What are you buying today?

[Gregmal]

That’s the thing. It wasn’t directed at you and I am unsure why you decided it was. It was largely in jest referring to folks in Canada making a stink about French fry names and in general, the larger issue, widespread, fully embraced xenophobia. But anyway, move on. Thread is what are you buying today and I bought some Russian vodka to hedge the possibility that the US bans vodka that happens to be from Russia. Good lord.

[Viking]

6 minutes ago, StubbleJumper said:

 

 

Viking, I'm not particularly offended.  It seems to me that Greg is suffering from the Fox News effect, where relatively minor things are exaggerated and blown out of proportion.  The asset freezing scandal is a prime example.  Last month, assets for a grand total of four people were frozen in a country of 38 million.  And, as it happens, three out of four of those people are currently in prison pending trial on criminal charges related to the freezing of their assets, while the fourth person is out on bail while he awaits his court date. 

 

Christ, since September 2001 at the request of the United States, we've been routinely freezing assets of people suspected of being engaged in terrorist groups.  Investigations are conducted and either the assets are released or the guy faces criminal charges for terrorism.  And we also do it with organized crime when criminal charges are pending.  It's pretty routine stuff.  But, the Fox News version is that we are a totalitarian state.  Whatever.

 

And the news that a single restaurant has nixed the word "poutine" in a country of 38 million?  It's not fake news, but it sure is focusing on the obscure.

 

 

SJ

Normally i am pretty good with this stuff.  But every once in a while i just can’t help myself… i have said my piece and time to move on. So i am done commenting on this topic  

[cubsfan]

^ ^ If you are going to partake in discussions around here - it is an excellent idea to develop a thick skin

and, more importantly, a sense of humor. Pretty easy to see Greg was being his sarcastic old self.

 

...Take it from someone that's been called every name in the book on this board.

 

Where's LC when you need him?!

[LC]

Sorry, have been a bit busy eating freedom fries covered with melanin-rich sauce and vegan Kurds. 
 

In all seriousness, some people do seem to go out of their way to feel offended…and anyone changing the name of a delicious food (which was at one point the base of my hungover food pyramid, along with Schwartz’s) because of a dictator is a dumbass. 

[Gregmal]

On 3/4/2022 at 11:42 AM, TwoCitiesCapital said:

 

Probably the first time in my life that a major options position has worked out for me

 

TLT call spreads and APPL put spreads might get there too. We'll see over the next 6 weeks or so. 

 

Moving on from being offensive to being on the offensive….gold gonna blast through $2000 this week. 10x leverage is fun. 
 

Had the wife make some Poutine tonight, will chase it with some Beluga. Long love French fries and vodka.

 

is there a scenario where gold does poorly? Not in my magic magic 8 ball. 

[Viking]

4 minutes ago, Gregmal said:

Moving on from being offensive to being on the offensive….gold gonna blast through $2000 this week. 10x leverage is fun. 
 

Had the wife make some Poutine tonight, will chase it with some Beluga. Long love French fries and vodka.

 

is there a scenario where gold does poorly? Not in my magic magic 8 ball. 

+1

[Gregmal]

Anyone seeing massive tails for gold? Ww3? Nuke fears. Living in bunkers. Fed with no choice but to keep printing? Destruction of all currencies or a major financial market disruption? How high can this go after being neglected for so long? $5000?

[JRM]

28 minutes ago, Gregmal said:

Anyone seeing massive tails for gold? Ww3? Nuke fears. Living in bunkers. Fed with no choice but to keep printing? Destruction of all currencies or a major financial market disruption? How high can this go after being neglected for so long? $5000?

Now do silver.  Half of silver demand is for industrial purposes.  Should go ballistic.

[Paarslaars]

9 hours ago, Gregmal said:

Moving on from being offensive to being on the offensive….gold gonna blast through $2000 this week. 10x leverage is fun. 

How did u play it? 

[Gregmal]

3 hours ago, Paarslaars said:

How did u play it? 

Cut it on the option chain to your desired leverage. Put ~$200k in the Jan 24 $155 strike GLDs

[formthirteen]

Bought back a small position in BOO.L. Revenue is no longer growing at 40% per year and higher cost of labor and logistics might be a problem, but management seems to be capable of fixing issues.

[james22]

Gold has competition for the first time (Crypto).

 

That makes me much less certain than I otherwise would be.

[Gregmal]

25 minutes ago, james22 said:

Gold has competition for the first time (Crypto).

 

That makes me much less certain than I otherwise would be.

Won’t matter with all the money that will be running for cover from the glam stocks of last decade 

[lnofeisone]

DIS, JPM

[n.r98]

Anyone here have any concise high level thoughts on Burlington stores and how it compares with TJX, Rost etc. Don't hear this co mentioned much anywhere; valuations have returned to earth and clearly the market placed a stamp of "high quality" prior. These thrift guys tend to do fine even during recessions (08,09). 

[james22]

2 hours ago, Gregmal said:

Won’t matter with all the money that will be running for cover from the glam stocks of last decade 

 

Yeah, maybe so.

[Longnose]

1 hour ago, n.r98 said:

Anyone here have any concise high level thoughts on Burlington stores and how it compares with TJX, Rost etc. Don't hear this co mentioned much anywhere; valuations have returned to earth and clearly the market placed a stamp of "high quality" prior. These thrift guys tend to do fine even during recessions (08,09). 

 

 I haven't run valuation comparisons on any of them in quite some time (few years). 

 

I know personally I think TJX is the most well managed and strongest pick of any of the B&M liquidators. I have always been a big fan of TJX as a business and their store/brand umbrella. 

 

Made some money on TJX during the COVID rebound. TJX is well known for being recession resistant so it usually doesn't take huge haircuts on valuation. 

[Monsieur_dee]

Brk, amzn

[throw123]

initiated a position in Amzn and FND, so now they are really going to drop

[Viking]

To quote Russell Crowe from one my favourite scenes from the movie ‘A Good Year’. 
 

‘Well lab rats… today is greedy bastard day’

 

Big add to my Interfor (down 6.5%) and West Fraser (down 5%) positions. Lumber prices are flat. All lumber companies are going to report monster Q1 profits. What to do with all those earnings? Weak share price? Hello meaningful stock buybacks.

 

 

Edited March 7, 2022 by Viking

[Agrippa07]

added to FB... now an 8% position

[ourkid8]

Added to BABA 

[Spekulatius]

Some adds here and there. As a new position, bought some HERDEZ.MX.

[E. Nashton]

Small adds to DIS, AMZN and DCAing into an emerging markets index  

[meiroy]

22 hours ago, Gregmal said:

Anyone seeing massive tails for gold? Ww3? Nuke fears. Living in bunkers. Fed with no choice but to keep printing? Destruction of all currencies or a major financial market disruption? How high can this go after being neglected for so long? $5000?

 

Yepp. I've been loading up. A decent asymmetrical bet.