twacowfca Posted February 4, 2014 Share Posted February 4, 2014 Bought OTM puts on IWM early today to add to the pile of SPY puts we own. Nice pop with the IWM puts up about 65% at the close. Have been rolling some of the ITM SPY puts into longer duration OTM puts. It's definitely nice to have an increasing store of potential dry powder in this decline. It remains to be seen if, in the immortal words of George W. Bush, "This sucker's going down." :) Link to comment Share on other sites More sharing options...
snowball82 Posted February 4, 2014 Share Posted February 4, 2014 Smart employee benefits (seb.v), Biosyent (Rx.v) & XPEL (dap-u) Great microcap Link to comment Share on other sites More sharing options...
Valuebo Posted February 4, 2014 Share Posted February 4, 2014 Bought OTM puts on IWM early today to add to the pile of SPY puts we own. Nice pop with the IWM puts up about 65% at the close. Have been rolling some of the ITM SPY puts into longer duration OTM puts. It's definitely nice to have an increasing store of potential dry powder in this decline. It remains to be seen if, in the immortal words of George W. Bush, "This sucker's going down." :) +1. Let the discussion continue on whether it makes sense to hedge or not but it sure feels nice to have no impact on your portfolio when the markets go down 2%+, especially when you are at that time trekking in northern thailand's jungle! :d Link to comment Share on other sites More sharing options...
alertmeipp Posted February 4, 2014 Share Posted February 4, 2014 Bought OTM puts on IWM early today to add to the pile of SPY puts we own. Nice pop with the IWM puts up about 65% at the close. Have been rolling some of the ITM SPY puts into longer duration OTM puts. It's definitely nice to have an increasing store of potential dry powder in this decline. It remains to be seen if, in the immortal words of George W. Bush, "This sucker's going down." :) +1. Let the discussion continue on whether it makes sense to hedge or not but it sure feels nice to have no impact on your portfolio when the markets go down 2%+, especially when you are at that time trekking in northern thailand's jungle! :d It sure feels good when you timed it right... the thing is how often you timed it right. If one has the ability on timing (some do), there is much better way to make money than doing "hedges" Link to comment Share on other sites More sharing options...
jm25 Posted February 4, 2014 Share Posted February 4, 2014 Smart employee benefits (seb.v), Biosyent (Rx.v) & XPEL (dap-u) Great microcap What are your views on Biosyent - specifically their product portfolio? Good growth as a mini-Paladin Labs. Strong growth/margins, low capex, etc. I'd like to hear your views. Link to comment Share on other sites More sharing options...
frommi Posted February 4, 2014 Share Posted February 4, 2014 It sure feels good when you timed it right... the thing is how often you timed it right. If one has the ability on timing (some do), there is much better way to make money than doing "hedges" The problem is being right twice. The next bounce up can easily kill the profits and because of the late buys the chance is good that the hedge result is a loss. I can`t foresee the future but the VIX has spiked to a 1 year high yesterday. Link to comment Share on other sites More sharing options...
longlake95 Posted February 4, 2014 Share Posted February 4, 2014 Bought more YPF yesterday @ 21 7/8. LL Link to comment Share on other sites More sharing options...
frommi Posted February 4, 2014 Share Posted February 4, 2014 Bought some more BP today, oil&gas companies are now at the target of 25% of my portfolio. Next funds go to something else. Link to comment Share on other sites More sharing options...
LowIQinvestor Posted February 4, 2014 Author Share Posted February 4, 2014 Bought more YPF yesterday @ 21 7/8. LL And I thought I was the only one in the world getting involved in Argentina. Best of luck! (I'm long TEO- Telecom Argentina) Think it could be a double by 2016 Link to comment Share on other sites More sharing options...
longlake95 Posted February 4, 2014 Share Posted February 4, 2014 Ive been in YPF for a year, its been a wild ride, but it's dirt cheap on a NAV basis. LL Link to comment Share on other sites More sharing options...
CorpRaider Posted February 4, 2014 Share Posted February 4, 2014 COH Link to comment Share on other sites More sharing options...
alertmeipp Posted February 4, 2014 Share Posted February 4, 2014 PWE Awesome deal, lol. Link to comment Share on other sites More sharing options...
sethatk Posted February 4, 2014 Share Posted February 4, 2014 Added to LMCA. Link to comment Share on other sites More sharing options...
saltybit Posted February 4, 2014 Share Posted February 4, 2014 SIRI and LMCA Link to comment Share on other sites More sharing options...
jwfm1985 Posted February 4, 2014 Share Posted February 4, 2014 GNCMA, again Link to comment Share on other sites More sharing options...
jschembs Posted February 4, 2014 Share Posted February 4, 2014 Ive been in YPF for a year, its been a wild ride, but it's dirt cheap on a NAV basis. LL Scared me, I thought you were buying Lumber Liquidators. Link to comment Share on other sites More sharing options...
