Author Topic: what are you selling today?  (Read 138826 times)

DooDiligence

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Re: what are you selling today?
« Reply #410 on: March 19, 2020, 03:00:42 PM »
I bought a little DIS yesterday for $80 & sold today for $94.
Kept a bit & added it to what I already owned.
Would like to do this again.

Trading around other stuff with an eye towards adding on the cheap as well.

BRK, DIS, EW, NVO, PSX, ULTA, VDE

Let's hear it for stinker bids
and volatility.
« Last Edit: March 19, 2020, 03:09:21 PM by DooDiligence »
AFL // BRK.B // CLB an incredibly stupid move // DIS // EW // GPC // MO an incredibly stupid ex-CEO // NVO // PSX // ULTA // VDE // VLGEA // WFC

Investable cash 16% + 18 months of survival $


woltac

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Re: what are you selling today?
« Reply #411 on: March 19, 2020, 03:21:58 PM »
Bought DIS @ 85.02 yesterday and sold today for 95.40
Bought MCD for 125.00 yesterday and sold today for 147.30.

I donít usually trade much, but couldnít pass up the one day gain and wanted to keep more dry powder for the next leg down.  I did not think the buy orders would be filled yesterday and put in similar, but lower orders in after selling.


Castanza

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Re: what are you selling today?
« Reply #412 on: March 20, 2020, 08:19:14 AM »
Exited RTN at 130. Have been buying pretty sizable positions the past few days from 117-108. Wasn't expecting this bounce back so quickly.

Viking

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Re: what are you selling today?
« Reply #413 on: March 24, 2020, 09:40:56 AM »
Back to 100% cash. Sold everything i bought yesterday for a 6.5% average gain in 24 hours. I am lucky as all of my investments are in accounts where gains are tax free (I pay taxes when i withdraw the funds). This greatly simplifies the investment decision (to not have to think about taxes). This volatility is crazy.

Soon (next 7-14 days) we will start to see the health and economic damage in North America. Could be ugly. Happy to sit in the weeds and see what Mr Market serves up moving forward...

no_free_lunch

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Re: what are you selling today?
« Reply #414 on: March 25, 2020, 11:50:27 AM »
Any good short candidates out there?   I saw alwaysDrawing's post and it reminded me that this is a good day to put on a hedge.

One candidate I am looking at is AAPL.  How in the hell are people going to buy their products if they can't even pay rent?  This is a consumer discretionary company in my mind, it shouldn't be selling at 20x earnings.   Yes they have cash or tangible book but it is around 1/10 of current market cap.  I remember in GFC they sold below their net asset value (not saying that will be repeated but throwing it out for comparison).   

AAPL is 100% a bet on Corona virus blowing up the economy, I do not expect this to pan out otherwise. I am also almost fully invested so more a hedge against my gut that things will be okay.  I am buying relatively short duration puts (June 2020 maturity) that are deep out of the money.   If things really go to hell and apple get cut in half they could do 10-15x.
« Last Edit: March 25, 2020, 12:04:27 PM by no_free_lunch »

woltac

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Re: what are you selling today?
« Reply #415 on: March 25, 2020, 12:14:02 PM »
I sold the MKL purchased on March 18th for a 13% gain.  Pretty sure I will get another shot at MKL at an even lower price.

I donít see this party lasting very long when all the non stimulus news is negative.

clutch

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Re: what are you selling today?
« Reply #416 on: March 25, 2020, 12:54:52 PM »
It's kind of amusing to see how markets like these trigger many people's desires to speculate.

BG2008

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Re: what are you selling today?
« Reply #417 on: March 25, 2020, 02:01:24 PM »
Any good short candidates out there?   I saw alwaysDrawing's post and it reminded me that this is a good day to put on a hedge.

One candidate I am looking at is AAPL.  How in the hell are people going to buy their products if they can't even pay rent?  This is a consumer discretionary company in my mind, it shouldn't be selling at 20x earnings.   Yes they have cash or tangible book but it is around 1/10 of current market cap.  I remember in GFC they sold below their net asset value (not saying that will be repeated but throwing it out for comparison).   

AAPL is 100% a bet on Corona virus blowing up the economy, I do not expect this to pan out otherwise. I am also almost fully invested so more a hedge against my gut that things will be okay.  I am buying relatively short duration puts (June 2020 maturity) that are deep out of the money.   If things really go to hell and apple get cut in half they could do 10-15x.

Ferrari at 40x P/FCF and Kinsale Capital (Insurance company at 6x BV) Not my original idea, but it just looks pricey.  Ferrari factory is also shut down for at least 2 weeks. 

Spekulatius

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Re: what are you selling today?
« Reply #418 on: March 25, 2020, 03:09:10 PM »
Any good short candidates out there?   I saw alwaysDrawing's post and it reminded me that this is a good day to put on a hedge.

One candidate I am looking at is AAPL.  How in the hell are people going to buy their products if they can't even pay rent?  This is a consumer discretionary company in my mind, it shouldn't be selling at 20x earnings.   Yes they have cash or tangible book but it is around 1/10 of current market cap.  I remember in GFC they sold below their net asset value (not saying that will be repeated but throwing it out for comparison).   

AAPL is 100% a bet on Corona virus blowing up the economy, I do not expect this to pan out otherwise. I am also almost fully invested so more a hedge against my gut that things will be okay.  I am buying relatively short duration puts (June 2020 maturity) that are deep out of the money.   If things really go to hell and apple get cut in half they could do 10-15x.

Ferrari at 40x P/FCF and Kinsale Capital (Insurance company at 6x BV) Not my original idea, but it just looks pricey.  Ferrari factory is also shut down for at least 2 weeks.

Also million $ collector cars may be less important when folks are short on cash.
Life is too short for cheap beer and wine.

Gregmal

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Re: what are you selling today?
« Reply #419 on: March 25, 2020, 03:18:01 PM »
Just my 2c, but arent there easier targets here than a premium company that targets the ultra rich? It can/could work, but Ferrari is a great company, with a huge moat, and product with insatiable demand. Id gander Ford is a better short than Ferrari. I mean we just saw Ballmer pay $400M for a stadium-yesterday! Its possibly a one off. But its also not farfetched wealthy folks will continue to be better off than average folks. Why get cute going after a world class business when you can go after turds? Even if you hit, you still have to nail the landing trading wise, because like other best of breed companies, these do bottom and rebound hard.


Disclosure, I shorted some F today.