these women waited too long to come after him. It's not like they were under age and had fear of prosecuting an adult, they were adults themselves. Unless you have cold, hard evidence, it's too late.

To brush up on my knowledge of hung juries, I watched this movie:

"Lovely Jello jigglers," smirked the defendant.

You does what you does to get your pudding!

If you had stuck to your typical "You little shit" no one would have noticed and all this could have been avoided...

censorship directed at me, oh no only the left can censor and kick people out-who dare calls me out.

Dan8267 says

The real answer is deep learning and A.I.s that act as moderators.

Or you cna work on yourself. I don't have anyone on ignore or never hit the ad hominem button. if I feel like responding, I will. if not I move on- if soemone bugs me on an anonymous internet forum-oh well-they ain't family-watch TV instead!

lostand confused says

That is your definition.To others it may be the reverse. You of all people should not be talking about nuances.

wtf. You don't get to make your own defintion. You've been listening to Kellyanne a bit too much--there is no such thing as alternate facts. There is right and wrong.

lostand confused says

Dan8267 says

The real answer is deep learning and A.I.s that act as moderators.

Or you cna work on yourself.

You could be a perfect human being. Trolls will still ruin your conversations with others if allowed. The defects of trolls do not reflect defects of their victims.

lostand confused says

if not I move on-

You can, of course, ignore the spread of misinformation. The price of choosing to ignore rather than discredit misinformation is that about once a century you get a Hitler that murders millions of people after rising to power on the popular tide of misinformed people. This is why misinformation is bad and it affects you even if you don't read it or participate in the political discussions. It's not a good thing for the general public to be misinformed.

That depends on when you get back from Vladivostok. ..
Dan8267 says

A black man lynched after being falsely accused of raping a white woman? Could that even happen in America?

No one speak to me,I will be offended.

Drug dealer! lol

BlueSardine says

That depends on when you get back from Vladivostok.

You're thinking of Trump.

Fucking a garbage can is a "thing" now?

joeyjojojunior says

wtf. You don't get to make your own defintion. You've been listening to Kellyanne a bit too much--there is no such thing as alternate facts. There is right and wrong.

LOL-republicans bad, dems good-anything else is crazy to you.

Fucking a garbage can isn't half bad. It's licking it to get it aroused that really sucks.

Do you have any Love Knocks in your trench coat?

Ceffer says

Fucking a garbage can isn't half bad. It's licking it to get if aroused that really sucks.

No, you're thinking of Hillary Clinton.

I don't quite get the tax complication ? Do you do your own taxes?

I don't need any of them.
"I high on life."

Goran_K says

Quigleys personal character.

Patnetters have no character!

just_passing_through says

I've never sold a house so far and have just been a purchaser. Does anyone know if its true that when you sell a house the profits are not capital gains; they are regular income? A mix of both?

If it's your primary residence, you pay no taxes on capital gains up to $250,000 if single and $500,000 if married.

If it's a rental, you pay capital gains taxes on every dollar of profit (minus carried over loses, sales related costs, etc)

Otoh, all will be forgiven with the forecast of another successful stockpick.
Capitalism. Don't you just love it?

jazz music says

The definitive explanation of why you should ignore talk radio addicts here and everywhere else you may go.

Actually, no. This is not a reason to ignore idiots and the falsehoods they spread. It's a reason to force those idiots to bear the consequences of their mistakes or lies. The wildebeest who kept saying log should have been made to walk on the "log". Similarly, the idiots who say climate change isn't happening should be made to pay for the costs of climate change.

The problem with ignoring idiots is that they get more and more power the more they are ignored instead of opposed. Then you get a Hitler, an idiot who kills millions, because rational people just chose to ignore the problem while it was small and solvable.

Idiots are problems. Ignoring problems is never the answer. Ignored problems fester and grow. They become big problems.

SubOink says

I don't quite get the tax complication ? Do you do your own taxes?

MLPs are odd beasts in that you become a part business owner wrt income etc.

"The K-1s I receive for holdings in my IRA I typically file. It's a round file on the floor next to my desk that Waste Management conveniently picks up each week. Not much hassle there. Should I exceed the $1,000 UBTI limit in a single IRA account (unlikely), and my broker fails to send me the appropriate 990-T form (not really sure how likely since it's never happened), and I get audited (has also never happened), and the auditor notices the lack of a necessary 990-T form reporting UBTI (hard to notice what is not there, but I guess that's what they get paid for), if all those happen together, I guess I will just have to pay the fine."

https://seekingalpha.com/article/882601-dont-be-afraid-to-put-mlps-in-your-ira

I tried fucking a garbage can earlier today. Totally unsatisfying!

Booger says

I tried fucking a garbage can earlier today. Totally unsatisfying!

That's what everyone says about Ann Coulter.

eBay started by selling Pez dispensers, Maybe PatNet's claim to fame will become illegal sales of prescription medications.

Do you have your malpractice policy up to date, in case whoever receives and takes the medicine has an adverse reaction?

This is rather obvious, which leads me to conclude ..

https://patrick.net/1307352/2017-06-17-i-have-to-legally-sell-30-doses-of-sealed-150mg-lovenox-that-expires-on-1-18-expensive-drug?c=1420344#comment-1420344

anonymous says

I would like to see the statute or guidelines that cause you to believe you have a "legal" ground to sell this unused prescription.

just_passing_through says

I've always done my own taxes. Sort of a control freak in that way I guess.

I get it - my version is that I do my own bookkeeping with QB's for personal and Corp. But then I send that file off to the accountant who handles the rest and together we discuss financial moves forward. Accountant sends me back the finished return for review and done. I can highly recommend using a pro for this as it can be crucial. That is if you have somebody good.

I think that's very good advice. I should probably pony up for some pro-tips. I'm not a kid anymore and can afford it....

Credit where it's due, you did warn about this issue, but on a shorter timeframe. I commented in a different thread about the latest report, will copy&paste here:

“If they can get you asking the wrong questions, they don't have to worry about answers.”

In America, neither major party has provided any useful answer to the question that matters: how to manage the climate.

"Seventy-four percent of the world's population will be exposed to deadly heatwaves by 2100 if carbon gas emissions continue to rise at current rates, according to a study published in Nature Climate Change. Even if emissions are aggressively reduced, the percent of the world's human population affected is expected to reach 48 percent."

Democrats propose spending vast fortunes on corrupt patronage networks, basically expanding and exploiting the issue rather than addressing it. Their proposals would transfer enormous wealth away from advanced countries that could actually develop climate management systems, empowering instead backwards religious kleptocracies and kickback schemes.

Republicans tend to deny climate change, so the argument tends to stay there.

Even among many independents, e.g. the green party, the issue seems tinged with anti-capitalism, white guilt, patriarchy-bashing, and original sin. Geo-engineering is derided as further man-made interference with mother nature.

"Everybody Talks About the Weather, But Nobody Does Anything About It."

I don't see the point of obsessing over future climate without proposing any realistic way of managing it.