Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
BCM
User Panel

Site Notices
Page / 1719
Link Posted: 4/28/2021 11:11:23 AM EST
[#1]
Would be great to  put the $23-$24 trading range permanently in the rear view mirror.
Link Posted: 4/28/2021 11:12:19 AM EST
[#2]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By bayoushooter:
Smokey's 1200 hours update:

https://i.imgur.com/cbvkt9Z.jpg

3.77 million returned.

ETA: then he added this
View Quote


Would ne nice if they GTFO completely, but I don't see that happening.
Link Posted: 4/28/2021 11:12:53 AM EST
[Last Edit: UTex86] [#3]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By bayoushooter:
Smokey's 1200 hours update:

https://i.imgur.com/cbvkt9Z.jpg

3.77 million returned.

ETA: then he added this
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By bayoushooter:
Smokey's 1200 hours update:

https://i.imgur.com/cbvkt9Z.jpg

3.77 million returned.

ETA: then he added this
4.66 million now. Hold!


Interesting.

Makes me wonder if someone got tipped off about something.
Link Posted: 4/28/2021 11:14:57 AM EST
[#4]
Assuming mvis is victorious over the shorts, and the dust settles... is it public knowledge how much of a loss the shorts take or would it just be speculation?  

Would be icing on the cake if mvis goes to Uranus and brings down a few shitty hedge funds along the way
Link Posted: 4/28/2021 11:15:39 AM EST
[#5]
When I finally do end up selling down the road, can I take all that money and park it in a ETF for a year to avoid STCG tax?
Link Posted: 4/28/2021 11:15:52 AM EST
[#6]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:
Would be great to  put the $23-$24 trading range permanently in the rear view mirror.
View Quote
Be careful what you wish for
Link Posted: 4/28/2021 11:17:04 AM EST
[#7]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By FannyPackZach:
When I finally do end up selling down the road, can I take all that money and park it in a ETF for a year to avoid STCG tax?
View Quote


That's the taxable event. So no.
Link Posted: 4/28/2021 11:17:09 AM EST
[#8]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:
Would be great to  put the $23-$24 trading range permanently in the rear view mirror.
View Quote

Attachment Attached File
Link Posted: 4/28/2021 11:17:46 AM EST
[#9]
Link Posted: 4/28/2021 11:17:52 AM EST
[#10]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By FannyPackZach:
When I finally do end up selling down the road, can I take all that money and park it in a ETF for a year to avoid STCG tax?
View Quote


Taxes apply at the date of selling MVIS. It doesn't matter if you reinvest it.
Link Posted: 4/28/2021 11:20:44 AM EST
[#11]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Speedie:
Be careful what you wish for
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Speedie:
Originally Posted By apexcrusade:
Would be great to  put the $23-$24 trading range permanently in the rear view mirror.
Be careful what you wish for


Link Posted: 4/28/2021 11:24:01 AM EST
[#12]
Sliding back a bit.

Must be them bull titties.


Link Posted: 4/28/2021 11:27:39 AM EST
[Last Edit: TheTech-1] [#13]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:


I do keep an eye on the amount shown under 'available funds for trading',   sometimes but I've never noticed any day trading complications.   I also have TDAmeritrade and think their platform is awesome.   I have 2 cash accounts, my ROTH and my wife's IRA there, all linked together so maybe they give me a pass.
View Quote

There should not be any pass. The 25k limit for 3 day trades had been around for a long time. It is not something a broker has leniency in enforcing. It is SEC/FINRA. Every single broker will limit your account if under 25k and being flagged as PDT. And that should/would be enforced per account.

