Luca Posted April 16 Share Posted April 16 49 minutes ago, rkbabang said: Sold CPNG calls that I bought a little over a month ago for a 146% gain and added to a few positions: CPNG common, FRFHF, JOE, MSTR, & EBAY. Banger... Link to comment Share on other sites More sharing options...
coffeecaninvestor Posted April 16 Share Posted April 16 More FRPH Link to comment Share on other sites More sharing options...
rkbabang Posted April 16 Share Posted April 16 1 hour ago, Luca said: Banger... Yeah, I'm starting to learn to sell my options when they go up rather than getting greedy and wait for more. Many times in the past I've looked at large unrealized gains on my calls and did nothing, then they end up going back down and have me wishing I had sold. I've even gone on to eventually realize loses on options I could have at one time sold for hefty profits. Link to comment Share on other sites More sharing options...
valueseek Posted April 16 Share Posted April 16 27 minutes ago, rkbabang said: Yeah, I'm starting to learn to sell my options when they go up rather than getting greedy and wait for more. Many times in the past I've looked at large unrealized gains on my calls and did nothing, then they end up going back down and have me wishing I had sold. I've even gone on to eventually realize loses on options I could have at one time sold for hefty profits. Good. Would you mind elaborating the expiry on those options for cpng? And your strategy of selling options - would you sell 1-1.5 year out options as well if they go up? Thanks Link to comment Share on other sites More sharing options...
Rustycage Posted April 16 Share Posted April 16 2 hours ago, crs223 said: starting a basket of melting ice cubes: bought BTI. Maybe SIRI is next..??? Also bought BATS for the first time, really sorry prob means it’s going under 20GBP p/s given the way my purchases usually go within a month Link to comment Share on other sites More sharing options...
rkbabang Posted April 16 Share Posted April 16 37 minutes ago, valueseek said: Good. Would you mind elaborating the expiry on those options for cpng? And your strategy of selling options - would you sell 1-1.5 year out options as well if they go up? Thanks It depends I don't really have a strategy, I just take it on a case by case basis. These were $20, Jan 17, 2025 expiry calls which I bought in early March (they were out of the money at the time). I was thinking that it was likely that CPNG traded in the $20s at some point this year. Since it is now trading in the 20s my thesis has been satisfied, so I took my profits and used a portion of it to increase my CPNG common holdings. Link to comment Share on other sites More sharing options...
Dinar Posted April 16 Share Posted April 16 5 hours ago, Gregmal said: Add to Fairfax No Clipper for you? Link to comment Share on other sites More sharing options...
Gregmal Posted April 16 Share Posted April 16 13 minutes ago, Dinar said: No Clipper for you? I just can’t stomach investing with management teams that exhibit zero shame or accountability for such putrid performance. At least not anymore Link to comment Share on other sites More sharing options...
tede02 Posted April 17 Share Posted April 17 I bought a few ITM LEAPS on NYCB to ride Mnuchin's coat-tails. Just enough to keep me paying attention. Link to comment Share on other sites More sharing options...
Saluki Posted April 17 Share Posted April 17 Small adds to FRPH, BTI and NTDOY. Link to comment Share on other sites More sharing options...
tnathan Posted April 17 Share Posted April 17 ADSK - the management team is a little clueless but its a great asset that is doing well being sold off for reasons not core to the business Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 17 Share Posted April 17 FRPH Link to comment Share on other sites More sharing options...
CorpRaider Posted April 17 Share Posted April 17 (edited) Comcast Edited April 17 by CorpRaider Link to comment Share on other sites More sharing options...
Paarslaars Posted April 17 Share Posted April 17 MSTR Link to comment Share on other sites More sharing options...
dpetrescu Posted April 17 Share Posted April 17 4 hours ago, tnathan said: ADSK - the management team is a little clueless but its a great asset that is doing well being sold off for reasons not core to the business How do they mess up their accounting and delay their annual report? And all this after a big earning beat. I imagine this could fall another 10% or more. Either way I’m buying - hoping to load up on another 5% drop over the next week or weeks! what do you think of long term AI risk to Autodesk? Link to comment Share on other sites More sharing options...
DooDiligence Posted April 17 Share Posted April 17 1 hour ago, dpetrescu said: How do they mess up their accounting and delay their annual report? And all this after a big earning beat. I imagine this could fall another 10% or more. Either way I’m buying - hoping to load up on another 5% drop over the next week or weeks! what do you think of long term AI risk to Autodesk? More like an opportunity for them to reduce headcount(s) for clients. https://aecmag.com/features/autodesk-laying-the-foundations-for-ai/ On an unrelated note, a buddy of mine said his firm just added Revit because more and more clients want 3D now. BIM will likely be next. Link to comment Share on other sites More sharing options...
nwoodman Posted April 18 Share Posted April 18 7974 Nintendo Co Link to comment Share on other sites More sharing options...
bizaro86 Posted April 18 Share Posted April 18 4 hours ago, DooDiligence said: More like an opportunity for them to reduce headcount(s) for clients. https://aecmag.com/features/autodesk-laying-the-foundations-for-ai/ On an unrelated note, a buddy of mine said his firm just added Revit because more and more clients want 3D now. BIM will likely be next. Clients reducing headcounts isn't good for you when your product is priced as $-per-seat Link to comment Share on other sites More sharing options...
