Author Topic: What are you buying today?  (Read 1883611 times)

Gregmal

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Re: What are you buying today?
« Reply #5710 on: September 15, 2020, 12:06:20 PM »
More AAPL puts/short positions. If one gives any credibility to charts representing a psychological leaning of market participants, this is going down...short term at least. Every rally has gotten faded and the event was just a dud.


Spekulatius

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Re: What are you buying today?
« Reply #5711 on: September 15, 2020, 03:05:38 PM »
Added to ORI and a bit CVS
Life is too short for cheap beer and wine.

TwoCitiesCapital

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Re: What are you buying today?
« Reply #5712 on: September 15, 2020, 03:56:38 PM »
More AAPL puts/short positions. If one gives any credibility to charts representing a psychological leaning of market participants, this is going down...short term at least. Every rally has gotten faded and the event was just a dud.

+1

Gregmal

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Re: What are you buying today?
« Reply #5713 on: September 16, 2020, 04:48:20 PM »
Bought some more JBGS and also a trading position in SBE after the charging station announcement. This will probably be the next hot potato SPAC.

lnofeisone

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Re: What are you buying today?
« Reply #5714 on: September 17, 2020, 11:57:08 AM »
Closed UNG short. Bought NVAX 50 DEC/Apr and LMND 40 Dec/Mar calendars.

Castanza

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Re: What are you buying today?
« Reply #5715 on: September 18, 2020, 07:11:52 AM »
BATRK
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Gregmal

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Re: What are you buying today?
« Reply #5716 on: September 18, 2020, 12:50:26 PM »
Closed out some AAPL puts, rolled down the chain and out a few weeks. Moved some to cash. Bought a little PIC, JBGS.


EDIT: sold most of the PIC after hours. Too easy with these.
« Last Edit: September 18, 2020, 02:44:35 PM by Gregmal »

Broeb22

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Re: What are you buying today?
« Reply #5717 on: September 18, 2020, 02:07:10 PM »
BATRK

I get the thesis with sports teams in general...they are trophy assets that keep going up in value because billionaires don't have anything better to do with their fortunes.

Most of these teams don't generate much in the way of cash flow (probably except NFL due to non-guaranteed nature of contracts), so it's kind of like owning gold where you hope that there's a bigger fool who wants the team for glamour.

There may be a more fundamental angle to this, but I guess I prefer assets that cash flow or have a reasonable expectation of cash flowing.

In the case of MLB specifically , you're owning part of a sport that has an aging fan base and while I wouldn't bet anything on this, the long-term bear case would be that some of these sports become way less relevant and are displaced by alternatives (gaming/esports, soccer).


Gregmal

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Re: What are you buying today?
« Reply #5718 on: September 18, 2020, 02:10:14 PM »
BATRK

I get the thesis with sports teams in general...they are trophy assets that keep going up in value because billionaires don't have anything better to do with their fortunes.

Most of these teams don't generate much in the way of cash flow (probably except NFL due to non-guaranteed nature of contracts), so it's kind of like owning gold where you hope that there's a bigger fool who wants the team for glamour.

There may be a more fundamental angle to this, but I guess I prefer assets that cash flow or have a reasonable expectation of cash flowing.

In the case of MLB specifically , you're owning part of a sport that has an aging fan base and while I wouldn't bet anything on this, the long-term bear case would be that some of these sports become way less relevant and are displaced by alternatives (gaming/esports, soccer).

The Braves specifically have a pretty decent chunk of associated RE which is being developed and that makes them a little more unique here. Especially in Atlanta, which is one of the great growth beds in the US.

Castanza

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Re: What are you buying today?
« Reply #5719 on: September 18, 2020, 02:41:19 PM »
BATRK

I get the thesis with sports teams in general...they are trophy assets that keep going up in value because billionaires don't have anything better to do with their fortunes.

Most of these teams don't generate much in the way of cash flow (probably except NFL due to non-guaranteed nature of contracts), so it's kind of like owning gold where you hope that there's a bigger fool who wants the team for glamour.

There may be a more fundamental angle to this, but I guess I prefer assets that cash flow or have a reasonable expectation of cash flowing.

In the case of MLB specifically , you're owning part of a sport that has an aging fan base and while I wouldn't bet anything on this, the long-term bear case would be that some of these sports become way less relevant and are displaced by alternatives (gaming/esports, soccer).

To put it plainly...it looks cheap. Baseball may be declining but Iím not too worried about that in the near term (5 yrs). I think the game will change and evolve and people will eventually come back to it. Plus there is the whole tax haven for some billionaire angle to owning a sports team

https://www.yourfinancialwizard.com/taxation-professional-sports-teams-team-owners/

Itís not a huge position for me currently, but Iíll probably continue to add over the next year if it stays depressed. Iím a bit of a sucker for simple thesis.
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