KJP Posted February 26, 2020 Posted February 26, 2020 Rosetta Stone Black Stone Minerals Tandy Leather Factory
Spekulatius Posted February 27, 2020 Posted February 27, 2020 Added a small bit to MSG at 272. Algos are going bananas today Not Algos, they depend on live events which might get cancelled if things go Corona south. MSGN is tied to the same mast. The volume surges definitely seem like algos, and zip within ranges quite noticeably. Either way, at worst, this is a one off hardship assuming its full blown Resident Evil. Hardly enough to impair the value 10% when it's already discounted 20%+. Just markets being skittish. Could be worse. Like AMC. I know I repeat myself regarding MSG, but “fear the sphere” (in Las Vegas) is a bigger concern than a virus induced zombie apocalypse for me. I can see already the news headlines about cost overruns first and a $500M write down next. Anyways, added to PSX and a bit more DFS, STAY and FRA.DE
Agrippa07 Posted February 27, 2020 Posted February 27, 2020 added to my recently opened position in Ab Inbev
scorpioncapital Posted February 27, 2020 Posted February 27, 2020 Some BRK.B @1.23 P/B Same..every time I scan the market brk seems imminently reasonable at these prices, although be sure to adjust for inevitably lower mark to market equity portfolio. Probably it's closer to 1.3 but still reasonable.
Gregmal Posted February 27, 2020 Posted February 27, 2020 Added a small bit to MSG at 272. Algos are going bananas today Not Algos, they depend on live events which might get cancelled if things go Corona south. MSGN is tied to the same mast. The volume surges definitely seem like algos, and zip within ranges quite noticeably. Either way, at worst, this is a one off hardship assuming its full blown Resident Evil. Hardly enough to impair the value 10% when it's already discounted 20%+. Just markets being skittish. Could be worse. Like AMC. I know I repeat myself regarding MSG, but “fear the sphere” (in Las Vegas) is a bigger concern than a virus induced zombie apocalypse for me. I can see already the news headlines about cost overruns first and a $500M write down next. Anyways, added to PSX and a bit more DFS, STAY and FRA.DE I do think the sphere may be a problem... but... a lot of thought and conversations have led me to believe that the exact scenario you describe, costs getting out of hand, will force Dolan to pull the trigger on an asset sale. People have already wrote down the net cash position because of the sphere. If any extra $300-500M in costs present themselves it almost certainly puts a lid on Sphere London, and most likely forces Dolan to go to market with some assets. The scenarios Ive heard are that following the spin, the sports assets become the ATM. His real interests are the entertainment business and the RSNs. Probably in that order.
rkbabang Posted February 27, 2020 Posted February 27, 2020 Added to BRK.B at $211.xx Sold some GOOG yesterday and just used about half of it to buy BRK.B today.
Gregmal Posted February 27, 2020 Posted February 27, 2020 NVTA, to close out a short position. Covered a little PLUG too. Also added some BRK
Gregmal Posted February 27, 2020 Posted February 27, 2020 TQQQ with a stop at $80. Just a short term trade in the event we bounce
compoundinglife Posted February 27, 2020 Posted February 27, 2020 TQQQ with a stop at $80. Just a short term trade in the event we bounce Why TQQQ (nasdaq) over UPRO (SP500), just curious.
Gregmal Posted February 27, 2020 Posted February 27, 2020 More leverage, and tech heavy poo poo stuff should lead the way. If I was looking to hold overnight or longer term I'd find a different vehicle(duh).
compoundinglife Posted February 27, 2020 Posted February 27, 2020 More leverage, and tech heavy poo poo stuff should lead the way. If I was looking to hold overnight or longer term I'd find a different vehicle(duh). I think they are both 3x. Yeah, Tech leading the way seems reasonable if there is a bounce back.
Gregmal Posted February 27, 2020 Posted February 27, 2020 TQQQ with a stop at $80. Just a short term trade in the event we bounce Well thank god for stop loses! Fun finish to the day...
TwoCitiesCapital Posted February 27, 2020 Posted February 27, 2020 Sold my final put position. Held onto quite a bit of cash, but started selling cash covered puts on names I own (VIX is at 34!) and purchased more Fairfax India.
Viking Posted February 27, 2020 Posted February 27, 2020 BRK (again) Buffett commented Berkshire would fall less than the general market in a sell off. Let’s hope that is true :-). Having 20% of market cap in deployable cash has to matter at some point.
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