What Is Elio Stock Trading For Today?

[bowers baldwin]

Elio stock closed Thursday 2-25 at $21.00 and 3,172 in volume.
Elio stock closed Friday 2-26 at $35.00 and 3,234 in volume.
Elio stock closed Monday 2-29 at $50.00 and 3,327 in volume.
Similarities in the last three days must mean something to somebody.
Any thoughts?

Means I get my Elio for free?

 

[Marshall]

Elio stock closed Thursday 2-25 at $21.00 and 3,172 in volume.
Elio stock closed Friday 2-26 at $35.00 and 3,234 in volume.
Elio stock closed Monday 2-29 at $50.00 and 3,327 in volume.
Similarities in the last three days must mean something to somebody.
Any thoughts?

Demand exceeds supply for the moment. Share Volume steady at ~3,000 Out of over 2M shares issued and 10M authorized. Price escalating. $volume Th ~$60K, Fri ~$100K. Mon ~$150K

The market will find a balance, but not before some drastic swings.

 

[LillyMayPatterson #1685 & #5648]

Symbol Price % Chg $ Volume Share Vol Trades

Advancers

• ZODFF 16.08 60,260.36 13,668 850 1
  TENG 1.12 93.10 2,736 2,443 6
  ELIO 40.00 90.48 129,360 3,234 35
  TUAA 4.95 86.79 495 100 1
  RXSF 2.20 69.23 29,355 13,343 36
  AJGH 8.25 65.33 4,249 515 6
  PUBC 3.00 56.25 300 100 1
  PGTK 1.25 54.13 7,000 5,600 5
  HISP 1.00 42.86 200 200 2
  SRWRY 3.83 42.38 383 100 1

 

[RUCRAYZE]

Boy are we ever screwed investors !!!, pass me a cigar!

 

[bowers baldwin]

Boy are we ever screwed investors !!!, pass me a cigar!

 

[RUCRAYZE]

View attachment 8570

FOTFLMFAO!!!

 

[Norahsbed]

For all who have or are considering selling their stock, keep in mind the capital gains tax. Not sure what the tax is these days, as I haven't bought or sold anything outside the 401k in years. If I remember it used to be 15% on long term (anything held for more than 12 months) and 25% on anything held less than 12 months.

Anyone who cares to correct this if it's wrong please do so. I would look it up but I spent most of the morning on IRS.gov preparing our taxes and just can't bring myself to go back on again today. And "NO!" I'm not done yet!

 

[Elio Amazed]

For all who have or are considering selling their stock, keep in mind the capital gains tax. Not sure what the tax is these days, as I haven't bought or sold anything outside the 401k in years. If I remember it used to be 15% on long term (anything held for more than 12 months) and 25% on anything held less than 12 months.

Anyone who cares to correct this if it's wrong please do so. I would look it up but I spent most of the morning on IRS.gov preparing our taxes and just can't bring myself to go back on again today. And "NO!" I'm not done yet!

Just thought I should add, for those that didn't know...
As late as a few years ago the proceeds from the sale of common stock was not subject to federal income tax.
So, if that's still the case, for most of us the 15% capital gains tax is a bargain.
The trick is whether the price will stay high in a year's time or not.

 

[Elio Amazed]

There is a second basic way to make money with stocks.
To the best of my understanding, it is "shorting" a stock.
An investor calls a broker. He wants to secure an option on a set # of shares.
The broker gets him the option on those shares from someone who owns the shares.
Essentially, the investor has not yet paid for those shares, but they are "loaned" to them.
The investor simply either has to pay for them or give them back by a certain agreed upon time.

However, the investor can sell them at the current market price while they are "loaned" to them.

So...
If the investor feels that the stock price is about to plummet...
They'll option and sell let's say, 100 shares @ $100 a share.
They have $10K in their hand from the sale at that point, right?
The stock plummets to $10 a share.

The investor then spends $1K and buys back 100 shares of the same stock.
They then return 100 shares to the party that they optioned the original 100 shares from.

How much money does the investor have left in their hand from all this?

If I'm wrong about any of this (and I very well could be) please correct me.
But this is my basic understanding of shorting stock.

We're talking 9K minus $2.25K in capitol gains tax = 6.75K in pure profit.
For betting that a stock will go down instead of up.

The risk, of course is that the stock will go up instead of down.
Then the investor will have to either pay for the original shares @ the higher market price...
Or, buy shares @ the current higher market price in order to replace those that they had sold.
Either way, whenever the investor sells the optioned stock and the price goes up, the investor loses.

 

[bowers baldwin]

Strap in kids, here we go again...