ETA- For clarification the link is simply for convenience from the broker to you. If there is a separate account number then they will all be treated as such, separate accounts and all subject to the 25k rule.
Link Posted: 4/28/2021 11:29:11 AM EST
[Last Edit: m3tric] [#14]
Short interest over last several months

Link Posted: 4/28/2021 11:29:21 AM EST
[#15]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By FannyPackZach:
When I finally do end up selling down the road, can I take all that money and park it in a ETF for a year to avoid STCG tax?
View Quote

No, there is no timeframe in between trades to float money to another investment or trade. Once the transaction is completed it is taxable if it is in a cash account (non ira)
Link Posted: 4/28/2021 11:36:23 AM EST
[Last Edit: bayoushooter] [#16]
Smokey's 1230 update:



This is showing they are up to 4.66 million returned today with about 340K going out.
Link Posted: 4/28/2021 11:36:24 AM EST
[#17]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By packsker:
https://i.imgur.com/3FxuhYY.jpg
View Quote



Link Posted: 4/28/2021 11:37:29 AM EST
[Last Edit: Osprey61] [#18]
Can't watch the price action, it's just makes me angry at what this country has become. This is bald-faced manipulation, and I don't care how you rationalize it, we've become too weak to address the problem...or we have a very serious problem with a casino-mentality about the market developing in our younger investors.

Anyway...important stuff. Good conversation about the resolution point cloud coming in well under what we know the Lidar is capable of generating. It caught some people off guard this morning, but I'd forgotten Sumit had already talked it. The take-away is fairly profound.

"...the highest resolution point cloud at 10.8 million points per second while operating at 30 hertz ..."

Some people already mentioned that earlier a point cloud of approx 20m points per second was communicated.

But:

In the previous CC Summit told that they lowered the framerate to reduce necessary computing power and to make it more easy to syncronize our lidar with existing camera sensors.

So, earlier, our scan rate had higher FPS. So, if we double the framerate from 30Hz to 60Hz, the total amount of collected points per second would also double. Approx 21,6 million points.

I understand that the lower point cloud per second is not because of a restriction of OUR Lidar but rather that it has been tuned down to a 30Hz-10.8M points per sec to make it easier to be implemented with existing hardware today on the market...

- and -

They’ve determined on their own or received feedback that the added data either can’t be processed efficiently or isn’t necessary. More bullish is that they’re already spec’ing based on partnership/acquisition request/feedback.

Consensus among the LTLs and SMEs is the actual Lidar was completed - and been in the hands of the interested parties - for several weeks now. I do know they told Sumit way back that the base figures met all requirements, and not to waste time over-developing the unit...but for us, it's an incredible portend to understand we de-tuned the Lidar to meet current requirements, which means we can over-clock (I think that's an applicable term) at will when Elon has the computing platform to handle the data generated. That's huge when the closest competitors can't even match the reduced output.
Link Posted: 4/28/2021 11:38:16 AM EST
[#19]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By TheTech-1:

No, there is no timeframe in between trades to float money to another investment or trade. Once the transaction is completed it is taxable if it is in a cash account (non ira)
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By TheTech-1:
Originally Posted By FannyPackZach:
When I finally do end up selling down the road, can I take all that money and park it in a ETF for a year to avoid STCG tax?

No, there is no timeframe in between trades to float money to another investment or trade. Once the transaction is completed it is taxable if it is in a cash account (non ira)
(Theft)
Link Posted: 4/28/2021 11:40:22 AM EST
[#20]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:
Can't watch the price action, it's just makes me angry at what this country has become. This is bald-faced manipulation, and I don't care how you rationalize it, we've become too weak to address the problem...or we have a very serious problem with a casino-mentality about the market developing in our younger investors.

Anyway...important stuff. Good conversation about the resolution point cloud coming in well under what we know the Lidar is capable of. It caught some people off guard this morning, but I'd forgotten Sumit had already talked it. The take-away is fairly profound.

"...the highest resolution point cloud at 10.8 million points per second while operating at 30 hertz ..."

Some people already mentioned that earlier a point cloud of approx 20m points per second was communicated.

But:

In the previous CC Summit told that they lowered the framerate to reduce necessary computing power and to make it more easy to syncronize our lidar with existing camera sensors.

So, earlier, our scan rate had higher FPS. So, if we double the framerate from 30Hz to 60Hz, the total amount of collected points per second would also double. Approx 21,6 million points.

