LC Posted January 27, 2022 Posted January 27, 2022 56 minutes ago, Ross812 said: Started a position in SONO. Brand recognition, great balance sheet, margins are good, '22 PE of 15 and growing at 15%+. Audi deal and they successfully defended their patent against google. Every Sonos household buys on average 2.75 speakers and their music subscription service is getting traction. I see this becoming the Apple of home audio. Their products are decent but pricey as hell. That said I'm an audiophile who can squeeze a penny so I probably shouldn't be projecting that onto their customer base. My buddy spend like 3k on sonos equipment for his spot, just because it's the easiest platform for whole home audio (with actual speakers - not counting amazon/google home devices)
aws Posted January 27, 2022 Posted January 27, 2022 Bought some more OZ. To my knowledge it's the only stock in the world that gives you an immediate tax deduction when you buy it. It's a dollar for dollar tax deduction where you write off 100% of your purchase price, retroactive to last year so you get to claim the deduction on your 2021 tax return, and to boot it's selling below NAV.
LC Posted January 27, 2022 Posted January 27, 2022 Yesterday I freed up some cash and today I pulled a Greg (bought PSTH as a cash sub with upside optionality) Past week or so I've been picking at things, generally in order of size: MSFT under and around 280 Berkshire under 300 Bought some T in the 24s The RE plays everyone loves (CLPR<9, AIV<7, MSGS<70) C around 60 Bought some damn SNC that Dazel and Gabe love although I may eat my hat there A bunch of stuff I flipped intraday 2 days ago when the market swung like +/- 7% in a few hours. Pretty much my strategy is: wake up, if the market is tanking, try and buy some quality stuff. Go skiing for a few hours. Come back, if the market is now up 5%, sell half that stuff. If not, wait till tmrw.
Dinar Posted January 28, 2022 Posted January 28, 2022 1 hour ago, aws said: Bought some more OZ. To my knowledge it's the only stock in the world that gives you an immediate tax deduction when you buy it. It's a dollar for dollar tax deduction where you write off 100% of your purchase price, retroactive to last year so you get to claim the deduction on your 2021 tax return, and to boot it's selling below NAV. could you please explain how it works?
IceCreamMan Posted January 28, 2022 Posted January 28, 2022 12 hours ago, Charlie said: Sold an underperforming fund of my parents and bought Ali Baba. Mr. Munger, is that you?
formthirteen Posted January 28, 2022 Posted January 28, 2022 (edited) Nibbled on 9988.HK, PDD Edited January 28, 2022 by formthirteen
lnofeisone Posted January 28, 2022 Posted January 28, 2022 Bought SNC, ABNB, LSXMK starters, CVE/WS now 5% of portfolio, KWEB calls (half a position).
Red Lion Posted January 28, 2022 Posted January 28, 2022 Started a position in BUR at $9. I had a previous roundtrip trade with this in the aftermath of the Muddy Waters short report where I exited at $10.20 and have been following the company since then, and feel like this is a good time to start buying in.
Gregmal Posted January 28, 2022 Posted January 28, 2022 2 minutes ago, RedLion said: Started a position in BUR at $9. I had a previous roundtrip trade with this in the aftermath of the Muddy Waters short report where I exited at $10.20 and have been following the company since then, and feel like this is a good time to start buying in. Used to own it. Total shame what happened to the company. Literally nothing from the clown report turned out accurate but reputational damage here was massive. Basically pure smash and grab as Cohodes calls it.
Red Lion Posted January 28, 2022 Posted January 28, 2022 Just now, Gregmal said: Used to own it. Total shame what happened to the company. Literally nothing from the clown report turned out accurate but reputational damage here was massive. Basically pure smash and grab as Cohodes calls it. Agreed regarding the reputational damage to the stock. I got lucky because I had a starter position going into the short report and ended up buying a large position at under $6 US and ended with around a 50% gain in a few months exiting just over $10. I've been watching the share price tread water since then and think the long term upside could be huge if they're able to scale up this business model, it seems like a logical takeout candidate for an alt asset manager if the strategy can be proven. I have some personal experience with litigation finance, and there are a lot of shady small operators in this space financing personal injury cases, etc. Burford seems to finance serious blue chip litigation by comparison, has more ties in the United States, and is starting to play with third party capital for a pretty huge carried interest %. So if they really can keep pulling 30% IRR on these non correlated litigation financings then this seems like a really good place to be over the medium to long term. Covid definitely has delayed a lot of litigation, but my understanding is that BUR will likely be able to recover higher total fees based on its funding agreements the longer a financing remains in place.
boilermaker75 Posted January 28, 2022 Posted January 28, 2022 On 1/27/2022 at 10:12 AM, boilermaker75 said: I wrote some Jan 28 expiration, 47.5-strike puts for $0.31. I bought back the Jan 28 expiration, 47.5 strike puts for $0.67 and sold the Feb 11 expiration, 46-strike puts for $1.06
LC Posted January 28, 2022 Posted January 28, 2022 (edited) Took some trading profits Starter position is good ole Disney Also curious re: the previous comment on Belpointe OZ re tax deductions. Per their whitepaper you can invest capital gains realized from any investment from the prior 180 days, into OZ, and claim a tax deduction on those - not realizable for the lesser of 10 years or when you sell OZ? Why not take all my cap gains over the last 5 months of 2021 - buy OZ for that amount, sell OZ a few days later, and defer that entire taxable amount to 2022? Could I then repeat the process in another 180 days? wp here: https://belpointeoz.com/wp-content/uploads/2022/01/Opportunity-Knocks-White-Paper-1.22.2022.pdf Edited January 28, 2022 by LC
gfp Posted January 28, 2022 Posted January 28, 2022 Your theory probably explains the huge volume right before year end and big sell-off right after year end.
Spekulatius Posted January 28, 2022 Posted January 28, 2022 Added a bit to PSMT (the other Costco). Starter in BAH.
nwoodman Posted January 28, 2022 Posted January 28, 2022 Starter position in DIS on the open. Hardly crazy cheap but it was an itch that needed to be scratched. At <$120 it becomes more interesting
formthirteen Posted January 31, 2022 Posted January 31, 2022 Bought back SPOT and PDD. Also bought STNE. I'm sure their stock prices will be volatile. Growth is back, for today?
competitive-advantage Posted January 31, 2022 Posted January 31, 2022 Starter in Googl. They show me more and more ads on Youtube and I still like their service. They can do the same on their other services.
Castanza Posted January 31, 2022 Posted January 31, 2022 (edited) Adding to NTDOY Starter ATUS Edited January 31, 2022 by Castanza
Pelagic Posted January 31, 2022 Posted January 31, 2022 Starting a position in PYCO for the second time around.
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