Author Topic: what are you selling today?  (Read 65030 times)

woltac

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Re: what are you selling today?
« Reply #180 on: April 25, 2019, 06:42:52 PM »
AAPL & LBRDK, both purchased in late December/early January. 


Lance

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Re: what are you selling today?
« Reply #181 on: April 29, 2019, 09:48:21 AM »
Shorted VBK.  Closed SMH short. 

Thanks
Lance

Castanza

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Re: what are you selling today?
« Reply #182 on: April 29, 2019, 10:51:53 AM »
Shorted VBK.  Closed SMH short. 

Thanks
Lance

Curious on your thesis for shorting VBK?

Lance

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Re: what are you selling today?
« Reply #183 on: April 29, 2019, 09:05:36 PM »
Hi Castanza - am anticipating volatility and lower prices over the next 6 months, but donít want to  part with anything and Iím already sitting on a pile of TLT.  I think VBK has more downside than the S&P 500.  Also, will short SMH again and add to XHB short on future increases.

Thanks
Lance

bskptkl

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Re: what are you selling today?
« Reply #184 on: May 01, 2019, 08:05:01 AM »
MFCB

Finally!

I have owned this dog for 3 long ugly years. Avg price >$10. Had too much, so couldn't stomach averaging down when it was in the $4s six months ago. Held off selling until opening today (luck, was trying yesterday - just didn't get filled), and scale sold all the way up. You know that feeling when you don't care if buyers make money from here? I don't care that I am selling at <60% of "book" value. Good riddance MFCB and Michael Smith.

This company reminds me a bit of the Dumbdees - "good" resource related Canadian investor goes bad; no really, really bad. Epic destroyer of capital, hubris, etc.

I suppose there should be a lesson in this for me. I don't mind investigating these train wrecks. I love the volatility. They do have potential for multi-bagger gains from the lows. I've done better in Dumbdee - maybe because I started with the preferreds, started smaller and traded around the position several times.

bizaro86

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Re: what are you selling today?
« Reply #185 on: May 01, 2019, 09:11:15 AM »
MFCB

Finally!

I have owned this dog for 3 long ugly years. Avg price >$10. Had too much, so couldn't stomach averaging down when it was in the $4s six months ago. Held off selling until opening today (luck, was trying yesterday - just didn't get filled), and scale sold all the way up. You know that feeling when you don't care if buyers make money from here? I don't care that I am selling at <60% of "book" value. Good riddance MFCB and Michael Smith.

This company reminds me a bit of the Dumbdees - "good" resource related Canadian investor goes bad; no really, really bad. Epic destroyer of capital, hubris, etc.

I suppose there should be a lesson in this for me. I don't mind investigating these train wrecks. I love the volatility. They do have potential for multi-bagger gains from the lows. I've done better in Dumbdee - maybe because I started with the preferreds, started smaller and traded around the position several times.

Agreed. I did well on MFCB (bought at $5, sold at $8.50) but felt at that time the margin of safety wasn't there anymore. Obviously sold way too soon. Completely agree on management here, although they do seem to be doing the right things right now - simplifying balance sheet, paying off debt, focusing on the iron ore royalty. I actually think the name change they announced (to "scully incorporated") is potentially a big deal. Its stupid that matters, but I think Canadian mining investors will be more comfortable buying it if the royalty is right in the name. If they made it a pass through (like LIF) there would still be big upside from here.

Cigarbutt

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Re: what are you selling today?
« Reply #186 on: May 01, 2019, 10:39:18 AM »
Hi Castanza - am anticipating volatility and lower prices over the next 6 months, but donít want to  part with anything and Iím already sitting on a pile of TLT.  I think VBK has more downside than the S&P 500.  Also, will short SMH again and add to XHB short on future increases.

Thanks
Lance
Hi Lance,
In this cycle, I have parked a variable amount of "excess" cash in TLT.
An argument could be made that it is becoming increasingly reckless to invest in "risk-free" long-term bonds with a shorter-duration mindset but what else is new?
In a 1999 investors' expectations article, Mr. Buffett quipped that if one thought that the US was becoming like Japan, the way to go was to buy options on bonds. He also "expected" that the Dow Jones would return about 6% over time.

In that article, he compared the return (total return, per year) of a government 30-yr bond to the Dow Jones (1981-1998).
30 yr-bond: 13% (!)
Dow Jones: 19% (!)

Since then:
30-yr bond: 7.8%
S&P: 5.4%   

1981 to now:
30-yr bond: about 10%
stock index: about 11%

Further easing would likely put the 30-yr bond back in the leading position and I wouldn't want to be in charge of a pension fund right now.

Spekulatius

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Re: what are you selling today?
« Reply #187 on: May 02, 2019, 03:35:17 PM »
MFCB

Finally!

I have owned this dog for 3 long ugly years. Avg price >$10. Had too much, so couldn't stomach averaging down when it was in the $4s six months ago. Held off selling until opening today (luck, was trying yesterday - just didn't get filled), and scale sold all the way up. You know that feeling when you don't care if buyers make money from here? I don't care that I am selling at <60% of "book" value. Good riddance MFCB and Michael Smith.

This company reminds me a bit of the Dumbdees - "good" resource related Canadian investor goes bad; no really, really bad. Epic destroyer of capital, hubris, etc.

I suppose there should be a lesson in this for me. I don't mind investigating these train wrecks. I love the volatility. They do have potential for multi-bagger gains from the lows. I've done better in Dumbdee - maybe because I started with the preferreds, started smaller and traded around the position several times.

That feeling of relief and joy, when pigs in the portfolio fly, is priceless!
To be a realist, one has to believe in miracles.

John Hjorth

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Re: what are you selling today?
« Reply #188 on: May 03, 2019, 05:14:23 AM »
Reduced position a bit in NOVO B.CPH [NVO][in my father's account], to buy BRK.B, combined with pulling money off the table [money, that will never end up on the table again, but that will be allocated to one of his "high interest rate" accounts at Bank Norwegian ASA or Santander Consumer Bank ASA - those accounts are not part of my defined AUM].

I'm trying here to reduce risk.
ĒIn the race of excellence Ö there is no finish line.Ē
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

SmallCap

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Re: what are you selling today?
« Reply #189 on: May 22, 2019, 07:14:30 PM »
sold the last of my TSLA Puts for 100+% gain in the last year.
Decided to leave the drama behind but this probably means I am leaving money on the table.
Love watching what people can accomplish through business.
www.sethgetz.com @sethgetz