what are you selling today?

[LC]

On 8/16/2024 at 3:19 PM, Eng12345 said:

some C 

 

Curious why - I don't think the thesis has really played out. 

[Saluki]

Trimmed 10% of my TAYD shares at $50.  I'll probably keep my early shares at $20 and see what happens, but while the aerospace segment (drone landing gear) is growing a lot, I was wrong about the structural (earthquake proof building devices), so I don't want to succumb to thesis drift.  Will probably sell down to a 1% position and wait. 

 

I had a small amount of Arch Resources (less than $1k) that I bought to remind me to do more research on some coal companies.  I sold it on the 6% pop this morning after news came out that they are merging with Consol.  Still have a couple of small positions in a couple of other coal companies while I study them and decide if I want to buy more or sell and move on. 

 

Sold about 25% of my TV position.  I bought more a month ago so that I could sell my higher cost shares and keep the same position.  It's down another 20% since then    I may do the same move next month, or maybe just sell the whole thing.  The new leftist president in Mexico hasn't taken office yet, and I don't know if she will be better or worse than the previous leftist. 

[EBITDAg]

Sold my small COST position. 55x earnings is a bit much. Would love to own again 40% lower.

[fareastwarriors]

2 hours ago, EBITDAg said:

Sold my small COST position. 55x earnings is a bit much. Would love to own again 40% lower.

Watch it go up to $1000 shortly 

 

jk,jk

Edited August 21 by fareastwarriors

[Eng12345]

16 hours ago, LC said:

 

Curious why - I don't think the thesis has really played out. 

I agree the thesis has not played out but I continue to lose confidence. A big hit to my confidence was when that Andy Siegel report just quit after a few short months. That was pretty telling I think. I wanted to sell a lot of at that point a few weeks ago but it was tactically a bad time.

 

It still remains my second largest position, but I continue to lose confidence and I'm not convinced any of the performance to date is based on company performance rather than market performance.

 

Apologies for the bad punctuation on vacation in Aruba.

[Eng12345]

To Dalals point it does sometimes feel like a case of moving goalposts but I maintain that late 2025 is my personal deadline for MEANINGFUL buybacks

[LC]

1 minute ago, Eng12345 said:

To Dalals point it does sometimes feel like a case of moving goalposts but I maintain that late 2025 is my personal deadline for MEANINGFUL buybacks

 

Yeah that's fair and that is kind of my timeline as well. 

 

On executive departures: frankly I think they're all overpaid. 

[Eng12345]

3 minutes ago, LC said:

 

Yeah that's fair and that is kind of my timeline as well. 

 

On executive departures: frankly I think they're all overpaid. 

Yeah but who takes a job like that after 17 years at Merrill Lynch and then subsequently quits a few months later? I may be reading the tarot cards too much but it does seem as if something was materially misrepresented 

[LC]

Perhaps - but this is an incestuous industry. There is no real secret sauce that other banks are unaware of. I am pretty sure he had a good idea what he was walking into from Merrill to Citi. 

 

Another explanation is Jane & Co are planning to reduce the wealth business (e.g. https://finance.yahoo.com/news/citigroup-says-wealth-unit-sell-220652812.html) and he didn't want to end a career slashing businesses and cutting heads? 

[ASTA]

I sold 40% of brk the last couple of months for an average of $435. expenses, PE, and cash are the reasoning and I think there might be better opportunities that might come  also, for the first time in 7 years I see that there are maybe better opportunities than brk as a staple holding. Opportunity costs of owning a large % in brk is also on my mind.

[Saluki]

Sold a few META and FFH shares in my retirement account that I bought recently for a quick hit and bought more OXY.

 

Unintentionally sold more TAYD when a resting sell order hit it's price target.  

[Charlie]

I sold Bank of America shares of my mother.

When Buffett is fearful, when others are greedy it is better to listen.

 

[UK]

I am in the process of selling my main (non listed) real estate investment which was bought in 2018 and its price has ~ followed this index since. Some dry powder is coming, if the deal closes as expected soon:)

 

 

[Spekulatius]

Sold $FIVE. Worked out alright.

[Saluki]

Been trimming some STNG.  

[fareastwarriors]

trimmed PCYO

 

[Spekulatius]

Sold $CELH starter. Concern about continuing large insider sales.

[Spekulatius]

Sold most of my $BABA. Worked well enough.

 

While a I don’t mind smaller portfolio position , that particular one does require more ongoing research to keep current than it’s worth for me.

[Spekulatius]

11 hours ago, Spekulatius said:

Sold most of my $BABA. Worked well enough.

 

While a I don’t mind smaller portfolio position , that particular one does require more ongoing research to keep current than it’s worth for me.

Up 5% today. Should have waited a little longer…

[Saluki]

7 hours ago, Spekulatius said:

Up 5% today. Should have waited a little longer…

 

If you look at the BABA post you can see that I sold out right before it popped.  Ditto for TV.  The ancient curse on my portfolio strikes again.  Luckily, it's magic works powerfully only in the short term but fades away in the long term.  When I bought Coupang it went down 50% before the curse wore off. Scorpio Tankers was down 80% at one point.  

 

[Paarslaars]

Going to keep a closer eye on your sells from now on.

[Jaygo]

Slimming down my Aritzia position. I just sold about 20% of what I have after it creeped up to my 3rd largest position.

 

Still very much a believer here, I do expect that after the 130% return this year we will have a better buy again. Even if only at $40 again. The earnings are in a couple weeks, the last Q was the bell ringer saying were back. I think this one will be the bell that says the story is still just as strong but the consumer has tightened their belts. I expect not great guidance.

 

[Paarslaars]

Sold my BABA 90's calls, up 100% from earlier this year. Used the proceeds for some JD and PDD OTM calls.

[moneyball]

9 minutes ago, Paarslaars said:

Sold my BABA 90's calls, up 100% from earlier this year. Used the proceeds for some JD and PDD OTM calls.

Congrats. Wanted to do that play in early August/late July, but was too chicken. How do you think about timing for the new calls vs. rolling position into equities?

[Paarslaars]

Just now, moneyball said:

Congrats. Wanted to do that play in early August/late July, but was too chicken. How do you think about timing for the new calls vs. rolling position into equities?

I also own the equities and calls are Jan '26. If they run up I probably sell the calls and keep the equity.