Gregmal Posted November 18, 2022 Share Posted November 18, 2022 55 minutes ago, LC said: Love it. Dipping below the 170s? I use bear spreads and then buy a crazy OOM put for cheap, in case it really crashes hard. Actually took some more of the short Tesla etf for day to day simplicity and some January $200 puts. Best way I could find to reduce the premium cost. Link to comment Share on other sites More sharing options...
Ace River Capital Posted November 18, 2022 Share Posted November 18, 2022 Have started a position in HZO Link to comment Share on other sites More sharing options...
Gregmal Posted November 18, 2022 Share Posted November 18, 2022 Took a stab at some of @Cod Liver Oils IFOS this am. Then realized my limit was above market and I was almost 100% of daily volume lol. Link to comment Share on other sites More sharing options...
whatstheofficerproblem Posted November 18, 2022 Share Posted November 18, 2022 8 hours ago, nick@acerivercapital.com said: Have started a position in HZO Long or Short? There is a recent short thesis writeup on VIC. Oddly enough, HZO has been written five times and all five times it was a short! Link to comment Share on other sites More sharing options...
RedLion Posted November 18, 2022 Share Posted November 18, 2022 20 hours ago, LC said: Love it. Dipping below the 170s? I use bear spreads and then buy a crazy OOM put for cheap, in case it really crashes hard. I've been using fairly short term bear spreads on SPY and QQQ this year with great results (overall). I have had a lot more success with spreads than straight puts. Link to comment Share on other sites More sharing options...
Pelagic Posted November 18, 2022 Share Posted November 18, 2022 4 hours ago, whatstheofficerproblem said: Long or Short? There is a recent short thesis writeup on VIC. Oddly enough, HZO has been written five times and all five times it was a short! Any chance you could share a synopsis of their short thesis? Link to comment Share on other sites More sharing options...
Gregmal Posted November 18, 2022 Share Posted November 18, 2022 3 minutes ago, Pelagic said: Any chance you could share a synopsis of their short thesis? It’s VIC, can’t you just see the thesis? Some dork comes out of his city office cubicle screaming “Boss, we’ve got another over earning cyclical heading into rate hikes and Fed tightening!”…..valuation short Link to comment Share on other sites More sharing options...
whatstheofficerproblem Posted November 19, 2022 Share Posted November 19, 2022 4 hours ago, Pelagic said: Any chance you could share a synopsis of their short thesis? Yep that's about it, it's a cyclical business that rode the covid wave for profit, and earnings must return to normal. Link to comment Share on other sites More sharing options...
Ace River Capital Posted November 19, 2022 Share Posted November 19, 2022 15 hours ago, whatstheofficerproblem said: Long or Short? There is a recent short thesis writeup on VIC. Oddly enough, HZO has been written five times and all five times it was a short! Long Link to comment Share on other sites More sharing options...
whatstheofficerproblem Posted November 19, 2022 Share Posted November 19, 2022 1 hour ago, nick@acerivercapital.com said: Long Interesting, would you mind sharing your thesis on the topic? The VIC writeups have corrupted me, I want to know what makes it a long for you. Link to comment Share on other sites More sharing options...
Pelagic Posted November 19, 2022 Share Posted November 19, 2022 18 hours ago, Gregmal said: It’s VIC, can’t you just see the thesis? Some dork comes out of his city office cubicle screaming “Boss, we’ve got another over earning cyclical heading into rate hikes and Fed tightening!”…..valuation short Haha that's what I figured. I read this ONEW thesis when I first started researching it and it had some nuance as to why it's preferrable to HZO and talks a bit about HZO specifics as they compare to ONEW. https://valueinvestorsclub.com/idea/ONEWATER_MARINE_INC/0521948621 Link to comment Share on other sites More sharing options...
whatstheofficerproblem Posted November 19, 2022 Share Posted November 19, 2022 48 minutes ago, Pelagic said: Haha that's what I figured. I read this ONEW thesis when I first started researching it and it had some nuance as to why it's preferrable to HZO and talks a bit about HZO specifics as they compare to ONEW. https://valueinvestorsclub.com/idea/ONEWATER_MARINE_INC/0521948621 I find this Thesis a lot more compelling, and ONEW is trading below the write-up. Link to comment Share on other sites More sharing options...
Castanza Posted November 21, 2022 Share Posted November 21, 2022 Smidge of OXY Link to comment Share on other sites More sharing options...
