what are you selling today?

[sleepydragon]

I think there’s probably a lot of forced selling today — that’s why everything being sold. Heard Merrill had the highest margin calls today since covid. IBKR had a software glitch which multiplied people’s maintenance margins and sent out liquidation notices — some people sold stocks and only learned later it was a bug

[villainx]

45 minutes ago, sleepydragon said:

IBKR had a software glitch which multiplied people’s maintenance margins and sent out liquidation notices

 

Thank goodness I didn't get this notice!  I really have hard time understanding IBKR's desktop.

 

 

 

[Paarslaars]

1 hour ago, sleepydragon said:

I think there’s probably a lot of forced selling today — that’s why everything being sold. Heard Merrill had the highest margin calls today since covid. IBKR had a software glitch which multiplied people’s maintenance margins and sent out liquidation notices — some people sold stocks and only learned later it was a bug

 

Oh thanks for this, I was nowhere near my margin limits and got this notice today (+/- 3 hours ago) ... thought wtf?

[brobro777]

5 hours ago, sleepydragon said:

I think there’s probably a lot of forced selling today — that’s why everything being sold. Heard Merrill had the highest margin calls today since covid. IBKR had a software glitch which multiplied people’s maintenance margins and sent out liquidation notices — some people sold stocks and only learned later it was a bug

https://www.ft.com/content/8ba439ec-297c-4372-ba45-37e9d7fd1771

 

Hedge funds getting margin calls!

[Santayana]

Sold a few of my Dec 25 $400 SPY puts.

[CorpRaider]

18 hours ago, Paarslaars said:

 

Oh thanks for this, I was nowhere near my margin limits and got this notice today (+/- 3 hours ago) ... thought wtf?

Me too and I'm not even close.  Had me scratching my head  I move some $ in anyways.  

Edited April 5, 2025 by CorpRaider

[Spekulatius]

Sold most of my $CACI

[Hektor]

4 hours ago, Spekulatius said:

Sold most of my $CACI

Why?

[Spekulatius]

6 minutes ago, Hektor said:

Why?

Same concerns that @dealraker is having regarding reduced defense spending. I also finds very attractive other opportunities out there and  I need some cash in some accounts to buy these.

 

It turned out to be profitable trade after all for me but that’s wasn’t why I sold it.

[Hektor]

33 minutes ago, Spekulatius said:

Same concerns that @dealraker is having regarding reduced defense spending. I also finds very attractive other opportunities out there and  I need some cash in some accounts to buy these.

 

It turned out to be profitable trade after all for me but that’s wasn’t why I sold it.

Thanks @Spekulatius

[Hsmpanl]

1 hour ago, Spekulatius said:

Same concerns that @dealraker is having regarding reduced defense spending. I also finds very attractive other opportunities out there and  I need some cash in some accounts to buy these.

 

It turned out to be profitable trade after all for me but that’s wasn’t why I sold it.

Care to elaborate on what you’re seeing? I agree some really attractive things but haven’t pulled the trigger in a significant way yet. Hoping things keep getting cheaper

[Masterofnone]

Sold a slug of Berkshire this morning in a non-taxable account. Now at roughly 15% cash.

[gfp]

1 minute ago, Masterofnone said:

Sold a slug of Berkshire this morning in a non-taxable account. Now at roughly 15% cash.

 

I've sold some too.  Its kinda sad but you gotta do what you gotta do

 

[Milu]

Hmm, people selling Berkshire, maybe we are getting closer to a bottom? So far I've made one buy during this downturn, 2.5% purchase of LVMH taking my cash down from 30% to 27.5%. Not yet seeing bargains yet but prices are certainly getting closer to reasonably valued. Hope to get to put more money to work over coming months.

[gfp]

14 minutes ago, Milu said:

Hmm, people selling Berkshire, maybe we are getting closer to a bottom? So far I've made one buy during this downturn, 2.5% purchase of LVMH taking my cash down from 30% to 27.5%. Not yet seeing bargains yet but prices are certainly getting closer to reasonably valued. Hope to get to put more money to work over coming months.

 

I mean, look at those sales prices.  That's a top - not a bottom

[Milu]

10 minutes ago, gfp said:

 

I mean, look at those sales prices.  That's a top - not a bottom

No I meant a market bottom, not Berkshire bottom. Berkshire prices are certainly close to top (at those $530+ prices) and I think you made a smart move selling at those prices.

Edited April 8, 2025 by Milu

[Masterofnone]

3 hours ago, gfp said:

 

I've sold some too.  Its kinda sad but you gotta do what you gotta do

 

 

Well aren't you Mr. Top Tick!

Well done!

My last order after open at $516.22 showed for a few seconds at the ask, but that turned out to be just the moment of the expected descent.

It is kind of sad, but I'm at a time of life where preservation of capital has to enter the calculus.

Edited April 8, 2025 by Masterofnone

[Ross812]

Sold 30% of my BRK-B position a couple days ago, RDDT for a quick 20% gain but only a 1% position, VRSN, and trimmed a bit of ASML from 11% to a 9% after loading up the passed few days. 

[cubsfan]

22 hours ago, Masterofnone said:

 

Well aren't you Mr. Top Tick!

Well done!

My last order after open at $516.22 showed for a few seconds at the ask, but that turned out to be just the moment of the expected descent.

It is kind of sad, but I'm at a time of life where preservation of capital has to enter the calculus.

 

He did the same thing with NNI. Pretty damn impressive.

[DooDiligence]

Sold all my BRK.B in non-taxable on the pop and earmarked the cash for repurchasing the same +. This guy's flying by the seat of his poop filled pants. There will definitely be more executive market manipulation.

[sleepydragon]

16 minutes ago, DooDiligence said:

Sold all my BRK.B in non-taxable on the pop and earmarked the cash for repurchasing the same +. This guy's flying by the seat of his poop filled pants. There will definitely be more executive market manipulation.

I need to download  , what is that called, truthsocial app?

[dwy000]

Sold a bunch of JPM.  We are a long way from out of the woods and it's fully priced.  The uncertainty and volatility are going to be felt in higher default rates and lower activity.  Good chance to lighten up today. 

[Monsieur_dee]

Sold 10% of BRK in the last week

 

[This2ShallPass]

Only thing I sold was Fannie / Freddie pfds earlier in the week. It was a small position. 

[sleepydragon]

sold all my Fannie/freddit prefers. too much dramas