lnofeisone Posted July 26 Share Posted July 26 Starter EW, OLN, V. Closed out my UNG short and trimmed some CNC puts I wrote (accidental timing). Link to comment Share on other sites More sharing options...
brobro777 Posted July 27 Share Posted July 27 On 7/24/2024 at 11:04 PM, UK said: Maybe it is not that bad, if you already know this:). And at least size accordingly:) I love this story from Druckenmiller: "I made a lot of mistakes, but I made one real doozy. So, this is kind of a funny story, at least it is 15 years later because the pain has subsided a little. But in 1999 after Yahoo and America Online had already gone up like tenfold, I got the bright idea at Soros to short internet stocks. And I put 200 million in them in about February and by mid-March the 200 million short I had, lost $600 million on, gotten completely beat up and was down like 15 percent on the year. And I was very proud of the fact that I never had a down year, and I thought well, I’m finished. So, the next thing that happens is I can’t remember whether I went to Silicon Valley or I talked to some 22-year-old with Asperger’s. But whoever it was, they convinced me about this new tech boom that was going to take place. So I went and hired a couple of gunslingers because we only knew about IBM and Hewlett-Packard. I needed Veritas and Verisign. I wanted the six. So, we hired this guy and we end up on the year — we had been down 15 and we ended up like 35 percent on the year. And the Nasdaq’s gone up 400 percent. So, I’ll never forget it. January of 2000 I go into Soros’s office and I say I’m selling all the tech stocks, selling everything. This is crazy…at 104 times earnings. This is nuts. Just kind of as I explained earlier, we’re going to step aside, wait for the next fat pitch. I didn’t fire the two gunslingers. They didn’t have enough money to really hurt the fund, but they started making 3 percent a day and I’m out. It is driving me nuts. I mean their little account is like up 50 percent on the year. I think Quantum was up seven. It’s just sitting there. So like around March I could feel it coming. I just — I had to play. I couldn’t help myself. And three times the same week I pick up a — don’t do it. Don’t do it. Anyway, I pick up the phone finally. I think I missed the top by an hour. I bought $6 billion worth of tech stocks, and in six weeks I had left Soros and I had lost $3 billion in that one play. You asked me what I learned. I didn’t learn anything. I already knew that I wasn’t supposed to do that. I was just an emotional basket case and couldn’t help myself. So, maybe I learned not to do it again, but I already knew that." Good stuff thanks bro Link to comment Share on other sites More sharing options...
Lance Posted July 30 Share Posted July 30 (edited) Posted Friday at 06:40 AM On 7/25/2024 at 3:10 PM, Lance said: New position in ETHA. Trimmed ABBV, nibbled on my tech/AI basket with the proceeds. Wrote puts on UNG. Thanks Lance Expand What's your timing on the puts for UNG? Any reason to expect prices to not further decrease? Hi - typically about a month out. I sold a few at 3 weeks. When I write calls on any units that have been assigned I typically go shorter. Thanks Edited July 30 by Lance Link to comment Share on other sites More sharing options...
boilermaker75 Posted July 30 Share Posted July 30 Wrote some OXY 58-strike Aug 9 expiration puts for $0.51. Link to comment Share on other sites More sharing options...
frommi Posted July 30 Share Posted July 30 bought even more SILA, think its a ~8% position now, biggest REIT position Link to comment Share on other sites More sharing options...
valueseek Posted July 30 Share Posted July 30 starter in $APPF Link to comment Share on other sites More sharing options...
mananainvesting Posted July 30 Share Posted July 30 1 hour ago, frommi said: bought even more SILA, think its a ~8% position now, biggest REIT position Any quick pitch on $SILA, I participated in the tender offer. Thanks for sharing. Link to comment Share on other sites More sharing options...
mananainvesting Posted July 30 Share Posted July 30 One of my positions went up a bit today after earnings report. It's my 3rd largest position. Shamelessly linking my writeup here incase anyone finds it useful, I havent sold a share yet and still think it is cheap. My avg cost is $98.9. Disclosure: I am long and not advise. https://https://mananainvesting.substack.com/p/lgi-homes-nasdaq-lgih 5956169 Link to comment Share on other sites More sharing options...
frommi Posted July 31 Share Posted July 31 7 hours ago, mananainvesting said: Any quick pitch on $SILA, I participated in the tender offer. Thanks for sharing. I posted it in the investment idea thread. In short its a super cheap low leveraged internally managed medical net lease REIT that just bought back 4% of outstanding shares. Its growing and from i could see has no troubles with tenants right now, unlike other publicy traded medical REIT's. 1 Link to comment Share on other sites More sharing options...
nwoodman Posted August 1 Share Posted August 1 7974.T Nintendo. Small add. Earnings tomorrow, hopefully we get a similar short term reaction as last quarter. Link to comment Share on other sites More sharing options...
Malmqky Posted August 1 Share Posted August 1 Some Valaris warrants...have a few limit orders that were partially filled. Link to comment Share on other sites More sharing options...
mananainvesting Posted August 1 Share Posted August 1 Added to $MKL and $NOA. Link to comment Share on other sites More sharing options...
Junior R Posted August 1 Share Posted August 1 added OXY Link to comment Share on other sites More sharing options...
KPO Posted August 1 Share Posted August 1 DEO & HST Link to comment Share on other sites More sharing options...
Eldad Posted August 1 Share Posted August 1 AME just a little, still too expensive Link to comment Share on other sites More sharing options...
Stuart D Posted August 1 Share Posted August 1 7 hours ago, Malmqky said: Some Valaris warrants...have a few limit orders that were partially filled. Yeah, nice. Growing net income, clean balance sheet, tightening market, rates moving higher. All looking positive for the warrants. Link to comment Share on other sites More sharing options...
fareastwarriors Posted August 2 Share Posted August 2 8 hours ago, Junior R said: added OXY Same Link to comment Share on other sites More sharing options...
SongDonkey.AI Posted August 2 Share Posted August 2 9 hours ago, Stuart D said: Yeah, nice. Growing net income, clean balance sheet, tightening market, rates moving higher. All looking positive for the warrants. and the history of destruction of shareholder value on an epic scale:) Link to comment Share on other sites More sharing options...
Stuart D Posted August 2 Share Posted August 2 37 minutes ago, SongDonkey.AI said: and the history of destruction of shareholder value on an epic scale:) Hahaha yeah, there’s that as well. Link to comment Share on other sites More sharing options...
KPO Posted August 2 Share Posted August 2 More HST. CD/money market replacement with > 5% yield and modest inflation hedge. Not expected to be a home run by any stretch, but sometimes three yards and a cloud of dust works just fine. Link to comment Share on other sites More sharing options...
ValueMaven Posted August 2 Share Posted August 2 Starter position in ASML. It's down a lot and very cyclical. Will add more in the $600s. Link to comment Share on other sites More sharing options...
fareastwarriors Posted August 2 Share Posted August 2 (edited) More OxY Fairfax Edited August 2 by fareastwarriors Link to comment Share on other sites More sharing options...
gfp Posted August 2 Share Posted August 2 (edited) Well now I am buying Fairfax again. 1500.50 CAD and 1086 USD And again 1490 CAD and 1078 USD again at 1069 USD - loving this. That might be it for now, seems like someone stepped in to buy Edited August 2 by gfp Link to comment Share on other sites More sharing options...
frommi Posted August 2 Share Posted August 2 Sold AVB because i think its fully priced now and bought even more SILA, 10% position now. Link to comment Share on other sites More sharing options...
Junior R Posted August 2 Share Posted August 2 added more fairfax Link to comment Share on other sites More sharing options...
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