Author Topic: What are you buying today?  (Read 2194406 times)

T-bone1

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Re: What are you buying today?
« Reply #290 on: January 24, 2014, 12:06:32 PM »
GST . . . company could probably be sold tomorrow at this price and likely worth $9 in six months


tombgrt

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Re: What are you buying today?
« Reply #291 on: January 24, 2014, 01:12:24 PM »
Yes, it remains a hedge. If I win I practically lose nothing. If the market keeps rising, I win a few percent less. A lot of bearish commentators from different angles (macro, value, technical,..) have been turning. Fear was much higher a year  ago.

yes yes I agree.... btw how exactly do you hedge? with puts on an amount equal to the entire size of your portfolio?



Yes more or less but I'm not very precise about it. For instance, yesterday I bought some GME puts despite being well hedged already. Generally I will lower my put position as it increases in value or add to them as they get worthless. Nothing fancy.

Despite the market drop today, my portfolio was up slightly today and GNCMA isn't making that particulary easy lately. :) It's typical that this kind of market move happens exactly before I leave the country for 4 weeks. Lukily I'll sometimes have access to Wifi in case we get a decent correction.

twacowfca

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Re: What are you buying today?
« Reply #292 on: January 24, 2014, 03:26:59 PM »
More than fully hedged before today. Bought some more OTM puts today to add to the formerly OTM puts that are now ITM. 
« Last Edit: January 24, 2014, 03:29:27 PM by twacowfca »

wescobrk

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Re: What are you buying today?
« Reply #293 on: January 24, 2014, 04:06:03 PM »
Nice job!
Futures are down another 335 for Monday on the Dow

wescobrk

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Re: What are you buying today?
« Reply #294 on: January 24, 2014, 04:19:45 PM »
For the more able people on the board than me regarding macro impact, how big of an impact can the news of the past couple days affect global growth?
I just watched Moynihan on cnbc thinks he United States will grow 3 percent and 3.6 percent for global growth.

alertmeipp

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Re: What are you buying today?
« Reply #295 on: January 24, 2014, 04:20:56 PM »
Nice job!
Futures are down another 335 for Monday on the Dow

Come on, check your number. :)

alertmeipp

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Re: What are you buying today?
« Reply #296 on: January 24, 2014, 04:24:16 PM »
For the more able people on the board than me regarding macro impact, how big of an impact can the news of the past couple days affect global growth?
I just watched Moynihan on cnbc thinks he United States will grow 3 percent and 3.6 percent for global growth.

What news? The only news I remember that is significant was China's PMI dropped. Market does not go straight up or down.

alertmeipp

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Re: What are you buying today?
« Reply #297 on: January 24, 2014, 04:25:06 PM »
More than fully hedged before today. Bought some more OTM puts today to add to the formerly OTM puts that are now ITM.

Nice, I sold half of my OTM puts. I wasted lots of money on these so called hedge last year.

wescobrk

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Re: What are you buying today?
« Reply #298 on: January 24, 2014, 04:33:39 PM »
"Come on, check your number"

I checked Bloomberg from my phone.
Apologize if misread it.

alertmeipp

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Re: What are you buying today?
« Reply #299 on: January 24, 2014, 04:38:16 PM »
"Come on, check your number"

I checked Bloomberg from my phone.
Apologize if misread it.

No worries, that's the future for today, not next Monday.
(I mean the 300 pts is today's drop)
Future is indeed lower than todays' close tho.
« Last Edit: January 24, 2014, 04:39:52 PM by alertmeipp »