What are you buying today?

[Valuebo]

Bought more TSLA puts at open. 

[ourkid8]

More BN

[Red Lion]

Starter position (100 bps) in LSXMK. 

[whatstheofficerproblem]

On 3/6/2023 at 12:39 PM, Spekulatius said:

Tough choices. I vote the deep discounted one on the right:

 

I know the -9% one, Hannah Kleit I think her name is.... don't ask me how I know. Fancy seeing her around here.

Edited April 17, 2024 by whatstheofficerproblem

[n.r98]

Just now, whatstheofficerproblem said:

 

I know the -9% one, Hannah Klein I think her name is.... don't ask me how I know. Fancy seeing her around here.

mateeeeeeeee 

[Castanza]

SNC (SNCAF) - new position 

Edited March 8, 2023 by Castanza

[Spekulatius]

Added a bit to LSXMK and more to $BTI. Also a starter in $PKBK (cheap and very profitable NJ microcap bank with some hair).

[KPO]

Starter in LSXMK at the close

[lnofeisone]

Bought a full position of SNCAF. The thread is great and the market is asleep at the wheel. Bought LSXMK and MEGEF starters. 

[Paarslaars]

14 hours ago, lnofeisone said:

Bought a full position of SNCAF. The thread is great and the market is asleep at the wheel. 

I'm waiting for the COBF effect to wear off and get it a bit lower.  

[Castanza]

2 minutes ago, Paarslaars said:

I'm waiting for the COBF effect to wear off and get it a bit lower.  

 

I'm not lol added a bit more this morning 

[Saluki]

Added a little VTS and OXY.  When I think of worst case scenario 1970s stagflation, I think owning real assets, including oil is the best of the worst scenarios.  Taxing windfall profits from energy producers isn't incentivizing anyone to look for new capacity so the existing capacity should be worth more. 

 

 

[n.r98]

Bought some GLOP and TBPH. TBPH has some activists involved; cash, CVRs and stake in key drug Yupelri more than covers the stock price. New drug Ampre now in phase 3 could easily be worth >$5/share even on pretty conservative assumptions. Business is trimming down staff, shutting majority of their research programs and returning capital to shareholders with a planned 170m to be returned by end of this year which should add about 10% on top of the total value of the firm.

 

Irenic capital writing that letter was probably trying to highlight where Wally is rather than admonish management; don't see why some larger firm doesn't offer a quick premium to the extant stock price and take the remaining upside for free.

 

 

Edited March 8, 2023 by n.r98

[ourkid8]

small amount of BABA

[Spekulatius]

Bought some regional bank stocks $EBC and $CATY.

 

I also added to $CABO

 

Edited March 9, 2023 by Spekulatius

[sleepydragon]

Added to tencent

[Viking]

BAC and WFC. Down double digits since Monday and close to 15% over the past month. 

[Red Lion]

Topped up KKR to equal weight with BX, APO, and BN. 

[mike_3772]

Bought BAC, C, CMA and ZION, but mostly BAC.  Currently in oil, tobacco and now financials.  Praying for another 15-20% market selloff as I'm around 60% cash after spending all last year 100% cash.  One more leg down and I will be all set for the next 3-5 years with some nice dividends as the icing on top.

[sleepydragon]

52 minutes ago, Viking said:

BAC and WFC. Down double digits since Monday and close to 15% over the past month. 

this is crazy. What does a cryto bank going bust has to do with JPM?!

[dipod]

Bought C, ZION, BAC, WFC today. NVDA September puts a few weeks ago. 

[Viking]

34 minutes ago, sleepydragon said:

this is crazy. What does a cryto bank going bust has to do with JPM?!

Perhaps we are starting to see the effects of rapid Fed tightening just starting to play out. The initial cracks. Give it another 6 months; especially if interest rates go higher.
 

Investors have been living a Disney movie for the past 13 years - the Fed ALWAYS had their back. As a result, all financial assets (housing, stocks, bonds) were a one way bet… much higher.
 

Most investors think their stellar returns over the past decade were the result of skill. 2022 was a terrible year for most investors. 2023? Probably more of the same.

 

Edited March 9, 2023 by Viking

[Spekulatius]

16 minutes ago, sleepydragon said:

this is crazy. What does a cryto bank going bust has to do with JPM?!

It's not just the Bank of the Crypt, its also this SillyCon bank that spooked a bit:

[Viking]

13 minutes ago, Spekulatius said:

It's not just the Bank of the Crypt, its also this SillyCon bank that spooked a bit:

SPAC lender (based in tech land - San Francisco). What a surprise! Lots more cockroaches out there. Anyone who has a large amount of debt either variable rate or coming due the next year or two is going to have their come to Jesus moment. Commercial real estate? REIT’s? Lots of companies are praying the Fed cuts rates and soon. Hope is not a good strategy. A decade of deals (and whole industries) were build on the assumption of free money. That ship has sailed. Perhaps we see credit spreads start to widen out…

Edited March 9, 2023 by Viking

[Spekulatius]

14 minutes ago, Viking said:

SPAC lender. What a surprise!

It's not lending that did them in, it's liability management. These guys take deposits from the SillyCon valley VC bubble economy which have been  fleeting, I think. They put those into treasuries that are deeply under water and then decided that they need to sell part of the treasury holding and realize losses.

 

These idiots managed to own $120B in fixed income securities with an $16B equity base.

 

 

Edited March 9, 2023 by Spekulatius