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Posted
19 hours ago, Onefoothurdles said:

Reduced PX

 

Congrats on this.  I'd forgotten all about it - ended up on my 'too hard' pile, but I saw today it's recovered nicely.

Posted
3 hours ago, thowed said:

 

Congrats on this.  I'd forgotten all about it - ended up on my 'too hard' pile, but I saw today it's recovered nicely.

No congratulations warranted here, I haven't profited much on this. My cost is around the 2022/23 levels and I didn't have the confidence to load up meaningfully in 2024.

  • 2 weeks later...
Posted (edited)
2 minutes ago, lnofeisone said:

Naked but with tight stops. 

I'll go ahead and turn off my furnace now

 

edit: IB says there is no UNG to short - heads up!

Edited by gfp
Posted

Yesterday I trimmed a few shares of CPNG and NTDOY.  I was burned when I didn't trim my largest position, GOOG, and it dropped hard after the DOJ thing, but I added more and it worked out.  I trimmed GOOG as it went past my pre-determined weight for it and then when it dropped again it wasn't so bad.  I sold a few shares of META as it crossed the weight I felt comfortable with too. 

 

I decided CPNG and NTDOY are positions that I can sleep soundly with 5% positions.  

Posted (edited)
1 hour ago, Saluki said:

Yesterday I trimmed a few shares of CPNG and NTDOY.  I was burned when I didn't trim my largest position, GOOG, and it dropped hard after the DOJ thing, but I added more and it worked out.  I trimmed GOOG as it went past my pre-determined weight for it and then when it dropped again it wasn't so bad.  I sold a few shares of META as it crossed the weight I felt comfortable with too. 

 

I decided CPNG and NTDOY are positions that I can sleep soundly with 5% positions.  


CPNG drop after earnings also due next week 

Edited by Kizion
Posted
2 hours ago, Kizion said:


CPNG drop after earnings also due next week 

CPNG is a big position for me, and I'm aware of its silly trade-down on a good earnings pattern, but I am hoping this time is different. Ha! 

Posted
1 hour ago, lnofeisone said:

CPNG is a big position for me, and I'm aware of its silly trade-down on a good earnings pattern, but I am hoping this time is different. Ha! 

I know the moment I start joining in on that trade it's going to reverse so I am just holding...

Posted
2 hours ago, Paarslaars said:

I know the moment I start joining in on that trade it's going to reverse so I am just holding...

Same. I'm holding steady but have dry powder to pick up extra shares if needed. 

Posted

A quarter of my BABA on the hysteria recently. Didn’t expect 95% in less than 8 months, so hard to complain. 

Posted

Decided to sell few holdings. I had a good start to the year up 12% (Chinese big tech, Fannie/Freddie and growth stocks all worked), but I'm increasingly concerned that the speed and erratic nature of the changes by the new administration is going to break something (don't care for the politics, just thinking about impact for the markets). Now at 20% cash.

  • Reduced Fairfax to 25% of portfolio from ~32% (part of it from selling and part from rest of pf increasing)
  • Sold 25% of Fannie/Freddie common - up 10x so taking some profits
  • Sold 1/3rd Baba
  • Sold Baidu stock (hold some calls still) - finally giving up on this one after holding for years, they are in all the important new technologies but something in their execution seems to be lacking
  • Sold some growth stocks - these are 10% of my pf as a bucket, reduced to 7.5%

 

 

Posted
19 minutes ago, DooDiligence said:

Damn it. I do not want to sell any of this.

 

I get what your feeling, I am actually starting to think about trimming my Nintendo position to buy cheaper stuff here.

But I would hate selling such a high quality business.

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