I understand that the lower point cloud per second is not because of a restriction of OUR Lidar but rather that it has been tuned down to a 30Hz-10.8M points per sec to make it easier to be implemented with existing hardware today on the market...

- and -

They've determined on their own or received feedback that the added data either can't be processed efficiently or isn't necessary. More bullish is that they're already spec'ing based on partnership/acquisition request/feedback.

Consensus among the LTLs and SMEs is the actual Lidar was completed - and been in the hands of the interested parties - for several weeks now. I do know they told Sumit way back that the base figures met all requirements, and not to waste time over-developing the unit...but for us, it's an incredible portend to understand we de-tuned the Lidar to meet current requirements, which means we can over-clock (I think that's an applicable term) at will when Elon has the computing platform to handle the data generated. That's huge when the closest competitors can't even match the reduced output.
View Quote

Link Posted: 4/28/2021 11:41:08 AM EST
[#21]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:
Can't watch the price action, it's just makes me angry at what this country has become. This is bald-faced manipulation, and I don't care how you rationalize it, we've become too weak to address the problem...or we have a very serious problem with a casino-mentality about the market developing in our younger investors.

Anyway...important stuff. Good conversation about the resolution point cloud coming in well under what we know the Lidar is capable of. It caught some people off guard this morning, but I'd forgotten Sumit had already talked it. The take-away is fairly profound.

"...the highest resolution point cloud at 10.8 million points per second while operating at 30 hertz ..."

Some people already mentioned that earlier a point cloud of approx 20m points per second was communicated.

But:

In the previous CC Summit told that they lowered the framerate to reduce necessary computing power and to make it more easy to syncronize our lidar with existing camera sensors.

So, earlier, our scan rate had higher FPS. So, if we double the framerate from 30Hz to 60Hz, the total amount of collected points per second would also double. Approx 21,6 million points.

I understand that the lower point cloud per second is not because of a restriction of OUR Lidar but rather that it has been tuned down to a 30Hz-10.8M points per sec to make it easier to be implemented with existing hardware today on the market...

- and -

They've determined on their own or received feedback that the added data either can't be processed efficiently or isn't necessary. More bullish is that they're already spec'ing based on partnership/acquisition request/feedback.

Consensus among the LTLs and SMEs is the actual Lidar was completed - and been in the hands of the interested parties - for several weeks now. I do know they told Sumit way back that the base figures met all requirements, and not to waste time over-developing the unit...but for us, it's an incredible portend to understand we de-tuned the Lidar to meet current requirements, which means we can over-clock (I think that's an applicable term) at will when Elon has the computing platform to handle the data generated. That's huge when the closest competitors can't even match the reduced output.
View Quote

Very cool.

I just bought a bunch more at 23


Link Posted: 4/28/2021 11:42:03 AM EST
[Last Edit: RatherBeLifting] [#22]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:
Can't watch the price action, it's just makes me angry at what this country has become. This is bald-faced manipulation, and I don't care how you rationalize it, we've become too weak to address the problem...or we have a very serious problem with a casino-mentality about the market developing in our younger investors.

Anyway...important stuff. Good conversation about the resolution point cloud coming in well under what we know the Lidar is capable of generating. It caught some people off guard this morning, but I'd forgotten Sumit had already talked it. The take-away is fairly profound.

"...the highest resolution point cloud at 10.8 million points per second while operating at 30 hertz ..."
View Quote


Agreed.  There's something happening here.

This is the biggest announcement in the history of the company and we are seeing little price action.

ETA:  On record volume
Link Posted: 4/28/2021 11:47:17 AM EST
[Last Edit: BigGulp] [#23]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By RatherBeLifting:


Agreed.  There's something happening here.

This is the biggest announcement in the history of the company and we are seeing little price action.

