Author Topic: what are you selling today?  (Read 66608 times)

randomep

  • Hero Member
  • *****
  • Posts: 1062
    • Bull Bear and Value Blog
Re: what are you selling today?
« Reply #30 on: February 07, 2014, 03:32:20 PM »

Have been selling CVX and will sell more to gradually close my position.

Be in a relationship with CVX for 10yrs, time for us to part ways.



tombgrt

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1942
Re: what are you selling today?
« Reply #31 on: April 10, 2014, 10:24:57 AM »
Sold 40% of my shorter term OTM WDAY options for a 4-bagger. Holding the rest, aiming for 10x. Hit or miss, I walk away with a good gain.

writser

  • Hero Member
  • *****
  • Posts: 1806
Re: what are you selling today?
« Reply #32 on: April 10, 2014, 10:59:22 AM »
How large do you make these option positions? And do you look at them in terms of notional exposure or net costs?
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.

tombgrt

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1942
Re: what are you selling today?
« Reply #33 on: April 10, 2014, 11:04:25 AM »
Generally I do not. Shorter term options I keep very small percentage of total portfolio. Those wday options were 1.3% of my total portfolio and are pure speculation on short term movements. More than large enough if they really get going.
Longer term put options like CRM I buy much more agressively, also because my conviction is a lot higher. I do sell all the way down however. I've found timing way to hard, especially with shorter term options where you can have fluctuations of 100-300%/day.

DCG

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1571
    • Venture Blend
Re: what are you selling today?
« Reply #34 on: April 10, 2014, 04:10:50 PM »

Have been selling CVX and will sell more to gradually close my position.

Be in a relationship with CVX for 10yrs, time for us to part ways.

Why?

randomep

  • Hero Member
  • *****
  • Posts: 1062
    • Bull Bear and Value Blog
Re: what are you selling today?
« Reply #35 on: April 10, 2014, 08:08:33 PM »

Have been selling CVX and will sell more to gradually close my position.

Be in a relationship with CVX for 10yrs, time for us to part ways.

Why?

Well I don't follow it as much as I use to. But the bottom line is:
- profits are at record highs because of $90 / barrel oil, when I first bought it oil was at $30 / barrel
- if oil prices drop CVX profits will plummet
- I look back at the last 10yrs, thank god I didn't own BP, it wasn't skill that led me to choose CVX and avoid the offshore oil spill
- CVX is getting a lot of good press lately about how its return on assets are excellent and how well it is managed
- oil is going to be more and more capital intensive and we go to more difficult places to extract it
- CVX is large cap, and I am becoming a hard core small cap investor
- I expect CVX to perform roughly in line with the market, and I only invest now expecting to beat the market

So basically, it is good time to sell off the top.....

dpetrescu

  • Jr. Member
  • **
  • Posts: 93
Re: what are you selling today?
« Reply #36 on: April 12, 2014, 10:16:48 PM »
Selling Nothing.

I think there are a ridiculous amount of companies trading at ridiculously high prices. But the selling is across the board so the few baraings that previously existed are even more of a bargain. FIAT and Corning have held up well, at least for now.

I have a lot of cash and I'm seeing more opportunities emerging. I'm interested in buying soon, Specifically GM and Toyota. I've been watching Korean preferred stocks like Hyundai and Samsung but they are actually a bit higher in price, but still ridiculously cheap. If we have another few days in the red I'll likely make a few buys.

tombgrt

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1942
Re: what are you selling today?
« Reply #37 on: April 25, 2014, 07:36:07 AM »
Sold more of my OTM WDAY puts today. I bought some more earlier last week but was too soon. Further orders didn't fill. :( Still holding some. Netsuite earnings on monday...

sethatk

  • Jr. Member
  • **
  • Posts: 72
Re: what are you selling today?
« Reply #38 on: April 28, 2014, 08:13:05 AM »
Sold entire position in MSFT.

tombgrt

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1942
Re: what are you selling today?
« Reply #39 on: April 28, 2014, 09:18:29 AM »
Sold some WDAY puts for a near 10-bagger. Still hating that I didn't get those other puts last week. Bought some short term Linkedin puts around opening with fraction of profits.

Glad someone finally stepped on the sell button on CRM. N earnings tonight could move it another way quickly however.