what are you selling today?

[sleepydragon]

18 hours ago, Spekulatius said:

Sold Baxter $BAX due to concern about capital allocation - in particular the potential sale of the Kidney care business. Made a bit money on that one but nothing earth shaking.

 

My concern is that they sell Kidney care business too cheaply and then re- baseline expectations Given their track record , I do think the concern is a valid one.

I sold it too last week

[aesophawk]

Sold all SPHR

Small trims to BAC and BRKB. 

[Saluki]

Sold off the rest of the VTS in my retirement account.  I bought it cheap and don't pay tax on the sale, but 8% dividend is not enough reason to hold it in my non taxable account, which is valuable real estate.  Still have a small position in my taxable account though.  

[Gregmal]

Cleared out a bunch of PCYO, TRC, MMM, ALEX

[fareastwarriors]

31 minutes ago, Gregmal said:

PCYO

 

what was the straw that broke the camel's back

[Gregmal]

1 minute ago, fareastwarriors said:

 

what was the straw that broke the camel's back

JOE 

[Saluki]

Trimmed more VTS before I went on vacation. Now it's a little over 1% position. 

[Paarslaars]

17 hours ago, Gregmal said:

JOE 

Also creating dry powder for when Bruce strikes? 

Edited July 27, 2024 by Paarslaars

[Spekulatius]

Trimmed a bit TPB. It is probably going to the moon now.

[Whensthepaintdry?]

I sold Imkta. I still think it’s cheap, but I’m not seeing anything that will change that anytime soon. 

[Gregmal]

12 hours ago, Paarslaars said:

Also creating dry powder for when Bruce strikes? 

Not even that, it’s just that JOE is doing everything right, and there’s nothing PCYO or TRC offer that JOE doesn’t provide in spades. 
 

JOE I wouldnt be selling at $125-150. PCYO like in the past I’d flip at $14-15 in a heartbeat and TRC $22-25….so I’d rather just consolidate and diversify into other ideas which are beginning to emerge. 

[frommi]

Sold SEER, TUSK, LSEA, DSGN after the little popps in each of them.

[fareastwarriors]

Trimmed some PCYO

[formthirteen]

MO and KNSL

Edited August 1, 2024 by formthirteen

[wisowis]

Sold RCM

[Charlie]

Sold the Apple shares of my mother.

With Buffett´s selling at probably much lower prices, likely continuing selling of Buffett,

 a high valuation (PE of 32), China risk and the natural lack of certainty with tech it didn´t make much sense

to hold.

Valuations matter.

[Milu]

25 minutes ago, Charlie said:

Sold the Apple shares of my mother.

With Buffett´s selling at probably much lower prices, likely continuing selling of Buffett,

 a high valuation (PE of 32), China risk and the natural lack of certainty with tech it didn´t make much sense

to hold.

Valuations matter.

I also sold my apple shares. I'd been thinking about it on and off over past year or so as the valuation kept going ever greater. It's was just under a 4% weighting in portfolio and I sold the lot. I think the disclosure of the Buffett sale was the last indicator I needed that it might be work cashing out for potential use down the line. I rarely sell stocks though and most times I do it ends up being an incorrect decision over the long term. 

[coffeecaninvestor]

Selling some index funds. I have had very little cash for a while now.  I'll have about 8% after the sale today. 

[Saluki]

Sold the last of my VTS at ~$23.50.  Missed the top at ~$26 a week or two ago and I still think it's a good company, but I wanted to free up some cash to buy some of the other stuff that has gotten killed the past few days. 

 

I heard about it on COBF and bought from $14.70 - $19.23  and got a nice return plus a fat dividend while I waited. It's still paying a nice high single digit dividend at these prices, but I'm looking for growth, not income. 

[Luke]

I am reducing some of my margin positions because IB doesn't like it that I have large positions in FFH, PRX and PDD

[Luke]

And i wont buy 35 PE megacaps to have a "compliant" portfolio lol!!!! 

[John Hjorth]

@Luke,

 

Are you trying to tell us that you have been margin called by IB?

[UK]

1 hour ago, Luke said:

I am reducing some of my margin positions because IB doesn't like it that I have large positions in FFH, PRX and PDD

 

Is this the same situation since MW attack in Winter or is it something recent/new? Maybe that is the thing driving FFH price down:)

[Junior R]

doesn't IB auto liquidate? 

[Luke]

IB auto liquidates yes, I have no margin call at all and was not at risk with 70%+ net liquidity but my margin requirements are sky-high because they hate my concentration in PDD, FFH, and Prosus. I wrote with them and even with a tiny margin of 5%, I have like 35% of my portfolio as maintenance margin because of the concentration which kind of sucks. I am only selling things that are in the green, slowly reducing it with the cash coming in every month. Not saying something bad will happen but if there is some big macro event I might really get a margin call like that which id like to prevent. 

 

I am relatively new to portfolio margin and am gaining some experience with it, its a good tool, if understood well and used appropriately. 

Edited August 7, 2024 by Luke