ETA:  On record volume
View Quote


Don't forget that we were at ~$10 recently.  There are a LOT of shorts covering, some new ones getting in and likely a metric crap ton of profit taking from the ~$10 guys that missed the Monday spike.
Link Posted: 4/28/2021 11:54:51 AM EST
[#24]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:
Can't watch the price action, it's just makes me angry at what this country has become. This is bald-faced manipulation, and I don't care how you rationalize it, we've become too weak to address the problem...or we have a very serious problem with a casino-mentality about the market developing in our younger investors.

Anyway...important stuff. Good conversation about the resolution point cloud coming in well under what we know the Lidar is capable of generating. It caught some people off guard this morning, but I'd forgotten Sumit had already talked it. The take-away is fairly profound.

"...the highest resolution point cloud at 10.8 million points per second while operating at 30 hertz ..."

Some people already mentioned that earlier a point cloud of approx 20m points per second was communicated.

But:

In the previous CC Summit told that they lowered the framerate to reduce necessary computing power and to make it more easy to syncronize our lidar with existing camera sensors.

So, earlier, our scan rate had higher FPS. So, if we double the framerate from 30Hz to 60Hz, the total amount of collected points per second would also double. Approx 21,6 million points.

I understand that the lower point cloud per second is not because of a restriction of OUR Lidar but rather that it has been tuned down to a 30Hz-10.8M points per sec to make it easier to be implemented with existing hardware today on the market...

- and -

They've determined on their own or received feedback that the added data either can't be processed efficiently or isn't necessary. More bullish is that they're already spec'ing based on partnership/acquisition request/feedback.

Consensus among the LTLs and SMEs is the actual Lidar was completed - and been in the hands of the interested parties - for several weeks now. I do know they told Sumit way back that the base figures met all requirements, and not to waste time over-developing the unit...but for us, it's an incredible portend to understand we de-tuned the Lidar to meet current requirements, which means we can over-clock (I think that's an applicable term) at will when Elon has the computing platform to handle the data generated. That's huge when the closest competitors can't even match the reduced output.
View Quote
I think this is where some of Nvidia's tech can come into play.
Link Posted: 4/28/2021 11:57:38 AM EST
[#25]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:
Can't watch the price action, it's just makes me angry at what this country has become. This is bald-faced manipulation, and I don't care how you rationalize it, we've become too weak to address the problem...or we have a very serious problem with a casino-mentality about the market developing in our younger investors.

Anyway...important stuff. Good conversation about the resolution point cloud coming in well under what we know the Lidar is capable of generating. It caught some people off guard this morning, but I'd forgotten Sumit had already talked it. The take-away is fairly profound.

"...the highest resolution point cloud at 10.8 million points per second while operating at 30 hertz ..."

Some people already mentioned that earlier a point cloud of approx 20m points per second was communicated.

But:

In the previous CC Summit told that they lowered the framerate to reduce necessary computing power and to make it more easy to syncronize our lidar with existing camera sensors.

So, earlier, our scan rate had higher FPS. So, if we double the framerate from 30Hz to 60Hz, the total amount of collected points per second would also double. Approx 21,6 million points.

I understand that the lower point cloud per second is not because of a restriction of OUR Lidar but rather that it has been tuned down to a 30Hz-10.8M points per sec to make it easier to be implemented with existing hardware today on the market...

- and -

They’ve determined on their own or received feedback that the added data either can’t be processed efficiently or isn’t necessary. More bullish is that they’re already spec’ing based on partnership/acquisition request/feedback.

Consensus among the LTLs and SMEs is the actual Lidar was completed - and been in the hands of the interested parties - for several weeks now. I do know they told Sumit way back that the base figures met all requirements, and not to waste time over-developing the unit...but for us, it's an incredible portend to understand we de-tuned the Lidar to meet current requirements, which means we can over-clock (I think that's an applicable term) at will when Elon has the computing platform to handle the data generated. That's huge when the closest competitors can't even match the reduced output.
View Quote


