Spekulatius Posted June 10, 2022 Posted June 10, 2022 Adding to existing positions in VNT, JXN, GOOGL so far.
Agrippa07 Posted June 10, 2022 Posted June 10, 2022 closed some of my shorts, and replaced with calls (July 8th) on Meta, Amazon and added to WBD (small position) and PARA preferred (initiated a basket of preferred shares).
valuehawk91 Posted June 11, 2022 Posted June 11, 2022 GAS, cost me $87 to fill a tank. Sorry for the bad joke?
Blugolds Posted June 11, 2022 Posted June 11, 2022 (edited) 2 hours ago, valuehawk91 said: GAS, cost me $87 to fill a tank. Sorry for the bad joke? LOL DAD JOKE alert... Same...Diesel truck w/ 35 gal tank....$5.69 Diesel is $199 to fill it...I had to swipe my card twice...pump shut off at $125... Also bought some BRK @ 293...looks likely I will also be assigned those 290 puts from the other day.. Edited June 11, 2022 by Blugolds11
Gregmal Posted June 11, 2022 Posted June 11, 2022 24 minutes ago, Blugolds11 said: LOL DAD JOKE alert... Same...Diesel truck w/ 35 gal tank....$5.69 Diesel is $199 to fill it...I had to swipe my card twice...pump shut off at $125... Also bought some BRK @ 293...looks likely I will also be assigned those 290 puts from the other day.. See you guys and raise you topping off my home heating oil tank. 550 gallons filled 200 at 5.40 up from 2.68 in Q4…fun fun. Thank god for oil calls.
adesigar Posted June 13, 2022 Posted June 13, 2022 41 minutes ago, Simba said: This is brutal. Don’t you mean awesome.
Spekulatius Posted June 13, 2022 Posted June 13, 2022 Just now, adesigar said: Don’t you mean awesome. Margin call time for the clowns:
SharperDingaan Posted June 13, 2022 Posted June 13, 2022 Temporarily closed out swing trades in ESI, PD, OBE, and WCP. 25% of gains to a crypto ETF at ridiculous prices. We're doing very well on what is supposed to be cash accumulation ahead of a RE purchase! and are pretty sure that we will be able to resell these shares at another gain in a few weeks. Got to love the Fed ... SD
aws Posted June 13, 2022 Posted June 13, 2022 20 minutes ago, Spekulatius said: Margin call time for the clowns: He is a clown, but I shorted some MSTR Oct $10 puts today anyway. The margin call risk is overstated as they can just pledge additional bitcoin at the first trigger. They are well underwater with an average cost over 30k, but they issued enough stock in the runups that they don't have negative equity until the 18k range. And then the margin call death spiral is more like at 3k level, which is likely a very low probability in the next 4 months, but in any case it's a tiny cash secured position. Also shorted some CLF puts, and added more to BRK and PSH.AS
Gregmal Posted June 13, 2022 Posted June 13, 2022 19 minutes ago, Williams406 said: BRK, JOE, and Pantheon Resources Doubled BRK today and added 25% to JOE now double digit position. How easy is the JOE story to understand here? A 5 year old could do it. Go to page 29 of the recent presentation. Press print. Take a black magic marker. Color in all “Joe land”. Then with the same marker color in “public land”….now look at what’s left? Looks like all that coloring spells “Irvine” too….
modiva Posted June 13, 2022 Posted June 13, 2022 On 6/2/2022 at 10:17 AM, Gregmal said: Underfollowed OTC stock that uplisted to Nasdaq few years ago. Super conservatively managed. No debt. Pretty much, but not quite a royalty company...they dont drill. Assets predominantly in Marcellus and operated by CHK. Latest update showed encouraging results in OK which should materially ramp the earnings. Selling from large shareholders putting a lid on stock. Company using this to repurchase shares. Large existing insider ownership. Current dividend yield is 3.5% which should only go higher. Check their May 31 release for latest updates but seems super low risk given the macro backdrop. @Gregmal Thanks. EPSN looks like a good business in these times with a great balance sheet. Started a small position.
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