What are you buying today?

[cash_incinerator]

17 hours ago, Castanza said:

+1 

+2 re more meli

Edited November 8, 2024 by cash_incinerator

[rossef2]

2 hours ago, Paarslaars said:

Added to my JD, PDD and BEKE leaps.

 

Will probably add to Metaplanet in the morning, this sell off makes no sense. Shareholders want the company to mimic MSTR and when they announce they will do so by issuing shares, the stock sells off for 40%!

Any concerns about pdd and the potential tariffs?

[Paarslaars]

While that only impacts export to.US, we don't really know what Trump is going to do here. Let's not forget he is president because people want to see things cheaper again... Making all imports more expensive is not going to get him there.

 

In any case I do believe the chinese goverment is not just going to roll over in that case.

Edited November 9, 2024 by Paarslaars

[Spekulatius]

7 hours ago, Paarslaars said:

While that only impacts export to.US, we don't really know what Trump is going to do here. Let's not forget he is president because people want to see things cheaper again... Making all imports more expensive is not going to get him there.

 

In any case I do believe the chinese goverment is not just going to roll over in that case.

No, they are going to put tariffs on agricultural goods and a few other things.

 

The problem the Chinese have is that they export so much more than they import that anything they do to counter tariffs can’t reciprocate.

 

If you look Mr Market seems to anticipate this scenario already, because agricultural good related business have not participated in the Trump rally at all.

 

FWIW, Farmers vote for Trump, but it’s likely that his policies are not good for them at all. This is nothing new, same was the case in 2016.

Edited November 9, 2024 by Spekulatius

[Paarslaars]

I was making the assumption that when China is affected by tarrifs, the goverment will support the businesses even if it temporarily makes them take a hit. After all China has a long term plan while they US looks at the next 4 years, after that the tarrifs are likely gone.

[KPO]

1 hour ago, Spekulatius said:

No, they are going to put tariffs on agricultural goods and a few other things.

 

The problem the Chinese have is that they export so much more than they import that anything they do to counter tariffs can’t reciprocate.

 

If you look Mr Market seems to anticipate this scenario already, because agricultural good related business have not participated in the Trump rally at all.

 

FWIW, Farmers vote for Trump, but it’s likely that his policies are not good for them at all. This is nothing new, same was the case in 2016.

Trump tax policy is somewhat of an offsetting positive for farmers, particularly the higher estate tax exemption under the 2017 tax cut & jobs act. It made transferring family farms possible without raising significant money for the tax bill or outright requiring liquidation to meet the tax bill. Double (and in many cases triple) taxation at its finest. 

[Spekulatius]

23 minutes ago, KPO said:

Trump tax policy is somewhat of an offsetting positive for farmers, particularly the higher estate tax exemption under the 2017 tax cut & jobs act. It made transferring family farms possible without raising significant money for the tax bill or outright requiring liquidation to meet the tax bill. Double (and in many cases triple) taxation at its finest. 

Thanks. I wasn’t aware of this. This was kept as is by democrats and I don‘t think there was an intent to change it.

[Spekulatius]

1 hour ago, Paarslaars said:

I was making the assumption that when China is affected by tarrifs, the goverment will support the businesses even if it temporarily makes them take a hit. After all China has a long term plan while they US looks at the next 4 years, after that the tarrifs are likely gone.

I think any stimulus is likely go toward individuals and smaller business. Xi Jinping doesn’t have much of a track record helping large business, except some state controlled industries or those that fit his economic agenda.

 

I don’t see Temu working well in the US going forward but that’s perhaps already priced in.

Edited November 9, 2024 by Spekulatius

[Spekulatius]

I added to APA and BP. These valuation of these energy shitcos is too cheap resist. I think BP will sooner or later move to the US and become US Petroleum

[KPO]

2 hours ago, Spekulatius said:

Thanks. I wasn’t aware of this. This was kept as is by democrats and I don‘t think there was an intent to change it.

It naturally rolls back to pre-2017 levels after 2025, so the hope is this will get extended along with the lower tax rates, accelerated depreciation and other features of the original act. 

[mananainvesting]

Added to $HDB

[giulio]

Small add PRM

[rkbabang]

It's looking like I'll be buying more MSGE for $40 this Friday.  I had been writing MSGE puts lately and I wrote some $40 Nov 15 puts a few weeks ago and got $1.04 for them.  So I'll be paying $38.96 for my shares. Not too bad.  Especially because I've been selling puts for a few months which didn't get exercised. 

[Ross812]

Doubled my CNC position (now a 1.5% position) today at the 52 week low. 

[Saluki]

Added a little CPNG and JOE. 

[mananainvesting]

Added to $T (AT&T) and $HDB. 

[lnofeisone]

I added to JOE and CNC and sold some MSGE puts. 

[Jaygo]

Bought some Linemar this morning at the open. $ 57.12 CAD

[Saluki]

Added a little JOE, NTDOY and KRKNF. 

[ourkid8]

13 minutes ago, Saluki said:

Added a little JOE, NTDOY and KRKNF. 

 

I noticed you have been steadily buying JOE,  what's your position size and thesis on it?  

[Saluki]

10 minutes ago, ourkid8 said:

 

I noticed you have been steadily buying JOE,  what's your position size and thesis on it?  

 

It's my 3rd biggest position, about 11% weighting in my portfolio.  My thesis is that it's cheap when consider the price versus he growth and tailwinds. If you take the market cap divided by ~180k acres it's about $16k an acre, which is pretty cheap for anything near the water in any state, so as a friend of mine would say "it's not rocket surgery."   

 

 

I did this video about a year and a half ago, which only has 300 views, but it has most of the good things I saw in it.  When I first started buying ($20, then $15), I didn't think the recreational stuff was a money maker, but it turns out that it was, so the original thesis is intact, but their are other lottery tickets in there too. 

 

This is the earliest buy I found, but the smarter people bought in 2022 in the $30s and have a much better IRR than me on this. 

Acquisition Date	Quantity	Unit Cost ($)	Cost Basis ($)			Value($)	Gain/ Loss	Gain/Loss (%

02/27/2019 (Long Term)

80

15.51

1,240.66

4,090.36

2,849.70

229.69

 

My timing sucks sometimes (because of the ancient trading curse), but it tends to work out okay if my research and thesis is correct and I don't mind paying for something if it's a better company than when I first started buying.  CPNG at $14 looked great because it was growing fast and finally went from losing money to breakeven.  I didn't mind buying more at $23, because it's still growing fast and is now really profitable with margins getting bigger because of the operating leverage. 

 

I think Bruce stepping down spooked some people, but he's still trimming the same way as before, not dumping shares like Buffett and BAC. It probably wouldn't be $51 if he was still on the board, but he was the chairman, not the CEO.  All the operations people are still in their seats and still doing their thing to create value. 

[Spekulatius]

Bought a bit of BNR (Brenntag) as a limit order hit overbite in Europe.

[mananainvesting]

Bought more $HDB and got back into $FTT.TO

[lnofeisone]

Some HUM, ELV, and ERIE. 

[fareastwarriors]

bit of BP and dca OXY