This makes me even more interested to hear what Ford has to say on its EC this afternoon. Ford has promised a launch of an autonomous vehicle in 2022, using a combination of cameras and Lidar. They also dumped Velodyne back in February. Hmmmm.
Link Posted: 4/28/2021 12:00:26 PM EST
[#26]
No life changing money for me.. but I would like to be able to knock a decent chunk outta some debt... We need 100 a share damnit lol
Link Posted: 4/28/2021 12:00:33 PM EST
[#27]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:


View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:
Originally Posted By Speedie:
Originally Posted By apexcrusade:
Would be great to  put the $23-$24 trading range permanently in the rear view mirror.
Be careful what you wish for


Haha, just messing with you on the phrasing. Wouldn't be at all surprised to see the price stick right around $23.50 going into the EC. Looking at the range yesterday and today, it's basically $19 - $28 so $23.50 is exactly in the middle of the extremes.
Link Posted: 4/28/2021 12:03:31 PM EST
[#28]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By RatherBeLifting:


Agreed.  There's something happening here.

This is the biggest announcement in the history of the company and we are seeing little price action.

ETA:  On record volume
View Quote


Smokey's updates are a good indicator, millions of shares borrow/return/repeat.
Link Posted: 4/28/2021 12:07:20 PM EST
[Last Edit: Total53] [#29]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By slabertooch:
I think this is where some of Nvidia's tech can come into play.
View Quote


Yes x 100.

GPUs are off the hook and the preferred hardware to mine crypto.
SoC, system on a Chip is going to shock the world.
Edge computing partnership w/Cloudfare.

If MVIS just gets the whiff of a partnership w/NVIDIA we're gonna light the 2nd stage rockets
Link Posted: 4/28/2021 12:14:20 PM EST
[#30]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By dbrowne1:


This makes me even more interested to hear what Ford has to say on its EC this afternoon. Ford has promised a launch of an autonomous vehicle in 2022, using a combination of cameras and Lidar. They also dumped Velodyne back in February. Hmmmm.
View Quote


I'm leaning that way as well. Judy Curran and Seval Oz's experience is so absolutely...pointed, it's hard to believe this isn't a deal that's been in gestation for weeks, if not months. There are still plenty of potential dance partners, which is where MVIS' little turn to "evaluating strategic options" came from, but suddenly I'm having another of those small moments of clarity that settle my rustled jimmies and tell me this is much less random and chaotic than it appears... and very much unfolding by design.
Link Posted: 4/28/2021 12:14:50 PM EST
[#31]
This country is too weak to address the crying Karens and Snowflakes, much less take on legitimate white collar crime and the theft of a nation...
Link Posted: 4/28/2021 12:20:43 PM EST
[#32]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:
Can't watch the price action, it's just makes me angry at what this country has become. This is bald-faced manipulation, and I don't care how you rationalize it, we've become too weak to address the problem...or we have a very serious problem with a casino-mentality about the market developing in our younger investors.
View Quote



Can you explain what is going on, I'd love to understand it better.

Link Posted: 4/28/2021 12:29:43 PM EST
[#33]
Question for you guys regard Roth and making contribution withdrawals.

I put $3,000 into my Roth, and invest $1500 into A, and $1500 into B.  A doesn't move and is still worth $1500.  B however doubles in value and is now worth $3000.  I sell B.

Can I withdraw that $3,000 and leave A alone?  Or do I have to withdraw "the same" dollars for it to count as a contribution withdrawal?
Link Posted: 4/28/2021 12:31:12 PM EST
[#34]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Total53:


Yes x 100.

GPUs are off the hook and the preferred hardware to mine crypto.
SoC, system on a Chip is going to shock the world.
Edge computing partnership w/Cloudfare.

If MVIS just gets the whiff of a partnership w/NVIDIA we're gonna light the 2nd stage rockets
View Quote

Im telling you these two would pair very well.
Link Posted: 4/28/2021 12:38:17 PM EST
[#35]
Smokey's 1330 update:



500,000 or so returned with another 150,000 going out.
Link Posted: 4/28/2021 12:41:16 PM EST
[#36]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Kuraki:
Question for you guys regard Roth and making contribution withdrawals.

