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LC

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Everything posted by LC

  1. bought some akamai and qualys.
  2. The opposite holds true as well, though. Good companies + time is a recipe for success. Of course, identifying good companies is difficult and needs to be consistently re-evaluated as ourkid8 mentioned.
  3. I sold Berkshire LEAPs I purchased a month ago. Long the stock and would gladly buy back into the LEAPs, but will lock 20% profits in a month.
  4. Purchased some Berkshire.
  5. Why TLT and not traditional protection such as GLD?
  6. Some interesting (perhaps conspiracy garbage) commentary:
  7. Considering WSB's big win was Gamestop equity, wouldn't that mean both of the above? :D
  8. https://www.investopedia.com/terms/n/nakedshorting.asp Despite being made illegal after the 2008–09 financial crisis, naked shorting continues to happen because of loopholes in rules and discrepancies between paper and electronic trading systems. Per SEC regulations, participants in naked short selling activities can be charged with a crime. In fact, in 2014, two Florida State University professors were charged with using a naked short selling strategy in 20 companies to earn more than $400,000 in revenue. In 2018, there was widespread speculation that naked shorting was endemic in the cannabis sector as shares were highly sought after and thus limited, but short interest continued to grow regardless.
  9. I think you’re right that it does have a conspiratorial slant but I wouldn’t call it garbage. It does illustrate the mechanics of how over 100% of a company’s float can be shorted, the interconnectivity between funds, brokers, and clearinghouses, and some techniques used to conceal short positions.
  10. This is a great read for some tangential understanding regarding the GameStop fiasco: http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html
  11. I would suggest his 56 min video from July 2020 on GameStop. It was good work!
  12. Trough to peak, I agree small and micro caps will outperform, but what about peak to trough? The difficulty is knowing where we are in the cycle!
  13. I definitely missed that one. I didn't realize Schwab left, either. I always enjoyed reading his posts. Hopefully he returns.
  14. Old thread but I have been interested by Garmin recently. To answer the thread title, it appears "deep value" was the right answer. Curious what the board thinks on the valuation here. I think the product offering is attractive, I think it also has tailwinds behind it. IMHO it trades at a "somewhat" reasonable valuation in the age of YOLO.
  15. My wife sends me an email about the Weedmaps SPAC and says "I heard everyone is talking about Gamestop but this could be some small easy big money". Now I am concerned. If she goes and gets WSB on her side I may surrender control of the accounts to her ;D
  16. Trimmed some IRM.
  17. Cubs, Greg is gone now. You're next if you don't stop the political posts. Zero tolerance going forward for board members, so everyone else, pay attention! Cheers! Greg is banned? The worst the guy ever did was call me a silver spooned baby. I took it as a compliment in fact ::) Meanwhile we've got YOLO threads and such. What times we are living in...
  18. There must be a certain Canadian slant here because the Kieso book was also my financial accounting textbook, way back when. Personally I think financial accounting changes at a snails pace and is relatively straightforward, any used textbook from the last few years will be just fine. The McKinsey valuation book and other such books do touch heavily on financial statements but are also very involved with what metrics are important and why. It is a good primer. Other aspects you are mentioning will touch other topics such as marketing, distribution, product/industry specifics...many of this is only learned with experience or specific expertise (e.g. medical knowledge, engineering knowledge, etc.)
  19. Appreciate the commentary.
  20. Is this a response to the superstockmarket and government monetary policy?
  21. I wish Mirantis/Docker was public. Bought BRK the past few trading days.
  22. https://www.washingtonpost.com/health/2021/01/15/trump-vaccine-reserve-used-up/
  23. Dammit, yeah - you're right. Crackpot ideas from a money bubble.
  24. Does anyone ever use short positions to accumulate high quality companies with extreme valuations? Let's say I want to own Tesla but can't stomach paying 100X earnings or whatever it is nowadays. And further let's say I think a fair price is 75x earnings. Just to use random round numbers. One could buy Tesla with $100 and then use options to short NIO for $25 of notional exposure. Or some other electric car company that you feel is "inferior" to Tesla. So worst case is Tesla drops and NIO doesn't, ok sure. But I think more realistically in a downturn your Tesla position is hedged to your "fair value" price, and perhaps the more volatile hedge company pays off even further.
  25. Unless the wholly owneds are faltering and the investment portfolio is balancing it out? Also I bought Brk calls yesterday.
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