Gregmal Posted August 10, 2021 Share Posted August 10, 2021 On 8/6/2021 at 10:30 AM, Gregmal said: In case you guys are still holding...word of advice on the CRISPR stocks....never sell a small piece of your position. If you understand the investment case, the sky is the limit and irrespective of how it plays out the moves in these names will shock you so dont get too giddy after a simple 10-20% move. Ive generally found trimming 20-30% of the position after 30-50% moves or so works. Then reverse that process in terms of accumulating. You'll have your original investment pulled in no time. Took 30% off CRBU today. Nice little move here. Link to comment Share on other sites More sharing options...
rosemontseneca Posted August 10, 2021 Share Posted August 10, 2021 16 hours ago, changegonnacome said: Me too Las Vegas is never shutting down again & NYC......well.......vaccination rates are high, it was epicentre of early COVID so lots of people with Mid-2020 naturally acquired antibodies.....combined NY metro is probably at ~75% of adults with COVID antibodies . Lockdowns wont be needed, health system wont be overwhelemed and NY'ers are done staying in their basements MSG Arena will be full this fall/winter with sports and concerts Rockettes will be jam packed as it has been for 84 years (excepting last year) Tao Group restaurants are already full / booked out in NYC for weekend nights Sports betting is coming to NY state - MSGN will have super engaged viewers for knicks/rangers games & desperate advertisers looking to pitch their gambling gaming app Does anyone worry about the expiration of the MSG use permit in 2023? With Cuomo on the way out, I don't think MSG is as well protected politically as it was in 2013. Could MSG get shut down or get forced to build elsewhere without adequate compensation? That said, the SOTP math still works even if you zero out the garden. Link to comment Share on other sites More sharing options...
Gregmal Posted August 10, 2021 Share Posted August 10, 2021 ^I do actually worry about something like that from time to time. Its never actually been explained to my satisfaction what the ramifications of that scenario are. However I ultimately fall back on the fact that I think this would be an unmitigated PR nightmare, and self inflicted, easily avoidable wound for the politicians as MSG is basically a NYC historical landmark and there's few things that NYers are more passionate about, to a non partisan degree, than their sports and entertainment. Link to comment Share on other sites More sharing options...
rkbabang Posted August 10, 2021 Share Posted August 10, 2021 1 hour ago, Gregmal said: Took 30% off CRBU today. Nice little move here. The day I bought CRBU for $16.82 I set a sell limit order for half of my shares at $33.71 (just over double). It will probably get there soon. Link to comment Share on other sites More sharing options...
Gregmal Posted August 12, 2021 Share Posted August 12, 2021 tacked on a few BAM @55.6 Link to comment Share on other sites More sharing options...
Spekulatius Posted August 12, 2021 Share Posted August 12, 2021 (edited) Bought/Added: KNBE (flipped position already) MSP: small starter (added before earnings) NTDOY (add) MGACPO.MX (add) TGTX (tracker) Edited August 12, 2021 by Spekulatius Link to comment Share on other sites More sharing options...
backtothebeach Posted August 12, 2021 Share Posted August 12, 2021 On 8/10/2021 at 4:33 PM, Gregmal said: Took 30% off CRBU today. Nice little move here. Nice call! CRBU has now retraced 33% of its $ gains from the low of $15.03 to the high of $28.96. If it retraces 50% the reentry price could be around $22. I actually don't use TA usually, but how else would you find a method for trading around a position if not retracements, support/resistance, or gaps? Interestingly there are no gaps to be filled, even though the rise took only 9 trading days. Link to comment Share on other sites More sharing options...
DooDiligence Posted August 12, 2021 Share Posted August 12, 2021 Added a little SoftBank to make it a 2.6% allocation. Link to comment Share on other sites More sharing options...
Gregmal Posted August 12, 2021 Share Posted August 12, 2021 1 hour ago, backtothebeach said: Nice call! CRBU has now retraced 33% of its $ gains from the low of $15.03 to the high of $28.96. If it retraces 50% the reentry price could be around $22. I actually don't use TA usually, but how else would you find a method for trading around a position if not retracements, support/resistance, or gaps? Interestingly there are no gaps to be filled, even though the rise took only 9 trading days. Technicals to me are like 5-10% of the equation. The variables are always moving though and nothing is static. Good old fashioned gut feeling is the best trading indicator. Discipline and sizing matter too of course. You can take a starter and lose 100% and if its sized right, who cares? Agree a low $20s re-entry on a partial would be ideal. Link to comment Share on other sites More sharing options...
aws Posted August 12, 2021 Share Posted August 12, 2021 Doing my part to bolster Berkshire's Q3 earnings. A week after buying a new house through Berkshire Hathaway Home Services, I bought a house full of furniture at Jordan's. Link to comment Share on other sites More sharing options...
DooDiligence Posted August 12, 2021 Share Posted August 12, 2021 4 minutes ago, aws said: Doing my part to bolster Berkshire's Q3 earnings. A week after buying a new house through Berkshire Hathaway Home Services, I bought a house full of furniture at Jordan's. Does it need paint? May I suggest Benjamin Moore? Link to comment Share on other sites More sharing options...
