Author Topic: What are you buying today?  (Read 1885146 times)

Gregmal

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Re: What are you buying today?
« Reply #4190 on: September 18, 2019, 12:30:20 PM »
Strolling through the grocery store today and noticed that now everyone has a plant based meat product out. Saw the news about Tim Hortons dumping BYND and didn't have a difficult time seeing others follow suit. This shit doesnt sell in a number of markets. This is Tilray 2.0, lockup expiration 6 weeks away. So I shorted the pig via buying some well out of the money, longer dated puts.


Agrippa07

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Re: What are you buying today?
« Reply #4191 on: September 18, 2019, 01:12:16 PM »
Added to MO

Cardboard

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Re: What are you buying today?
« Reply #4192 on: September 18, 2019, 04:00:25 PM »
Which puts Gregmal if you don't mind?

They are crazy expensive due to shorts/volatility but, yeah I can see this going way down in time. Everybody can make this shit even Maple Leaf Foods and Tyson. $10 billion market cap is nuts for something that will be commoditized.

Gregmal

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Re: What are you buying today?
« Reply #4193 on: September 18, 2019, 04:11:59 PM »
Which puts Gregmal if you don't mind?

They are crazy expensive due to shorts/volatility but, yeah I can see this going way down in time. Everybody can make this shit even Maple Leaf Foods and Tyson. $10 billion market cap is nuts for something that will be commoditized.

I bought some Jan 2021's ranging from $50-$100 strikes. Its basically a 2-3 month trade idea. I think the lockup easily takes 25% off the share price. The thinking goes, yea... straight short you're paying 175% neg borrow which can be yanked at any time and the rate can and likely will go up. Shorter dated puts are insanely expensive and a sucker bet. 2021s that are out of the money that far are only pricing in time value. Ive got like 16 months til expiration and if 2-3 expire, there s still a whole lot of time value likely for those options which still have a good chunk of value whether the stock goes up, down, or sideways. But if I'm right, and we get a 20-30% or greater move down on lockup expiring(which really isn't much of a stretch given how some of these things trade, let alone if you follow what TLRY did)....we eat well.

Saluki

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Re: What are you buying today?
« Reply #4194 on: September 19, 2019, 09:23:52 AM »
Added to JOE (got super cheap after Hurricane Adrian, which didn't really affect the panhandle), EAF and TPHS again.  Bought a little more BHC, which I haven't bought or sold more shares in a while, but noticed Joe Papa the CEO bought a nice slug of shares recently.  Story hasn't changed (debt keeps getting more manageable and outlook keeps looking better but stock price hasn't moved).   
If it's important, do it every day. If it's not important, don't do it at all.  -Dan Gable

frommi

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Re: What are you buying today?
« Reply #4195 on: September 19, 2019, 09:26:15 AM »
Sold some LON:IMB to buy more MO.

Lance

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Re: What are you buying today?
« Reply #4196 on: September 19, 2019, 09:55:07 AM »
MO

Thanks
Lance

Lance

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Re: What are you buying today?
« Reply #4197 on: September 20, 2019, 01:24:31 PM »
Shorted TSLA

Thanks
Lance

Spekulatius

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Re: What are you buying today?
« Reply #4198 on: September 20, 2019, 03:20:44 PM »
Rebought some FOX
Bought a starter in GTS, a crappy insurance business in Puerto Rico, trading at an even crappier price.
Bought an even smaller starter in SPOT.
Life is too short for cheap beer and wine.

Gregmal

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Re: What are you buying today?
« Reply #4199 on: September 23, 2019, 08:37:15 AM »
Flipped some GRIF around $39 for JOE under $17