I put $3,000 into my Roth, and invest $1500 into A, and $1500 into B.  A doesn't move and is still worth $1500.  B however doubles in value and is now worth $3000.  I sell B.

Can I withdraw that $3,000 and leave A alone?  Or do I have to withdraw "the same" dollars for it to count as a contribution withdrawal?
View Quote


With a Roth you can always withdraw your contribution amount tax/penalty free.  The moment you touch earnings is where you run into issues.  When you make a withdraw from a Roth, the first dollars out are contribution dollars.  You can find your contribution amounts on tax form 5498 for each year you make a contribution if you need to go back and look.

So, in your example, if you put in 3k and withdraw 3k, you're good.  The contribution and the distribution will be reported (5498 and 1099 respectively), but when you file your taxes you can indicate the distribution as removal of a contribution. There may be other items at play, so talk to a tax advisor about your specific situation, and don't trust some rando on the internet.
Link Posted: 4/28/2021 12:44:52 PM EST
[Last Edit: rustyboy] [#37]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Kuraki:
Question for you guys regard Roth and making contribution withdrawals.

I put $3,000 into my Roth, and invest $1500 into A, and $1500 into B.  A doesn't move and is still worth $1500.  B however doubles in value and is now worth $3000.  I sell B.

Can I withdraw that $3,000 and leave A alone?  Or do I have to withdraw "the same" dollars for it to count as a contribution withdrawal?
View Quote

I have no idea, but it has to be fungible. Or you could sell A, withdraw original $, buy back A in 3 seconds.
Link Posted: 4/28/2021 12:46:20 PM EST
[#38]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Kuraki:
Question for you guys regard Roth and making contribution withdrawals.

I put $3,000 into my Roth, and invest $1500 into A, and $1500 into B.  A doesn't move and is still worth $1500.  B however doubles in value and is now worth $3000.  I sell B.

Can I withdraw that $3,000 and leave A alone?  Or do I have to withdraw "the same" dollars for it to count as a contribution withdrawal?
View Quote


Roth contributions can be taken out at any time tax free as tax free dollars went in.
So if you contributed $3000 you can withdraw $3000 anytime you want, penalty free
Link Posted: 4/28/2021 12:46:49 PM EST
[#39]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By cmsnare:


With a Roth you can always withdraw your contribution amount tax/penalty free.  The moment you touch earnings is where you run into issues.  When you make a withdraw from a Roth, the first dollars out are contribution dollars.  You can find your contribution amounts on tax form 5498 for each year you make a contribution if you need to go back and look.

So, in your example, if you put in 3k and withdraw 3k, you're good.  The contribution and the distribution will be reported (5498 and 1099 respectively), but when you file your taxes you can indicate the distribution as removal of a contribution. There may be other items at play, so talk to a tax advisor about your specific situation, and don't trust some rando on the internet.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By cmsnare:
Originally Posted By Kuraki:
Question for you guys regard Roth and making contribution withdrawals.

I put $3,000 into my Roth, and invest $1500 into A, and $1500 into B.  A doesn't move and is still worth $1500.  B however doubles in value and is now worth $3000.  I sell B.

Can I withdraw that $3,000 and leave A alone?  Or do I have to withdraw "the same" dollars for it to count as a contribution withdrawal?


With a Roth you can always withdraw your contribution amount tax/penalty free.  The moment you touch earnings is where you run into issues.  When you make a withdraw from a Roth, the first dollars out are contribution dollars.  You can find your contribution amounts on tax form 5498 for each year you make a contribution if you need to go back and look.

So, in your example, if you put in 3k and withdraw 3k, you're good.  The contribution and the distribution will be reported (5498 and 1099 respectively), but when you file your taxes you can indicate the distribution as removal of a contribution. There may be other items at play, so talk to a tax advisor about your specific situation, and don't trust some rando on the internet.



I think there is a clause about taking it out before its seasoned. I think you have to wait 5 yrs. Caused me some hassle last year as I didn't know.