Guest wellmont Posted February 4, 2014 Share Posted February 4, 2014 Ive been in YPF for a year, its been a wild ride, but it's dirt cheap on a NAV basis. LL Scared me, I thought you were buying Lumber Liquidators. I would be scared to be short. one of the smartest stock pickers in the world just bought a big position. Link to comment Share on other sites More sharing options...
Ross812 Posted February 4, 2014 Share Posted February 4, 2014 Rolled my BAC Jan '15 10-20 call spreads to Jan '16 12-25 call spreads Link to comment Share on other sites More sharing options...
jschembs Posted February 4, 2014 Share Posted February 4, 2014 Ive been in YPF for a year, its been a wild ride, but it's dirt cheap on a NAV basis. LL Scared me, I thought you were buying Lumber Liquidators. I would be scared to be short. one of the smartest stock pickers in the world just bought a big position. I saw that, and everyone's favorite whipping boy Tilson has made a very loud short case. I don't have a position, but if I had to initiate one here it'd be short. Gross margins at all time highs, bulk of the remodeling done by the Blackstone's of the world to build the world's largest rental pool, and the business still only generates $40 MM in FCF (less than 2% FCF yield). I just don't see how you get significantly much more upside in the stock. Link to comment Share on other sites More sharing options...
Guest valueInv Posted February 4, 2014 Share Posted February 4, 2014 Ive been in YPF for a year, its been a wild ride, but it's dirt cheap on a NAV basis. LL Scared me, I thought you were buying Lumber Liquidators. I would be scared to be short. one of the smartest stock pickers in the world just bought a big position. I saw that, and everyone's favorite whipping boy Tilson has made a very loud short case. I don't have a position, but if I had to initiate one here it'd be short. Gross margins at all time highs, bulk of the remodeling done by the Blackstone's of the world to build the world's largest rental pool, and the business still only generates $40 MM in FCF (less than 2% FCF yield). I just don't see how you get significantly much more upside in the stock. Who bought YPF? Link to comment Share on other sites More sharing options...
jm25 Posted February 4, 2014 Share Posted February 4, 2014 GNCMA Link to comment Share on other sites More sharing options...
no_free_lunch Posted February 5, 2014 Share Posted February 5, 2014 prevalou, Thanks for the feedback! I knew ADT was a comp but I don't follow them, my bad I guess. You are right on the FCF as well, found it in the citigroup conference presentation. It still seems fairly cheap though given their historical growth. I know it is with acquisitions but historically the acquisitions have translated well on a FCF / share metric. The biggest issue I see is a fairly shallow moat and Malone selling a big chunk of shares. I will probably watch them for awhile longer. Link to comment Share on other sites More sharing options...
alertmeipp Posted February 5, 2014 Share Posted February 5, 2014 Well, and I got more FTP.TO today. Not without risk but the risk / reward is getting very asymmetric. Chad laid out the non-DP business really well in the recent presentation, and the cost cutting and loonie will help the DP business quite a bit going forward. Link to comment Share on other sites More sharing options...
Kiltacular Posted February 5, 2014 Share Posted February 5, 2014 Bought OTM puts on IWM early today to add to the pile of SPY puts we own. Nice pop with the IWM puts up about 65% at the close. Have been rolling some of the ITM SPY puts into longer duration OTM puts. It's definitely nice to have an increasing store of potential dry powder in this decline. It remains to be seen if, in the immortal words of George W. Bush, "This sucker's going down." :) +1. Let the discussion continue on whether it makes sense to hedge or not but it sure feels nice to have no impact on your portfolio when the markets go down 2%+, especially when you are at that time trekking in northern thailand's jungle! :d It sure feels good when you timed it right... the thing is how often you timed it right. If one has the ability on timing (some do), there is much better way to make money than doing "hedges" I give him credit. He timed it perfectly and he had a reason...WSBASE...he called it on the way up too. Link to comment Share on other sites More sharing options...
alertmeipp Posted February 5, 2014 Share Posted February 5, 2014 Of coz, he is one of the few who can time it right. I am one of the many who can't. Link to comment Share on other sites More sharing options...
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