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Posted

Sold options around JOE and some $23.50 puts of OSTK. The pricing on options has been really nice lately. OSTK has been paying 5% for 10 day ATM puts lately. On JOE, 6% ITM 3 week buy-write contracts were paying 4%.     

Posted
On 11/19/2022 at 6:36 AM, whatstheofficerproblem said:

Interesting, would you mind sharing your thesis on the topic? The VIC writeups have corrupted me, I want to know what makes it a long for you.

Trading around 3x cash, I like the moat with marinas / closed loop ancillary revenue streams with storage / insurance / maintenance - I believe yacht business will be resilient and maintain high margins long term. I like the buyback and potential to continue consolidating.   I like roll up plays with moats and real estate holdings.  Seems to fit those criteria so I started a position.  

Posted

Bought a little bit of ATD pre earnings to top up to a 5% holding in my RRSP. Winners win with good earnings but better return to shareholders. However some mildly scary line items of lower fuel volumes, read that as you wish. 

 

45 shares of Tim Hortons parent RBI for my RRSP. Its a work from home is bullshit and everyone better get back to the office unless they want to be the ones getting layed off in the upcoming slowdown play.

 

50 shares of ATZ to keep my monthly fill. While knowing it will probably get a shit kicking at some point, recession bla bla bla. I do think it is prudent to keep adding slowly as the business expands. I'm convinced the girls buying these cloths are not economically sensitive and this thing will run for a long time. Joe Biden pausing tuition dept payments is a not insignificant tailwind 

 

I sold a touch of BRK to add to JOE ( didn't catch the low 30's a few weeks ago but 35 is close enough ) ( Gregmal combined with some random architecture article highlighting the beauty and livability of rosemary beach and seaside got me a little too excited to not average down)  

 

I sold some TJX after a 30% gain in a couple months, I still like it very much. However I just wanted to take my profits so I put the proceeds in to Amazon

 

My gut tells me the market is ready to start rolling off again. I like to follow my gut in the least self destructive ways so for the first time ever, I bought a GIC, 30K at %5.08 that i get back in November 23. I did this as a bit of an experiment. I like the idea a will get a slug of cash back at a specified time. I have no idea of the future but i could see this as a way to have "cash" but not have to actually hold cash and make market decisions. Time will tell. 

 

Posted
8 hours ago, rossef2 said:

Out of interest, how far out did you go greg?

Did the Jan 2025 $15. Only got filled on 18 and this was at the open when stock was $17. Very illiquid. Ended up buying a bunch of common. 

Posted

Sold some FFH in my retirement account and redeployed it to Fairfax India on the dip today.  Nibbled a little on GOOG and JOE again, which are already my 2nd and 3rd largest position (and overweight) but at these prices I find it hard not go into hoarder mode and buy more with everything coin I find between the couch cushions. 

Posted

I bought back my January 20 puts on CG, CCI, DLR, DIS. 

 

This pushes my tax liability into 2022 instead of 2023 which sucks, but they're going to be short term gains either way, and I don't like all the tail risk for such minimal remaining time decay. 

Posted
2 hours ago, competitive-advantage said:

Starter position in Jobindex A/S

CPH: JOBNDX

interesting valuation.

 

Are there some infos in english? The investor relation site seems to be in danish only.

 

 

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