There may be some exceptions but you may want to check into that.
Link Posted: 4/28/2021 12:48:04 PM EST
[#40]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By wyomingnick:



Can you explain what is going on, I'd love to understand it better.

View Quote
Let me try. Shorts saw the  microvision run up without supporting news, so the flanks looked vulnerable.  They attacked yesterday, had great results, and decided for another round this morning.  Right before open, PR was released about their new Lidar.  People started buying.  Hedge funds decided they weren't going to allow us peons to gain any ground off the good news and they doubled down, got more ammo, and held the surge back with millions in short sales.  

Sound about right?
Link Posted: 4/28/2021 12:48:41 PM EST
[#41]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By rustyboy:

I have no idea, but it has to be fungible. Or you could sell A, withdraw original $, buy back A in 3 seconds.
View Quote


Fungible means that you can swap pieces/units without any loss - they're interchangeable.

So, if I owe you $20, you I could pay you with a a $20, 2x $10, 4x $5s etc - you don't really care, you got your $20 back.  That's fungibility.

The IRS only cares about money into and out of IRAs - that's whats reported.  If you put in $5k and take $5k out, that's what they'll see.  The fact that you turned your $5k in to $1m in the account in the mean time doesn't matter to the IRS until you start to withdraw it.
Link Posted: 4/28/2021 12:52:26 PM EST
[Last Edit: cmsnare] [#42]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By wyomingnick:



I think there is a clause about taking it out before its seasoned. I think you have to wait 5 yrs. Caused me some hassle last year as I didn't know.

There may be some exceptions but you may want to check into that.
View Quote


There are 5 year seasoning rules on Roths, but they have to do with removal of earnings, conversion funds (funds moved over from a traditional IRA or 401k), or inherited Roths.  If the account owner made a cash contribution, it can be withdrawn at any time without tax or penalty.

Thanks for pointing these out though - as I said in my original post, there may be other factors at play, so a discussion with a tax advisor (which I am not), is advised.
Link Posted: 4/28/2021 12:54:08 PM EST
[#43]
Watching MAVIS run around 23 and my P&L did this:

Attachment Attached File
Link Posted: 4/28/2021 12:57:00 PM EST
[#44]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By apexcrusade:
Would be great to  put the $23-$24 trading range permanently in the rear view mirror.
View Quote

As long as it's below and behind us, not above and behind us.  
Link Posted: 4/28/2021 12:57:49 PM EST
[#45]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By TheTech-1:

Im telling you these two would pair very well.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By TheTech-1:
Originally Posted By Total53:


Yes x 100.

GPUs are off the hook and the preferred hardware to mine crypto.
SoC, system on a Chip is going to shock the world.
Edge computing partnership w/Cloudfare.

If MVIS just gets the whiff of a partnership w/NVIDIA we're gonna light the 2nd stage rockets

Im telling you these two would pair very well.


I would like to see it. LiDAR (and other sensors) for swarm autonomy (like cars and smart streets) needs both low latency and high computation for the fusion needed to overcome local blind spots, realtime QC, and swarm-sourced data product generation. Network/edge embedded computation efficiencies are one side of the coin: the other is protocol and telemetry (which is a totally different problem). The second that we start playing with computer vision from more than just a single vehicle source, it gets really complicated. But that is where the cutting edge is right now for all things computer vision and sensor fusion.

I'm playing with some rotating LiDAR and Nvidia Jetson at the edge in a distributed sensing research project. Not trying to overcome the latency issues yet, but serious teams elsewhere have to be a lot farther down that road.
Link Posted: 4/28/2021 12:58:09 PM EST
[#46]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By goodasgone81:
Assuming mvis is victorious over the shorts, and the dust settles... is it public knowledge how much of a loss the shorts take or would it just be speculation?  

