frommi Posted May 6, 2016 Posted May 6, 2016 more CHRW,AFL,NXRT,BBBY,CSCO,AMNF. But still net short 80%.
TwoCitiesCapital Posted May 17, 2016 Posted May 17, 2016 Purchase more SPY puts at a strike of 110. Now I have LEAP strikes ranging from 185 all the way down to 110. Obviously, there's more money in the nearer-to-the-money options, but will roll down if markets go through a big decline. Just would be odd to have bets at 140 and 110 without really profiting if it hit anything before that. Also, pretty much maxed out on straight shorts and puts that I'll allow myself to hold, so also sold some of my energy exposure and rolled it into ZROZ (25+ year zero coupon bonds). At this point, I'm probably done with my bearish positioning and will play "wait and see" until things start moving dramatically for or against me.
Picasso Posted May 18, 2016 Posted May 18, 2016 Haven't bought anything Since February.... Your WPZ purchase was spot on. Congrats.
Palantir Posted May 19, 2016 Posted May 19, 2016 Early March loaded up on PAGP, OKE, and TRGP. OKE has been awesome.
frommi Posted June 6, 2016 Posted June 6, 2016 Sold VTR,MPW,OKE,UL,NSRGY,FAST and bought LICT (new position), CHRW, AFL, BEN.
writser Posted June 6, 2016 Posted June 6, 2016 I've been buying as much KAHL as I can get. Opportunity of the year imho.
Picasso Posted June 6, 2016 Posted June 6, 2016 I've been buying as much KAHL as I can get. Opportunity of the year imho. If my numbers are right, it's trading for cash component and none of the MTY consideration?
DCG Posted June 6, 2016 Posted June 6, 2016 Haven't looked at KAHL, but it's a collection of pretty bad restaurant chains, no? Looks like they're in the process of a merger.
writser Posted June 6, 2016 Posted June 6, 2016 I've been buying as much KAHL as I can get. Opportunity of the year imho. If my numbers are right, it's trading for cash component and none of the MTY consideration? Whether you get cash or cash + stock is irrelevant, package value will be the same. Check out the proxy. The price is to be adjusted for working capital but MTY is up quite a bit since they announced the merger. Deal should be worth around $159 now. Stock is up quite a bit now but IRR is still great. Prices last week were insane. This is my largest position now. Unfortunately I missed the opportunity of a lifetime: buying at $10 a few months ago.
gfp Posted June 6, 2016 Posted June 6, 2016 How on earth were you able to make KAHL your largest position? There is next to zero volume
writser Posted June 6, 2016 Posted June 6, 2016 Fortunately I'm a poor bastard. I traded a significant part of last weeks volume and that was enough for me. I don't manage OPM.
Picasso Posted June 6, 2016 Posted June 6, 2016 Prices last week were in the $130 range? I guess I'm failing to see what makes you think this was the opportunity of the year?
writser Posted June 6, 2016 Posted June 6, 2016 Prices last week were in the $130 range? I guess I'm failing to see what makes you think this was the opportunity of the year? Low risk merger, earn ~20% in 2 or 3 months? I like it. Each to his own I guess.
frommi Posted June 24, 2016 Posted June 24, 2016 Sold RGLD, TGT. Bought LILA and covered most shorts, now 50% net long.
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