What are you buying today?

[TwoCitiesCapital]

On 8/16/2023 at 12:37 PM, formthirteen said:

ATRI, TLT LEAPS

 

just sold some of my cash position in ZROZ and rolled the proceeds into March $100 calls on TLT. 

 

Kind of feels like we're at an inflection point. Fed still says they're hiking again, everyone has discounted a possible recession, higher for longer is the narrative, consumers still holding up, Atlanta Fed projecting 5+% GDP for Q3, just took out prior highs on 10-year rates, etc etc etc

 

Corporate earnings are still falling, liquidity is still being drained, small banks are hemorrhaging earnings (many down 15-25% YoY in Q2), defaults/delinquencies are starting to rise, credit is tightening, PMIs are still largely contractionary, and China is actively exporting deflation. 

 

I think we're going to see a pivot in the next 6 months and I think the market will sniff it out beforehand. 

[Saluki]

I sold most of my small tobacco basket at a small loss to free up some cash because I see a lot of bargains.  Added some SWBI, NTDOY and FFXDF.

 

SWBI is down about 20% in the past couple of weeks and if the earnings release today is bad, it's already baked into the price. If there is any surprise on the upside, it will have been a bargain. 

 

NTDOY I have been adding in dribs and drabs when I get some cash, to get it up to a full position.  

 

FFXDF is trading at $13 and change, with a book value of $20 and growing. Even with the performance fee that they have to pay FFH this year, it will still be a good year for them. 

[sleepydragon]

Added to Para.  Now I have the same dollar amount of unrealized loss on Para as on Baba! 

 

 

 

[Luke]

7 minutes ago, sleepydragon said:

Added to Para.  Now I have the same dollar amount of unrealized loss on Para as on Baba! 

Edited September 7, 2023 by Luca

[lnofeisone]

Sold OSTK puts and bought OSTK calls. 

[Gregmal]

small adds to CLPR and KVUE

[Spekulatius]

PRNDY and KVUE (starters). Adds to OUT, C, LHX

Edited September 7, 2023 by Spekulatius

[dipod]

C, CLPR. May take a long time to realize value here but with the good dividends patience is being well rewarded. 

[fareastwarriors]

CLPR @ $5.75

[Seoshin]

Added some DEO. Slowly making it into a full position.

[Castanza]

CLPR, AIV, FRPH 

[Cod Liver Oil]

Adding to msgs and frph. Also got an apple watch to see the tentacles into health.

Edited September 8, 2023 by Cod Liver Oil

[Paarslaars]

Added some Nintendo today

[formthirteen]

Sold KWEB and BABA LEAPS. No more f***n around, I found out already. Bought some other LEAPS, TLT, etc.

Edited September 8, 2023 by formthirteen

[thowed]

TMO.  I know it's not cheap, but I think it's overearning, and the post-Covid hangover is overdone.

[wondering]

small purchases of FIH Fairfax India.  Thesis - US dollar can't be strong forever, good companies in the portfolio, and it's selling for something like 60% of book.

[dipod]

Shorted some KVUE 1 week $21 puts. Decent premiums, discount to current price if assigned.

[Dinar]

1 hour ago, dipod said:

Shorted some KVUE 1 week $21 puts. Decent premiums, discount to current price if assigned.

So you are the one who sold 5K contracts, eh?

[dipod]

53 minutes ago, Dinar said:

So you are the one who sold 5K contracts, eh?

No lol. Wish my account were that size. But a decent amount. Premiums were too good to ignore. And it's a stock I want to buy.

[Dinar]

25 minutes ago, dipod said:

No lol. Wish my account were that size. But a decent amount. Premiums were too good to ignore. And it's a stock I want to buy.

Oh, I agree, I sold a few today as well it was either 50 or 70 implied vol, I forget what it was, but it seemed way too high.

[LearningMachine]

VSCO: took a big position today.  My biggest position in any stock, ever!

 

 

Edited September 9, 2023 by LearningMachine

[UK]

35 minutes ago, LearningMachine said:

VSCO: took a big position today.  My biggest position in any stock, ever!

 

 

 

May I ask if big is like 5 per cent or 10 or 20 per cent big:)?

[nwoodman]

Small (<1%) positions in each of Buffett’s 5 Sogo Shosha

 

8001.T, 8002.T, 8031.T 8053.T, 8058.T

[sleepydragon]

Bought EWBC

[bathtime]

VIG - Vanguard Dividend Appreciation ETF

 

Intention is to preserve this year’s trading gains, reduce risk and lower trading velocity of my account by shifting some allocation to VIG as a core largest holding. 
 

Also to have a liquid, more stable source for funds for tax loss selling trade opportunities from October to December.