What are you buying today?

[Luke]

Sold some BRK and Nintendo for FFH

[Xerxes]

I am happy to report that I had zero buy/sell transactions in Q2. And barely one in Q1. 
 

My aggregate H1 return is 14% or so. 
 

 

Edited July 5, 2023 by Xerxes

[no_free_lunch]

4 hours ago, Luca said:

Sold some BRK and Nintendo for FFH

Any thoughts on valuation?  I have a big chunk in ffh but have no added. 

[Luke]

9 hours ago, no_free_lunch said:

Any thoughts on valuation?  I have a big chunk in ffh but have no added. 

I think @Viking provided tremendous work on FFH in the Fairfax thread. We also discussed Intrinsic Value in a specific threat there quite recently. Just use the search option

[ICUMD]

 BNS in the $63s CDN with 6.5% dividend.

[Lance]

Added to STR and wrote puts on it.

 

Thanks

Lance

[Saluki]

Added a few shares of OXY and PXD (both are a wager on oil prices and the Permian basin).  Nothing to write home about, just had a couple of dividend payments come through. 

[thowed]

On 7/5/2023 at 2:14 PM, Gregmal said:

Most important part of the hedge, and it’s really just that, is the strike though.

 

Thanks for this - really interesting & useful stuff to think about, and completely confirms my experience when I've tried to be smart going OTM & getting caught out.

 

Looks like nice timing on yours.

Edited July 6, 2023 by thowed

[Spooky]

Bought a small starter in Fairfax to start looking into it further.

[Gregmal]

33 minutes ago, thowed said:

 

Thanks for this - really interesting & useful stuff to think about, and completely confirms my experience when I've tried to be smart going OTM & getting caught out.

 

Looks like nice timing on yours.

Yea I don’t really have many rules but instead framework. But if I did have a rule it would be the one shot rule on OTM options. One shot, no adding. By starting slightly in the money you’re saving your shot and giving yourself some room to be off on the timing and multiple ways to make money.

[Luke]

Sold half of my remaining TSMC position, added proceeds to FFH. Now 30% of the portfolio. 

[Intelligent_Investor]

Buying more SIG, probably gonna start stretching maturities on bonds sooner.

[Gregmal]

On 7/4/2023 at 1:08 PM, Luca said:

Noam Chomsky recently stated a nice comment in an interview on this whole war with Russia: "The hypocrisy of the west is astonishing"

“Janet Yellen concerned about Chinas new export controls”…..

 

Think Janet is equally “concerned” about any of the US policy directed towards China or Russia? Even Canadian tariffs? Nah bro.

 

https://www.cnbc.com/2023/07/07/yellen-says-shes-concerned-about-chinas-new-export-controls.html

Edited July 7, 2023 by Gregmal

[zippy1]

1 hour ago, Gregmal said:

“Janet Yellen concerned about Chinas new export controls”…..

 

Think Janet is equally “concerned” about any of the US policy directed towards China or Russia? Even Canadian tariffs? Nah bro.

 

https://www.cnbc.com/2023/07/07/yellen-says-shes-concerned-about-chinas-new-export-controls.html

I don't think the Chinese will take it well, if she said that she is unconcerned....

[Luke]

43 minutes ago, zippy1 said:

I don't think the Chinese will take it well, if she said that she is unconcerned....

You know its funny, so many people talk doom and gloom about China, what a shitshow their system is, everybody leaving etc whatever, but on the same time we have massive propaganda against Chinas industrial power, military power etc, concerning this, concerning that. 

 

I thought china is so weak?

 

Its obvious that china is not weak at all and are on their way to gain as much and more control than the US had the last 100 years. 

Edited July 7, 2023 by Luca

[zippy1]

25 minutes ago, Luca said:

You know its funny, so many people talk doom and gloom about China, what a shitshow their system is, everybody leaving etc whatever, but on the same time we have massive propaganda against Chinas industrial power, military power etc, concerning this, concerning that. 

 

I thought china is so weak?

 

Its obvious that china is not weak at all and are on their way to gain as much and more control than the US had the last 100 years. 

I think CCP does present a great challenge. Having a realistic perspective about CCP is the first step in dealing with the challenge. 
 

Those who said China is weak is essentially saying “business as usual” and nothing needs to done.  I think that would not be the right attitude. 
 

however, with that said, it does not mean that I would like live under CCP rule.  
 

this is a bit off topic now, so I will just stop here. 

Edited July 7, 2023 by zippy1

[Dipesh Patel]

Bought 100 shares of FFH at $954 CDN this morning , might be a good arbitrage trade after Q2 earnings come out

[Spekulatius]

On 9/26/2022 at 9:21 AM, Dinar said:

Spirax Sarco PLC - 

OT -Interesting discussion here - you can get even a book about their history for free (I ordered one):

 

Stock looks too expensive for me though.

Edited July 7, 2023 by Spekulatius

[Dinar]

@Spekulatius, thank you.

[CorpRaider]

DIS

[nwoodman]

FRFHF

[Saluki]

Finally pulled the trigger on a starter position in BTI.  It should drop at least 20% because of the curse, so get your checkbooks out if you want a bargain in the next couple of weeks. 

[lnofeisone]

42 minutes ago, Saluki said:

Finally pulled the trigger on a starter position in BTI.  It should drop at least 20% because of the curse, so get your checkbooks out if you want a bargain in the next couple of weeks. 

Same. Bought BTI, ELV, CNC. 

[SleepyCapital]

Have been adding to ALLY over the past few weeks

[Gregmal]

Swapped some SPHR into CPNG leaps last few days.