Author Topic: what are you selling today?  (Read 88160 times)

Cardboard

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Re: what are you selling today?
« Reply #250 on: September 05, 2019, 12:30:54 PM »
Gregmal is the smart guy here: buys cheap, quality stocks that he could hold on for a long time if they continue to drop and sells them for a nice profit (20-30%) if they rebound. Then rinse and repeat.

Seems to be the way to make money in this environment. 


Gregmal

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Re: what are you selling today?
« Reply #251 on: September 05, 2019, 03:30:59 PM »
Gregmal is the smart guy here: buys cheap, quality stocks that he could hold on for a long time if they continue to drop and sells them for a nice profit (20-30%) if they rebound. Then rinse and repeat.

Seems to be the way to make money in this environment.

Its the only way.

3 guys.

Average income in US in something like $70K a year.

Each are miraculously thrifty and save like there is no tomorrow. Each save $20,000 a year.

Guy 1 is a pussy and just puts it in a savings account yielding 0.1%. After 20 years he has ~$425K and as a result, has to continue slaving away because he can't afford to retire.

Guy 2 is also a pussy, but a little more adventurous. He buys bonds yielding ~2.5%. After 20 years he has ~$550k and shares the same fate as guy 1.

Guy 3 is a savvy investor and aware that cash is trash and bonds are the equivalent of picking up pennies in front of a freight train. He invests in quality companies and averages 10% a year. After 20 years he has ~$1.4M, is retired, spends half his time in Florida, and owns the business that employs guys 1 and 2....


Owning quality assets(even on margin) has time and again been a wise decision. Keep it simple. Figure out how to value businesses, and let time take care of itself. They should teach this is high school rather than home ec and wood shop...

Spekulatius

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Re: what are you selling today?
« Reply #252 on: September 05, 2019, 04:06:39 PM »
I wish puts were cheaper, but with a VIX if 19, puts are a no- go for me, so I raise some cash instead. I do share the aforementioned concerns.

Are you buying puts with the VIX around 16?

No, I have not yet done any put buying. Iíd like to see premiums coming down more and look for a VIX around 13. I havenít  made a decision if I follow through at all this time, I have been trimming positions , especially in anything that is cyclical.
To be a realist, one has to believe in miracles.

Gregmal

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Re: what are you selling today?
« Reply #253 on: September 06, 2019, 09:14:12 AM »
Trimmed 25% of ENDP position started last Friday

Castanza

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Re: what are you selling today?
« Reply #254 on: September 06, 2019, 09:31:36 AM »
Sold my remaining $BREW Sept 20 $12.5 and $10 puts.

Spekulatius

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Re: what are you selling today?
« Reply #255 on: September 06, 2019, 10:19:20 AM »
Sold me last batch of FB shares ( yesterday )
To be a realist, one has to believe in miracles.

Viking

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Re: what are you selling today?
« Reply #256 on: September 09, 2019, 01:38:29 PM »
Sold my BRK today for a nice quick 3.5% gain. Buy BRK under $200 and sell for a small gain has worked well for me a few times this year. I tend to buy a large amount (10 to 20% position) so am happy to book a small gain. Back to cash and wait for the next shitstorm. The economic news continues to slowly deteriorate.

Lance

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Re: what are you selling today?
« Reply #257 on: September 10, 2019, 07:52:52 AM »
Sold covered calls on KIM.

Thanks
Lance

kab60

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Re: what are you selling today?
« Reply #258 on: September 10, 2019, 10:24:44 AM »
Sold some WBA and SPB

Spekulatius

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Re: what are you selling today?
« Reply #259 on: September 10, 2019, 10:33:28 AM »
BNTGY, RYCEY, MOG-A, trimmed some FOX and CMCSA
« Last Edit: September 10, 2019, 10:35:25 AM by Spekulatius »
To be a realist, one has to believe in miracles.