what are you selling today?

[backtothebeach]

On 1/26/2024 at 4:12 PM, backtothebeach said:

Selling 1/6 of my irresponsibly overweight FFH.TO, sniff.

Months ago I planned to lighten up once it hit 1.1 * BV. I think it is pretty close to that on soon to be reported BV.

Trying to be prudent, but feels like leaving money on the table.

 

Bought it back 1% higher. Fuck. i suppose it was a good test to know if I would still buy my position today.

[fareastwarriors]

Sold CKX at 13.25 

[WayWardCloud]

5 hours ago, backtothebeach said:

 

Bought it back 1% higher. Fuck. i suppose it was a good test to know if I would still buy my position today.

What changed your mind?

[backtothebeach]

1 hour ago, WayWardCloud said:

What changed your mind?

Ultimately the feeling that I was possibly cutting a long term compounder short without a really valid reason. Risking a huge opportunity cost long term versus risking a little more downside.
 

A couple of posts on the Fairfax 2024 thread helped.

[Gregmal]

19 hours ago, backtothebeach said:

Ultimately the feeling that I was possibly cutting a long term compounder short without a really valid reason. Risking a huge opportunity cost long term versus risking a little more downside.
 

A couple of posts on the Fairfax 2024 thread helped.

One of the Ten Commandments of Trading, which at its core, is what every SELL decision is, is to never sell a 52 week high. 

[Dinar]

31 minutes ago, Gregmal said:

One of the Ten Commandments of Trading, which at its core, is what every SELL decision is, is to never sell a 52 week high. 

I just violated it - I sold my HCA

[Saluki]

I trimmed a few share of HHH which I still think are undervalued but I'm losing patience with it. I had sold out of it completely before the pandemic and jumped back in when they did a capital raise.  I have added from $43 - $100, but I'm less than thrilled at some managements bid ideas (a minor league baseball team, a celebrity chef chain restaurant, a seaport museum etc). 

 

It's been four years of my current holding and the only reason I don't sell it completely is that spinning off the seaport and entertainment assets into a different company actually sounds like a great idea and might move the needle. 

[fareastwarriors]

On 1/29/2024 at 1:17 PM, fareastwarriors said:

Sold CKX at 13.25 

 

completely out of CKX,

will probably miss out on sudden epic rise.

[longlake95]

Probably should selling HPS.a 

moving like a sloth.

[formthirteen]

Chinese tech stocks. All out again. No point in owning Chinese utilities.

[E. Nashton]

Sold a bit of my positions in PLTR, DIS, ATZ and TVK today/this week. 

[CorpRaider]

SLG

[Paarslaars]

Sold half of my Prosus calls, used the proceeds for XFAB.

[sleepydragon]

Finish selling most of my Spirits, only 1/6 of the original positions left to wait for the appeal result

[Saluki]

Trimmed a few shares of GOOG in my retirement account and bought a little OXY and TV.  I placed a limit order on Fairfax India after the dip yesterday but I didn't get a fill  

 

I was  tempted to trim to HHH, but I think I'll wait for after the spinoff which should allow me to sell the part I never liked in the first place and keep the good part. 

[Spekulatius]

Reduced CNHI yesterday (they have earnings on 2/14) and MBB.DE (tender). Both did well for me.

[bizaro86]

Sold out of FFH today. 

[Dinar]

3 minutes ago, bizaro86 said:

Sold out of FFH today. 

Why?  Thank you.

[bizaro86]

3 minutes ago, Dinar said:

Why?  Thank you.

 

I only owned it as a trade. I bought the dip on the short report last week and am taking my profits now.

 

I will never own it as a long term hold, because I don't trust management. I get that's not the consensus opinion on this board (and the last couple of years have been good). But after they had Fairfax India effectively borrow money from Omers at a high rate along with giving them a free upside option on their best asset (the airport) in exchange for getting a mark to charge fees with I'll never trust them. 

 

All that said, the short report was obviously opportunistic so it was some easy short term money to pick up. Was able to get a nice round-trip on nearly a 10% position.

[WFF]

OXY,  sold off after buying it earlier in the mid 50s.  

[Gmthebeau]

RXRX @ nearly 100% gain.  Will look to buy back at lower levels.

Edited February 16, 2024 by Gmthebeau

[Spekulatius]

Sold remainder of my CVS (in taxable account) and a smidge of VNT (in an tax deferred account low on cash)

[Viking]

Exited by CFP.TO position (C$16.40). Nice gain. If stock falls back under C$15 happy to buy back. Trades like this are done in a tax free account. 

Edited February 16, 2024 by Viking

[CorpRaider]

SLG.PRI I'm basically totally out of SLG complex.  What a long nice trip it's been.

[throw123]

lightened up on berkshire