what are you selling today?

[EgonKuhn]

Sold my BIJ.DE (Bijou Brigitte Modische Accessoires AG) position

[indirect]

sold 25% of my BB position 

[yesman182]

trimming crox

[EgonKuhn]

Sold 1/2 of my SHOO position

[Spekulatius]

Sold remainder of PSA. This served as a cash substitute and did way better then that.

[decipher]

Sold TGT '27 leaps, trading position (<1%)

[brobro777]

Sold short EWY

 

[EgonKuhn]

Sold 1/2 of my IVZ position

[ANP301191]

sold about half my position in RMS at the open in Paris.

[treasurehunt]

Closed out my position in CROX. This ended up being a nicely profitable trade, but I realized that branded retail is not my game.

[jfan]

9 hours ago, ANP301191 said:

sold about half my position in RMS at the open in Paris.

I recall you were quite bullish at these prices, did you change your mind?

[villainx]

1 hour ago, treasurehunt said:

Closed out my position in CROX. This ended up being a nicely profitable trade, but I realized that branded retail is not my game.

 

I think there's still room to go higher, but it's less easy money at this share price.  

 

[ANP301191]

2 hours ago, jfan said:

I recall you were quite bullish at these prices, did you change your mind?

I am still very bullish - i just maintain the possibility that I am wrong so i took half the position off. And honestly i couldnt sleep well with the position sizing. At 5% i am more comfortable.

[thowed]

3 hours ago, ANP301191 said:

I am still very bullish - i just maintain the possibility that I am wrong so i took half the position off. And honestly i couldnt sleep well with the position sizing. At 5% i am more comfortable.

 

Fair enough.  Feels like this is a Narrative drives Price thing atm, not you, but generally.  It was untouchable for so long, but now the price has corrected, everyone feels more nervous (myself included!).  It's crazy it's just been at the Nov 21 peak price.

 

For me, the main issue is size - how much bigger can they get?  Can Elephants gallop?  But then, given the prices, the volumes probably can get bigger.

 

Meanwhile you have an Outstanding family-led management team who execute so well.

 

I guess the turnaround is predominantly China/Asia recovery - though I imagine all the IPO money might help a bit too! (Or will that go more to Ferrari...).

 

I also hope it is inflation-proof.