Author Topic: What are you buying today?  (Read 2198284 times)

constructive

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Re: What are you buying today?
« Reply #270 on: January 07, 2014, 09:38:28 AM »
Hey Ross isn't it time for the Q1 CoBaF fund rebalance?

Packer's picks GNCMA and INLOT.AT probably need to be added. Also I think a lot of the names only getting 0-1 votes can be safely eliminated.


prevalou

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Re: What are you buying today?
« Reply #271 on: January 07, 2014, 09:40:31 AM »
excellent champagne ! Bernard de Nonancourt was the founder (an old brand he reijevunated), he was a great uncle of my wife.

TwoCitiesCapital

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Re: What are you buying today?
« Reply #272 on: January 07, 2014, 06:20:17 PM »
^^ Why Turkey ETF?

The Turkish market is down some 40+% due to all of the political turmoil and Fed tapering fears. It trades at about a P/E of 9 and a CAPE of 9-10 from what I could tell with the few articles I read. That was enough for me to buy into a diversified index. I don't have enough time to research the underlying country and companies to cherry pick here, but this kind of cheapness on a diversified index in a higher growth emerging market was attractive to me to begin a small position.

I've been moving my U.S. exposure to Europe and emerging markets over the last years and a half as European and Emerging markets are more favorably priced. This small amount of equity exposure to Turkey (about 1% of portfolio value) is in addition to about 2% exposure to Russia (through Gazprom), 6% exposure to Brazil (through BSBR), and my 20% in Europe (various investments). I also have some debt exposure to foreign economies through my fixed income CEF (DSL).

ASTA

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Re: What are you buying today?
« Reply #273 on: January 09, 2014, 02:28:39 AM »
Any one else looking in to Wm. Morrison Supermarkets plc. as this has been the biggest purchase of Francisco Garcia Parames last year.

tombgrt

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Re: What are you buying today?
« Reply #274 on: January 09, 2014, 02:41:27 AM »
I bought more GNCMA at $11.08 a few days ago. Still incredibly cheap.

tombgrt

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Re: What are you buying today?
« Reply #275 on: January 13, 2014, 12:42:52 PM »
Bought last week and today (a little):

GNCMA
OTM puts on SPY, CRM, FB and AMZN (basically to protect long portfolio)
10% short on SPY as hedge

I had already written off the puts as insurance but seems like I could get some use out of them in the end. I'm still 100% long too so market direction shouldn't matter much to me.

petey2720

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Re: What are you buying today?
« Reply #276 on: January 13, 2014, 12:46:57 PM »
Bought TWGP today as a merger arbitrage trade

gfp

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Re: What are you buying today?
« Reply #277 on: January 13, 2014, 01:06:17 PM »
Bought TWGP today as a merger arbitrage trade

I've been looking at Tower as well today, since I received a note from Insurance Insider about the large discount today.  I guess with so many material adverse changes already under Tower's belt, there are some that don't believe there won't be at least one more material 'oops'…  Big spread if it goes through at $3 cash by 'summer' though…

(8-k on merger)
http://www.sec.gov/Archives/edgar/data/1289592/000119312514003005/d653094d8k.htm
http://www.sec.gov/Archives/edgar/data/1289592/000119312514003005/0001193125-14-003005-index.htm

twacowfca

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Re: What are you buying today?
« Reply #278 on: January 13, 2014, 01:55:38 PM »
Added some to the SPY puts we bought a few days ago.  Portfolio is about 2/3 hedged.

Why? WSBASE has flattened out of the year and a half growth slope, but still too early to say there is a change in the trend.

Dynamics of S&P500 slope looks like a market on the verge of a crash, according to Sornette.

Fed is concerned about the development of an asset bubble, so they may not save the bacon this time.

Market cap/ GDP is high etc etc etc

In short, lots of yellow flags.
« Last Edit: January 13, 2014, 02:07:06 PM by twacowfca »

longinvestor

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Re: What are you buying today?
« Reply #279 on: January 13, 2014, 03:24:46 PM »
IMO, the Street is arm twisting the incoming Fed chief as she is thinking about tapering etc.