TwoCitiesCapital Posted January 8, 2016 Posted January 8, 2016 Increased my position in ATUSF by 15% around $6.00. I just don't understand this market...
shhughes1116 Posted January 8, 2016 Posted January 8, 2016 Increased position in ETE as it hit ten bucks.
intothebreach Posted January 8, 2016 Posted January 8, 2016 Altus Minerals in Toronto (ALS). Bought some more AAPL earlier this week. Edit: Also bought LEAPS in CMG as I believe the current crisis is just a temporary set-back.
Guest Grey512 Posted January 8, 2016 Posted January 8, 2016 Bought more LYB. Bought more CF. Closed short on SABR. Closed short on CTB.
randomep Posted January 8, 2016 Posted January 8, 2016 If you look around there is a lot of smart money sitting on it....Berkshire sitting on $58B. Berkshire doesn't sit on money as a market timing tool. They always have tons of cash looking to deploy. Also they are going to use $20B+ for the precision castparts merger....
bskptkl Posted January 11, 2016 Posted January 11, 2016 KCLI Me too - $38 is roughly 55% of book value, seems like it is over sold after maybe some did not get cashed out at $52.50. Not super cheap on earnings basis, but I think it is a safe, stable investment as company has been around over 100 years, insiders own almost 70%. I suspect insiders know they could sell whole company for close to book value if they wanted too. Company itself was buying stock back around $45 level in past couple of years before going private at $52.50. I like it for a couple month trade until I hope it returns to mid 40s.
blainehodder Posted January 11, 2016 Posted January 11, 2016 If you look around there is a lot of smart money sitting on it....Berkshire sitting on $58B. Berkshire doesn't sit on money as a market timing tool. They always have tons of cash looking to deploy. Also they are going to use $20B+ for the precision castparts merger.... In my opinion Berkshire does use cash as a market timing tool. Sure they might not take a top down macro approach, but they are constantly looking to do deals. If they can't find enough attractive deals to put the cash to work, it builds up on the balance sheet. Same net result. If the market dropped 50% tomorrow you would expect Buffett to put most of the cash into the market. Likewise, if the general market doubled tomorrow he might sell some stock positions and would be unlikely to find many deals so cash would increase. To me, that is market timing.
Mephistopheles Posted January 11, 2016 Posted January 11, 2016 If you look around there is a lot of smart money sitting on it....Berkshire sitting on $58B. Berkshire doesn't sit on money as a market timing tool. They always have tons of cash looking to deploy. Also they are going to use $20B+ for the precision castparts merger.... In my opinion Berkshire does use cash as a market timing tool. Sure they might not take a top down macro approach, but they are constantly looking to do deals. If they can't find enough attractive deals to put the cash to work, it builds up on the balance sheet. Same net result. If the market dropped 50% tomorrow you would expect Buffett to put most of the cash into the market. Likewise, if the general market doubled tomorrow he might sell some stock positions and would be unlikely to find many deals so cash would increase. To me, that is market timing. That's not market timing. That's waiting to find the right pitch. Nobody is suggesting that one should stay fully invested at all times. If you can't find anything to buy then you should be in cash. For a company the size of Berkshire, they are very limited in the number of stocks or businesses they can buy, hence they have a lot of cash waiting for the right deal the come along. None of this has to do with timing the market.
sleepydragon Posted January 11, 2016 Posted January 11, 2016 Loads of DVA today, and UNP last Friday. I used up 80% of my cash during the last few days. No more trading for the next 6 months for me. (But if mkt correct more, maybe i will all in:)
sleepydragon Posted January 11, 2016 Posted January 11, 2016 DVA is trading at around 10x pretax earning.
CRHawk Posted January 12, 2016 Posted January 12, 2016 Er, where yesterday = last trading day = Friday. :)
DanielGMask Posted January 12, 2016 Posted January 12, 2016 More BRK and initiated a position in CMG.
TorontoRaptorsFan Posted January 12, 2016 Posted January 12, 2016 Bought some Under Armor yesterday on the selloff at $70.00 Will be held briefly for the slight rebound and will continue to hold cash on the sidelines while I occasionally pickup more shares of BAC and CMG.
Guest Grey512 Posted January 12, 2016 Posted January 12, 2016 Bought some Under Armor yesterday on the selloff at $70.00 Will be held briefly for the slight rebound and will continue to hold cash on the sidelines while I occasionally pickup more shares of BAC and CMG. Funny; I actually put on shorts on UA and CMG recently.
fareastwarriors Posted January 12, 2016 Posted January 12, 2016 Bought some Under Armor yesterday on the selloff at $70.00 Will be held briefly for the slight rebound and will continue to hold cash on the sidelines while I occasionally pickup more shares of BAC and CMG. Funny; I actually put on shorts on UA and CMG recently. Just bought some shoes and clothes from UA. Also planning to head to CMG for lunch today since the line is really short nowadays. no clue about the stocks!
blainehodder Posted January 12, 2016 Posted January 12, 2016 rebuying the BIDU I sold out of it seems only a month or so ago.... It has dropped from 230 to 170 in an astonishingly quick move. Lather, rinse, repeat.
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