Author Topic: What are you buying today?  (Read 2109356 times)

wisowis

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Re: What are you buying today?
« Reply #6170 on: January 13, 2021, 08:08:10 PM »
Bought some ATD.B


Gregmal

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Re: What are you buying today?
« Reply #6171 on: January 14, 2021, 07:48:59 AM »
added more BRK.

boilermaker75

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Re: What are you buying today?
« Reply #6172 on: January 14, 2021, 08:14:18 AM »
added more BRK.

Wrote some 232.5-strike 1/15 expiration puts. Effectively a limit order for tomorrow that I get paid for.

Gregmal

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Re: What are you buying today?
« Reply #6173 on: January 14, 2021, 08:20:39 AM »
I bought a few shares but finally gave in and picked up some leaps as well. 2022 175s.

Castanza

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Re: What are you buying today?
« Reply #6174 on: January 14, 2021, 08:28:12 AM »
ATCO, PCYO, PBCT, WFC
Core: MSFT | GOOG | AAPL | CMCSA | VZ | RTX | MSGS | BATRK | PBCT | WFC | USB | PNC | BAC | TPL | PPL | PCYO | GRBK | PLNT | ATCO | ESPO | HACK

Funny Money:

willie2013

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Re: What are you buying today?
« Reply #6175 on: January 14, 2021, 12:23:17 PM »
Again MSOS and selling a 2/19/21 covered call

Gregmal

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Re: What are you buying today?
« Reply #6176 on: January 15, 2021, 11:45:34 AM »
More BRK, closing in on 20% allocation!

Viking

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Re: What are you buying today?
« Reply #6177 on: January 15, 2021, 12:21:32 PM »
More BRK, closing in on 20% allocation!

So why so bullish on BRK? Is it absolute value? Relative value? Cyclical play?

What are a catalysts to get the stock moving? More buybacks? Mystery new purchase? Buffett finally putting cash hard to work?

One headwind is Apple valuation (very expensive and could come way down if we get a sell off).

Do you really like financials?

I do like BRK; it looks cheap... is it crazy cheap (to warrant big overweight)? Just trying to understand...

boilermaker75

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Re: What are you buying today?
« Reply #6178 on: January 15, 2021, 12:37:06 PM »
More BRK, closing in on 20% allocation!

That is what I would call a starter allocation! LOL

Gregmal

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Re: What are you buying today?
« Reply #6179 on: January 15, 2021, 12:39:12 PM »
More BRK, closing in on 20% allocation!

So why so bullish on BRK? Is it absolute value? Relative value? Cyclical play?

What are a catalysts to get the stock moving? More buybacks? Mystery new purchase? Buffett finally putting cash hard to work?

One headwind is Apple valuation (very expensive and could come way down if we get a sell off).

Do you really like financials?

I do like BRK; it looks cheap... is it crazy cheap (to warrant big overweight)? Just trying to understand...

Just my opinion of course but its all of the above and then some. Apple may have been a huge home run, but that certainly didnt get fully priced into the shares. I bring up from time to time my mistake of buying BRK at $196 in Jan 2019 bc I liked the exposure to AAPL at $160(pre split) and all the financials...

I think buybacks will be solid, although somewhat muted as a result of the longer YE-Q1 blackouts requirements. But going forward I would expect repurchase figures to ramp, much more in line with the most recent Q than those before it.

Financials have also run, but again, BRK? Not so much. Insurance should be solid. Energy will continue rebounding. Heck this darn thing is basically flat y/y.

I view the spring as coiled. It can win as a cyclical, it can win if rates rise, it can win from these levels in so many different scenarios that the optionality becomes very appealing. Its only a matter of time before the money flow finds its way here as the value proposal between this and the rest of the market is too big to ignore. The upside will happen. Ive noticed this thing tends to move in quick bursts. Downside will be buffered by all the cash, the recovering economy, and buybacks. I see many scenarios where this could easily peel of 15-20% to the upside. I have a very hard time envisioning the same type of downside. $190 is very hard to picture. So I think the deck is stacked quite favorably here and as such, its time to bet big.