Paarslaars

SAVE calls, small position.

Couple of JOE calls on margin.

August '24, 50$ & 60$ strikes.

Swapped some JOE shares for calls.

Bought some UMI june '25 options.

Sold my STG position. Still believe in the stock but finding better things to buy and I'm already invested 110%.

So how are we playing this, diamonds and precious metals?

Bought some more OSTK options this week when the stock dropped below 15$, nice timing. Also was able to snatch up a few shares of GXE at 0.83 but most of the order hasn't filled yet.

Restarted a position in GXE

Little bit more PCYO

Well the only criteria here is survival... not lifestyle. The 100/0 will typically result in higher returns, making your % withdrawal rate drop or increase your standard of living.

Very small position of OSTK calls.

Si cathodes? You mean anodes? Well they are integrating Si in C now and gradually increasing the %. The problem is volume expansion... The Si can take up a lot more Li but needs the space for it. So now they are integrating Nano Si but this needs a matrix of sorts to hold on to.

Expecting higher returns from FFH coming years... BRK at 1.5x book is fairly valued.

Exited BRK.B in my personal portfolio (still heavy in my family portfolio)

Added some OXY & PCYO. Started position in Petrobras.

The most important thing I needed to realize was Buffets comparison to baseball. "The trick in investing is just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot. And if people are yelling, 'Swing, you bum!,' ignore them." The only thing is, I'm the idiot yelling 'Swing, you bum!'. I needed to learn to shut myself up..

Wow, they find aliens that look exactly like E.T.? What are the odds man

Not very familiar with this so I checked with a colleague. He said both companies produce stand-alone Si anodes. This means they make the complete electrode themselves. The advantage is high E-density, the down side is high cost. Also this is not a drop-in technology so battery cell makers need to adapt their production lines in order to implement it. Basically it could be interesting in a nice business that requires high E-density and high life cycle. However not that applicable to EV's... so don't expect large growth.

Silicon instead of Carbon? You mean on the anode side I assume. This is industry wide already accepted as the next steps and quite a few companies are already producing and upscaling this. I work for Umicore, we are involved in all components (cathode and anode for all applications and electrolyte for solid state). Don't really have a primer on this but can answer some questions, difficult sector to make money in as there is a lot of pressure on price.

Added some Nintendo today

Been re-balancing some accounts. Family account is now 50/50 BRK/FFH. The result is a net add to FFH.

Added to JOE

Well the main 'risk' with calls is the time frame. Since there was a clear deadline of August 31st with the earnings report, this eliminates the risk since my thesis was that we should already see substantial benefit. I mean they got a 30B company for 3B (+5B in debt)... and the stock went down... that was just insane. The upside had to be visible right away on earnings... hence my choice for calls (+ the fact that it's nice leverage :)). Alternatively I'm a strong believer in the Nintendo thesis but honestly have no clue on timing so I only hold the stock. I rarely do options to be honest, this was just a 'slap in the face' special situation for me.

Sold my UBS dec '23 20$ calls as the thesis has +/- played out. Roughly 440% return in 6 months, very happy with it. The sale brought me from -10% cash to 30% cash. Have not bought anything yet but will add on dips in existing positions (FFH, JOE, Nintendo, OXY...)