dpetrescu Posted April 18 Share Posted April 18 5 hours ago, DooDiligence said: More like an opportunity for them to reduce headcount(s) for clients. https://aecmag.com/features/autodesk-laying-the-foundations-for-ai/ On an unrelated note, a buddy of mine said his firm just added Revit because more and more clients want 3D now. BIM will likely be next. I think I agree there. I’m using Revit every day for work. I can say it still has a long very long runway - as contractors and builders adopt it. Then product manufacturers are adopting it. And owners adopt it and maintain it for maintenance, records, and future renovations expansions. And public agencies still have pre-2006 2-d Autocad standards, they’re slowly adopting it….very slowly. Surprising how slow the BIM/3d adoption is considering its old tech by now for public agencies. the curveball is AI. I can imagine AI giving Autodesk either a bigger advantage or maybe risk of taking share away from residential and small commercial firms. Link to comment Share on other sites More sharing options...
valueseek Posted April 18 Share Posted April 18 Small $on,$jbht. Link to comment Share on other sites More sharing options...
backtothebeach Posted April 18 Share Posted April 18 9 hours ago, dpetrescu said: I think I agree there. I’m using Revit every day for work. I can say it still has a long very long runway - as contractors and builders adopt it. Then product manufacturers are adopting it. And owners adopt it and maintain it for maintenance, records, and future renovations expansions. And public agencies still have pre-2006 2-d Autocad standards, they’re slowly adopting it….very slowly. Surprising how slow the BIM/3d adoption is considering its old tech by now for public agencies. the curveball is AI. I can imagine AI giving Autodesk either a bigger advantage or maybe risk of taking share away from residential and small commercial firms. Problem with ADSK is valuation with low growth, and the recent internal accounting investigation casting doubt on management. Maybe a nothingburger, maybe more bad news to follow. Grossly overpaid management probably, have you looked at SBC? I had stupidly sold some $250 puts on this one, figuring they are solid with an entrenched product, without looking closely at the company (when will I ever learn???). Just closed them out first thing this morning, cutting losses. Maybe this will mark the bottom, lol. Link to comment Share on other sites More sharing options...
DooDiligence Posted April 18 Share Posted April 18 10 hours ago, bizaro86 said: Clients reducing headcounts isn't good for you when your product is priced as $-per-seat Possibly, but price increases could easily offset. This is a small expense for an engineering firm in comparison to the revenues they bring in. Your point is valid nonetheless. Link to comment Share on other sites More sharing options...
competitive-advantage Posted April 18 Share Posted April 18 (edited) I just bought Lululemon Athletica for my own portfolio and as a gift for a teenage family member Edited April 19 by competitive-advantage Link to comment Share on other sites More sharing options...
DooDiligence Posted April 18 Share Posted April 18 (edited) 42 minutes ago, backtothebeach said: Problem with ADSK is valuation with low growth, and the recent internal accounting investigation casting doubt on management. Maybe a nothingburger, maybe more bad news to follow. Grossly overpaid management probably, have you looked at SBC? I had stupidly sold some $250 puts on this one, figuring they are solid with an entrenched product, without looking closely at the company (when will I ever learn???). Just closed them out first thing this morning, cutting losses. Maybe this will mark the bottom, lol. Valuation and low growth are legit concerns wrt potential returns. This a mission critical software and piracy seems to be the biggest hindrance to growth. There's the possibility of incrementally onboarding accounts running pirated versions. Probably won't produce dramatic increases any time soon though. https://schnitgercorp.com/2020/03/09/autodesks-anti-piracy-efforts-finally-pay-off-oh-and-the-looming-end-of-maintenance/ Here's a small sampling of pirating efforts: === BIM and facilities management seems like a good growth avenue. I particularly like the Innovyze acquisition. === edit: not buying today. I already own enough ADSK (3.6%). Edited April 18 by DooDiligence Link to comment Share on other sites More sharing options...
dpetrescu Posted April 18 Share Posted April 18 4 hours ago, DooDiligence said: Valuation and low growth are legit concerns wrt potential returns. This a mission critical software and piracy seems to be the biggest hindrance to growth. There's the possibility of incrementally onboarding accounts running pirated versions. Probably won't produce dramatic increases any time soon though. https://schnitgercorp.com/2020/03/09/autodesks-anti-piracy-efforts-finally-pay-off-oh-and-the-looming-end-of-maintenance/ Here's a small sampling of pirating efforts: === BIM and facilities management seems like a good growth avenue. I particularly like the Innovyze acquisition. === edit: not buying today. I already own enough ADSK (3.6%). All SAAS companies haven’t truly recovered and haven’t 5 hours ago, backtothebeach said: Problem with ADSK is valuation with low growth, and the recent internal accounting investigation casting doubt on management. Maybe a nothingburger, maybe more bad news to follow. Grossly overpaid management probably, have you looked at SBC? I had stupidly sold some $250 puts on this one, figuring they are solid with an entrenched product, without looking closely at the company (when will I ever learn???). Just closed them out first thing this morning, cutting losses. Maybe this will mark the bottom, lol. interesting you were shorting all SAAS companies haven’t really participated in the market boom of the last couple years. definitely some valid concerns and risks. I just keep buying ADSK for the last decade plus just because of their unique competitive advantage. Just got a bunch of 2 year LEAPs art the dip this morning im sure everyone here is tired of me talking about ADSK :). Link to comment Share on other sites More sharing options...
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