Author Topic: What are you buying today?  (Read 2194353 times)

berkshire101

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Re: What are you buying today?
« Reply #1200 on: June 08, 2015, 10:43:17 AM »
Bought BRK.B today. 
« Last Edit: August 01, 2015, 06:09:30 PM by berkshire101 »


Lance

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Re: What are you buying today?
« Reply #1201 on: June 15, 2015, 07:49:41 AM »
Shorted TNA (Direxion Daily Small Cap Bull 3X Shares) and bough KMI

Thanks,
Lance

kab60

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Re: What are you buying today?
« Reply #1202 on: June 15, 2015, 08:49:30 AM »
Bought Ntelos again

no_free_lunch

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Re: What are you buying today?
« Reply #1203 on: June 19, 2015, 01:48:34 PM »
DBA $26 Jan / 15 calls.   This is a tiny investment but I think the odds of a spike in grains is higher than the cost implies.   It will still probably be worth $0 but if it hits it could be 10,20,30, maybe even 40x.  Too many stories about drought out there and yet grains are fairly low.

valueyoda

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Re: What are you buying today?
« Reply #1204 on: June 19, 2015, 02:07:09 PM »
CSTM, MU, CHK and BRK/B (Berkshire is now as oversold as it was at the 2009 and 2011 lows, despite only a minor correction).

TwoCitiesCapital

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Re: What are you buying today?
« Reply #1205 on: June 22, 2015, 12:55:19 PM »
Sold about 40% of my OUTR position today.

This is a continuation of my slow deleveraging to pay of margin debt and to raise a cash balance that I have been doing over the past few months.

I'll continue selling at intervals as soon as the gains hit their long-term status and the price stays around here or higher. Now that the shares are up 40%, I have to be more accurate in my assumptions of how quickly its business will decline for further value appreciation and I'm concerned about an overall market decline. I'd rather take the ~30% net profit over the last 12 months generated by margin and not be greedy and regret it.

Liberty

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Re: What are you buying today?
« Reply #1206 on: June 22, 2015, 05:12:09 PM »
CSTM, MU, CHK and BRK/B (Berkshire is now as oversold as it was at the 2009 and 2011 lows, despite only a minor correction).

Can you explain your thinking behind your view that BRK is as oversold now as in 2009/2011? Thanks.

TwoCitiesCapital

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Re: What are you buying today?
« Reply #1207 on: June 23, 2015, 06:39:21 AM »
Just purchased a speculative position in BBRY again as software revenue does seem to be accelerating. Somewhat "blind" faith in John Chen but the numbers do seem to merit some confidence in the guy.

valueyoda

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Re: What are you buying today?
« Reply #1208 on: June 24, 2015, 07:13:15 PM »
CSTM, MU, CHK and BRK/B (Berkshire is now as oversold as it was at the 2009 and 2011 lows, despite only a minor correction).

Can you explain your thinking behind your view that BRK is as oversold now as in 2009/2011? Thanks.

BRK is now as oversold as it was in 2009 and 2011 on the multi-day money flow index, a good long term contrarian indicator how much capital flows in and out of a stock. Often times, this happens in a later stage of the bull market when a stock after a strong up movement becomes highly oversold after a 6 month consolidation or correction period, only to use this as a springboard for a rapid move upwards.

BRK/B is definitely not as undervalued as it was in 2009 or 2011, but is still reasonably priced, with an intrinsic value around $167 per share. It should be noted that the p/b ratio becomes increasingly less relevant, since the percentage of BRK/B's free cash flow derived from non-insurance operations grows rapidly and will continue to do so in the future, so that using a 1.2x p/b multiple yardstick will cause many lost opportunities to buy the stock cheaply, as that particular ratio will only be reached during severe market distress.
« Last Edit: June 24, 2015, 07:16:02 PM by valueyoda »

Liberty

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Re: What are you buying today?
« Reply #1209 on: June 25, 2015, 05:10:51 AM »
CSTM, MU, CHK and BRK/B (Berkshire is now as oversold as it was at the 2009 and 2011 lows, despite only a minor correction).

Can you explain your thinking behind your view that BRK is as oversold now as in 2009/2011? Thanks.

BRK is now as oversold as it was in 2009 and 2011 on the multi-day money flow index, a good long term contrarian indicator how much capital flows in and out of a stock. Often times, this happens in a later stage of the bull market when a stock after a strong up movement becomes highly oversold after a 6 month consolidation or correction period, only to use this as a springboard for a rapid move upwards.

BRK/B is definitely not as undervalued as it was in 2009 or 2011, but is still reasonably priced, with an intrinsic value around $167 per share. It should be noted that the p/b ratio becomes increasingly less relevant, since the percentage of BRK/B's free cash flow derived from non-insurance operations grows rapidly and will continue to do so in the future, so that using a 1.2x p/b multiple yardstick will cause many lost opportunities to buy the stock cheaply, as that particular ratio will only be reached during severe market distress.

Thanks. The word "oversold" can mean many things, so I wanted to know which one you meant.

Cheers.