Would be icing on the cake if mvis goes to Uranus and brings down a few shitty hedge funds along the way
View Quote

Anyone shorting MVIS at this point is taking a massive risk.  I don't see how it's worth the potential reward.
Link Posted: 4/28/2021 12:59:15 PM EST
[#47]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Admiral_Crunch:

Anyone shorting MVIS at this point is taking a massive risk.  I don't see how it's worth the potential reward.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Admiral_Crunch:
Originally Posted By goodasgone81:
Assuming mvis is victorious over the shorts, and the dust settles... is it public knowledge how much of a loss the shorts take or would it just be speculation?  

Would be icing on the cake if mvis goes to Uranus and brings down a few shitty hedge funds along the way

Anyone shorting MVIS at this point is taking a massive risk.  I don't see how it's worth the potential reward.


Well, when you front run sales and control the market, it minimizes that risk.
Link Posted: 4/28/2021 1:01:49 PM EST
[#48]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Bthorn:
Let me try. Shorts saw the  microvision run up without supporting news, so the flanks looked vulnerable.  They attacked yesterday, had great results, and decided for another round this morning.  Right before open, PR was released about their new Lidar.  People started buying.  Hedge funds decided they weren't going to allow us peons to gain any ground off the good news and they doubled down, got more ammo, and held the surge back with millions in short sales.  

Sound about right?
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Bthorn:
Originally Posted By wyomingnick:



Can you explain what is going on, I'd love to understand it better.

Let me try. Shorts saw the  microvision run up without supporting news, so the flanks looked vulnerable.  They attacked yesterday, had great results, and decided for another round this morning.  Right before open, PR was released about their new Lidar.  People started buying.  Hedge funds decided they weren't going to allow us peons to gain any ground off the good news and they doubled down, got more ammo, and held the surge back with millions in short sales.  

Sound about right?


Makes sense. What do you mean more ammo, just spend more money ?
Link Posted: 4/28/2021 1:02:14 PM EST
[#49]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Osprey61:
Can't watch the price action, it's just makes me angry at what this country has become. This is bald-faced manipulation, and I don't care how you rationalize it, we've become too weak to address the problem...or we have a very serious problem with a casino-mentality about the market developing in our younger investors.

Anyway...important stuff. Good conversation about the resolution point cloud coming in well under what we know the Lidar is capable of generating. It caught some people off guard this morning, but I'd forgotten Sumit had already talked it. The take-away is fairly profound.

"...the highest resolution point cloud at 10.8 million points per second while operating at 30 hertz ..."

Some people already mentioned that earlier a point cloud of approx 20m points per second was communicated.

But:

In the previous CC Summit told that they lowered the framerate to reduce necessary computing power and to make it more easy to syncronize our lidar with existing camera sensors.

So, earlier, our scan rate had higher FPS. So, if we double the framerate from 30Hz to 60Hz, the total amount of collected points per second would also double. Approx 21,6 million points.

I understand that the lower point cloud per second is not because of a restriction of OUR Lidar but rather that it has been tuned down to a 30Hz-10.8M points per sec to make it easier to be implemented with existing hardware today on the market...

- and -

They've determined on their own or received feedback that the added data either can't be processed efficiently or isn't necessary. More bullish is that they're already spec'ing based on partnership/acquisition request/feedback.

Consensus among the LTLs and SMEs is the actual Lidar was completed - and been in the hands of the interested parties - for several weeks now. I do know they told Sumit way back that the base figures met all requirements, and not to waste time over-developing the unit...but for us, it's an incredible portend to understand we de-tuned the Lidar to meet current requirements, which means we can over-clock (I think that's an applicable term) at will when Elon has the computing platform to handle the data generated. That's huge when the closest competitors can't even match the reduced output.
View Quote

That is great to hear.  Thanks again for the hundredth time for the continued great info.
Link Posted: 4/28/2021 1:06:56 PM EST
[#50]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By wpsharpshooter:
No life changing money for me.. but I would like to be able to knock a decent chunk outta some debt... We need 100 a share damnit lol
View Quote

I would probably need to change my pants.
Page / 1719
Close Join Our Mail List to Stay Up To Date! Win a FREE Membership!

Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!

You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.


By signing up you agree to our User Agreement. *Must have a registered ARFCOM account to win.
Top Top