Lance Posted August 13, 2021 Share Posted August 13, 2021 MSGS Thanks Lance Link to comment Share on other sites More sharing options...
boilermaker75 Posted August 13, 2021 Share Posted August 13, 2021 2 hours ago, aws said: Doing my part to bolster Berkshire's Q3 earnings. A week after buying a new house through Berkshire Hathaway Home Services, I bought a house full of furniture at Jordan's. Thank you! Link to comment Share on other sites More sharing options...
boilermaker75 Posted August 13, 2021 Share Posted August 13, 2021 2 hours ago, DooDiligence said: Does it need paint? May I suggest Benjamin Moore? Good one! Link to comment Share on other sites More sharing options...
irnovo Posted August 15, 2021 Share Posted August 15, 2021 Opened position in GOCO after 40% drop followed by another 20% drop. It dragged down SLQT too so I bought some. Added to EHTH. I am taking a basket approach. These stocks have become cheap, will continue to post >30% growth. I am bullish on this sector due to TAM and secular winds. Link to comment Share on other sites More sharing options...
Spekulatius Posted August 15, 2021 Share Posted August 15, 2021 @irnovoWhat is the issue with $GOCO? Looks like revenues are as expected and cost are higher, due to higher minimum wages /tighter labor markets? If so, it seems likely that competitors like $SLQT and $EHTH will see similar issues. Are these companies have real platforms or are they just glorified call center operators with at risk commissions as main source of revenues. I have been following $SLQT since it’s IPO but never invested. One reason is the spammy nature of their business model. Link to comment Share on other sites More sharing options...
irnovo Posted August 16, 2021 Share Posted August 16, 2021 12 hours ago, Spekulatius said: @irnovoWhat is the issue with $GOCO? Looks like revenues are as expected and cost are higher, due to higher minimum wages /tighter labor markets? If so, it seems likely that competitors like $SLQT and $EHTH will see similar issues. Are these companies have real platforms or are they just glorified call center operators with at risk commissions as main source of revenues. I have been following $SLQT since it’s IPO but never invested. One reason is the spammy nature of their business model. For GOCO, on Q2 earnings call, they revised EBITDA for 2021 (from ~350m to ~300) due to increased costs for hiring and retaining sale agents in 2021. EHTH didn't change guidance in Q2 call. SLQT is due to announce earnings on 25th Aug. The companies may seem spammy but it is in their best interest to find the most suitable Medicare Advantage plan for the seniors so that the churn is low. Therefore they really help seniors. I'd highly suggest most recent write up on VIC as well as the discussion in comments. With so many MA plans available (~28 on avrg), it can really get difficult for the seniors to choose the most appropriate plans. I don't see any reason why these platforms would fail to post high rev growth in coming years. They all have ~2-3 LTV/CAC, meaning that every additional approved member adds to profitability. Link to comment Share on other sites More sharing options...
Gregmal Posted August 16, 2021 Share Posted August 16, 2021 Little add to MSGS and doubled my position in Z, now a bit more than 2.5%. Hoping to buy a lot more much cheaper but starting to push myself to stop being a cheapskate and get some more skin in the game. Link to comment Share on other sites More sharing options...
fareastwarriors Posted August 16, 2021 Share Posted August 16, 2021 MSGE... averaging down... Link to comment Share on other sites More sharing options...
changegonnacome Posted August 16, 2021 Share Posted August 16, 2021 MSGE Link to comment Share on other sites More sharing options...
Gregmal Posted August 16, 2021 Share Posted August 16, 2021 (edited) Stuff like the MSGE selloff is why investing is really easy if your time horizon is greater than 1-2 quarters. Remember how a year ago covid killed retail for good, NYC REITs were going to zero, the Sphere was going to bankrupt MSGE, and SPG wasn't worth buying at $65.... Fast forward a year and retail is on fire with many names significantly higher than pre covid levels, NYC is still a shithole but you had 50-100% rallies on the back of just mediocre improvements, MSGE went to 120 and then bought $200M a year in FCF with stock, and SPG is crushing it and raising dividends every quarter. Now some idiots are selling because I guess we still think covid is going to put an end to sports and live entertainment(even though we already saw this notion destroyed last year)...... And on that note, tangentially related, rebought a 3%(fully margined) position in JBGS. Free money. Edited August 16, 2021 by Gregmal Link to comment Share on other sites More sharing options...
cubsfan Posted August 17, 2021 Share Posted August 17, 2021 MSGE - adding here. $63 Link to comment Share on other sites More sharing options...
Lance Posted August 17, 2021 Share Posted August 17, 2021 BABA Thanks Lance Link to comment Share on other sites More sharing options...
fareastwarriors Posted August 17, 2021 Share Posted August 17, 2021 13 minutes ago, Lance said: BABA Thanks Lance Same. + some NPSNY... Link to comment Share on other sites More sharing options...
Gregmal Posted August 17, 2021 Share Posted August 17, 2021 More Z + MSGE Link to comment Share on other sites More sharing options...
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