Gregmal

Selling some EDIT

They key is to use a little bit of brain power and then just throw a net. Cyber security to me is such a no brainer. I bought CIBR years ago and don’t even look at it. Like ever. It just prints money. Im sure there are others out there like that. With such specific theme based ETFs it really shouldn’t be too hard to find stuff with satisfactory returns.

Hi Gregmal, is your comment from a US perspective. Key factor is that OP is in Canada. Many Canadian mutual funds have expenses of 2.5% and higher. High fees like that on a diversified portfolio of funds WILL have an outsized, negative impact on returns over long periods of time. Yes I should have clarified that. Here in the US it’s common to hear people and media pundits(who are themselves promoting index fund products) whining about expense ratios of .5-1% annually which is a joke. The name of the game is making money in a sensible, risk adjusted way. Not chasing some stupid, man made, basket called an index. Which ironically enough is heavily weighted in a select few companies, who’s pass through expenses ratios far exceed a few basis points. Which is why now many are gaming the system, and just buying the FANGs.

At first I thought this was another muscleman thread. Just buy BRK and GOOG. Average in over time. If you really want ETFs or mutual funds, don’t be afraid of fees. People these days make way too much of an issue of paying for anything. But a good manager is worth every penny. Although it’s easy to see why, after a decade of easy returns, everyone thinks otherwise. Ironically, the number of people who have ACTUALLY realized/achieved easy money returns seems to be dwarfed by the number of people who are in the easy money, don’t pay for anything, buy the index fan club.

I think I mentioned here before(if not it was somewhere else), but the amount of FANG+a few(as I call it) that showed up in the filings on dataroma this quarter was staggering. I continue to pare down high beta, risk equities.

I'll derail this a bit, but dont you worry that the self liquidating narrative is gone? Adding dozens of employees, acquiring assets, and now potentially converting to a C corp doesnt seem like self liquidating to me. The trustees do suck a big giant eggplant emoji, but otherwise, this was hardly broken and I cant help but be a little pissed at all the players involved here for trying to "fix" it.

+5

Started a bit of CLXT

Hamilton Thorne

JEF. Attaining returns from this thing has been like extracting blood from a stone. As such, I'm happily taking my one week returns here and calling it a day.

Interesting clinical candidate with an unmet need. It looks to me like they will need to raise cash with a secondary very soon though. Word of advice...this is a highly promoted stock at tier 4 brokerage houses and to date, the company has been very eager to use any sort of share price bump to raise capital. Note, that's what they all do, some just more regularly than others. Thanks for the color. I have no idea what a Tier 4 brokerage is, but I suspect that these are the dinky outfits that recommend and pump microcaps? Anyways, the way I see it CR P has maybe 2-3 quarter of cash left, which means that they probably raise in the next 3 month or 6 month at the very latest. Typically buying ahead of a secondary is not a winning proposition. Tier 4 example http://www.teribuhl.com/2019/03/19/honigs-broker-dealer-laidlaw-target-of-fbi-investigation/ Good warning on CRBP https://seekingalpha.com/article/4245168-corbus-ties-suspect-investors-history-failed-clinical-trials-lenabasum I have a bunch of accounts at a lot of different places either personally or for those I oversee. So occasionally the dirty wringer produces "sales leads" which I end up on. No joke I had a fellow maybe 4 years ago call me unsolicitedly and hard selling me some options strategy on....Corbus. At like $8. A few days later in went down like 50%. I have nothing to add as to whether what the actual company is doing will bear fruit. But having been almost exclusively involved in seeking out and doing deep dives and short only candidates earlier in my career, I can tell you that many times, just using guilty by association with some of these names, is all you need to do(outside of securing a borrow and timing the short entry :P)

Restarted a little HHC. Replacing a lot of my momo and hot potato stuff with good old boring right now.

I definitely agree with a lot of this perspective. I often laugh to myself at how hypocritical even myself can feel sometimes with various investments and angles because it is an art and something that is highly personal. Your framework for investing can be everything while also being nothing. It can be exact and also inexact. Something sometimes and nothing sometimes. It really does vary situation to situation. Just because something is the same as something that has worked before, doesnt mean that this time it won't be different, and vice versa.

Interesting clinical candidate with an unmet need. It looks to me like they will need to raise cash with a secondary very soon though. Word of advice...this is a highly promoted stock at tier 4 brokerage houses and to date, the company has been very eager to use any sort of share price bump to raise capital. Note, that's what they all do, some just more regularly than others.

Sold some FOX, just in case we get another round trip to $30. Ill be there for that. FOX is on the watch list for sure.

Moderate adds to TPL, started DD today and just put another single family home under contract

Been selling/trimming BX, CRSP, EDIT, LAACZ, NVTA, VITR.SE

Sold down some BX and BAM

Bought a little JEF at the open

Now all we need is another "what do you think of the politics section" thread...

Most of the contributors have their own micro website/ communities, which cost extra. SA gets a cut from them. I am not saying that it doesn’t make sense to pay $20/ month, but I don’t think it’s a great value given that the quality of the freeware commentators is far below what you can find on other message board, including here. Yeah. Totally agree. VIC is way better in terms of quality. Also articles here, though it is harder to find articles here than in VIC for a lot of names that I am tracking. And if VIC is free, I am not gonna pay for seekingAlpha's lower quality articles. Which is fine and all if your actions are consistent with that. But what you're saying is contrary, that there is something you find on Seeking Alpha that you otherwise don’t seem to be able to find elsewhere(otherwise, why would you need to do this?). And your solution is to try to find a way to take something you seem to think has value, without paying for it. There’s a word for that... I would kind of get it if we were talking about thousands of dollars here, but it’s like $20 a month lol....

Well, I'm not trying to sound like a dick, but if we find resources like Seeking Alpha useful, why not just pay the nominal amount of money for it? You guys do realize these places cost money to run, and some of the contributors write and research for a living/side job. Why not pay for something you 1) use, and 2) find useful?

It really depends. With some of the crazy high borrow cost names Ive found going 30% or so OTM and a year plus out does the trick. If you get a reasonable move down it takes care of itself. Otherwise you are still predominantly holding the time value. Whereas short dated and at the money you need to be so pinpoint with your timing its a little too much of a risk for me. Ive seen shit like BYND where you have something more or less at the money pricing in a 10% weekly move which is just insanely difficult to make money on.

sold the RH I bought yesterday after hours for a few bucks

This is an excellent point. Along these lines I found that if you take it a step further and force yourself to buy a nominal number of shares in one of those companies(preferably a market leader), you force yourself to follow it a little bit, read the transcripts and filings, and come to understand what you should appreciate in that area.