KPO Posted November 22, 2022 Share Posted November 22, 2022 ATVI yesterday, JOE starter today Link to comment Share on other sites More sharing options...
RedLion Posted November 22, 2022 Share Posted November 22, 2022 Started a position in JOE today, larger than my typical starting position in 8th place, neck and neck with META and GOOGL. Link to comment Share on other sites More sharing options...
Ross812 Posted November 22, 2022 Share Posted November 22, 2022 Sold options around JOE and some $23.50 puts of OSTK. The pricing on options has been really nice lately. OSTK has been paying 5% for 10 day ATM puts lately. On JOE, 6% ITM 3 week buy-write contracts were paying 4%. Link to comment Share on other sites More sharing options...
fareastwarriors Posted November 22, 2022 Share Posted November 22, 2022 +1 party at $JOE 's Link to comment Share on other sites More sharing options...
no_free_lunch Posted November 23, 2022 Share Posted November 23, 2022 A little MDT. Just a 1% position, cheap at around 15 |PE, dividend, good history, a bet on return to growth and should do okay in the meanwhile. Link to comment Share on other sites More sharing options...
dipod Posted November 23, 2022 Share Posted November 23, 2022 JOE. 2024 Jan TSLA $100 puts. Link to comment Share on other sites More sharing options...
Ace River Capital Posted November 23, 2022 Share Posted November 23, 2022 On 11/19/2022 at 6:36 AM, whatstheofficerproblem said: Interesting, would you mind sharing your thesis on the topic? The VIC writeups have corrupted me, I want to know what makes it a long for you. Trading around 3x cash, I like the moat with marinas / closed loop ancillary revenue streams with storage / insurance / maintenance - I believe yacht business will be resilient and maintain high margins long term. I like the buyback and potential to continue consolidating. I like roll up plays with moats and real estate holdings. Seems to fit those criteria so I started a position. Link to comment Share on other sites More sharing options...
whatstheofficerproblem Posted November 23, 2022 Share Posted November 23, 2022 Interesting take, all the best! Link to comment Share on other sites More sharing options...
Jaygo Posted November 23, 2022 Share Posted November 23, 2022 Bought a little bit of ATD pre earnings to top up to a 5% holding in my RRSP. Winners win with good earnings but better return to shareholders. However some mildly scary line items of lower fuel volumes, read that as you wish. 45 shares of Tim Hortons parent RBI for my RRSP. Its a work from home is bullshit and everyone better get back to the office unless they want to be the ones getting layed off in the upcoming slowdown play. 50 shares of ATZ to keep my monthly fill. While knowing it will probably get a shit kicking at some point, recession bla bla bla. I do think it is prudent to keep adding slowly as the business expands. I'm convinced the girls buying these cloths are not economically sensitive and this thing will run for a long time. Joe Biden pausing tuition dept payments is a not insignificant tailwind I sold a touch of BRK to add to JOE ( didn't catch the low 30's a few weeks ago but 35 is close enough ) ( Gregmal combined with some random architecture article highlighting the beauty and livability of rosemary beach and seaside got me a little too excited to not average down) I sold some TJX after a 30% gain in a couple months, I still like it very much. However I just wanted to take my profits so I put the proceeds in to Amazon My gut tells me the market is ready to start rolling off again. I like to follow my gut in the least self destructive ways so for the first time ever, I bought a GIC, 30K at %5.08 that i get back in November 23. I did this as a bit of an experiment. I like the idea a will get a slug of cash back at a specified time. I have no idea of the future but i could see this as a way to have "cash" but not have to actually hold cash and make market decisions. Time will tell. Link to comment Share on other sites More sharing options...
Gregmal Posted November 23, 2022 Share Posted November 23, 2022 Hit some MANU calls Link to comment Share on other sites More sharing options...
rossef2 Posted November 24, 2022 Share Posted November 24, 2022 13 hours ago, Gregmal said: Hit some MANU calls Out of interest, how far out did you go greg? Link to comment Share on other sites More sharing options...
Gregmal Posted November 24, 2022 Share Posted November 24, 2022 8 hours ago, rossef2 said: Out of interest, how far out did you go greg? Did the Jan 2025 $15. Only got filled on 18 and this was at the open when stock was $17. Very illiquid. Ended up buying a bunch of common. Link to comment Share on other sites More sharing options...
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