what are you selling today?

[Spekulatius]

5 hours ago, MattR said:

Why do you feel like selling? It is still pretty undervalued compared to most of the market, and pays a nice dividend, especially if you bought in the 35 range. 

Yes, I bought this low. The runup has been crazy, must be due to factors driving it. I don't think the terminal value concerns will ever go away with this one. That said, I funneled at bit more into SWMAY yesterday, which hasn't really run up at all.

[mjm]

1 hour ago, Spekulatius said:

Yes, I bought this low. The runup has been crazy, must be due to factors driving it. I don't think the terminal value concerns will ever go away with this one. That said, I funneled at bit more into SWMAY yesterday, which hasn't really run up at all.

what is your criteria/preference for buying foreign shares thru ADR or on a US traded market versus the home market.  Curious since you trade foreign shares rather routinely. Thanks

[Dinar]

1 hour ago, Spekulatius said:

Yes, I bought this low. The runup has been crazy, must be due to factors driving it. I don't think the terminal value concerns will ever go away with this one. That said, I funneled at bit more into SWMAY yesterday, which hasn't really run up at all.

I sold in both taxable and IRA.  I swapped 70% into PM.  I already own a chunk of SWMAY - 5% position for me.

[Spekulatius]

39 minutes ago, mjm said:

what is your criteria/preference for buying foreign shares thru ADR or on a US traded market versus the home market.  Curious since you trade foreign shares rather routinely. Thanks

 If I get satisfactory liquidity, I tend to buy the ADR's. It also depends on my account - I have both IB and Fidelity account and never buy on foreign exchanges in my Fidelity accounts, due to high costs.

[Red Lion]

Closed out of my $10/$15 April call spread on APTS. Feel like a real dumbass with that $15 call option. 

[formthirteen]

Small position in STNE. Let it RIP.

[Red Lion]

Trimmed my MO position. 

[formthirteen]

Selling a small position in VNO.

 

 

Edited February 17, 2022 by formthirteen

[ValueArb]

Sold part of my SLVM position (28%). It's runup about half way to my end of the year goal, and reconsidering how much weight I gave it due to its debt load.

 

Edit: Oops, I originally wrote SILV and 8%, first was a brain fart, second changed when I decided to sell more. SLVM is a spinoff where International Paper loaded it with debt. It should have no problem paying down the debt and start buying stock back to move it's PE up from 5 to 8 next year, but I don't like to hold large positions in anything with balance sheet risk.

Edited February 17, 2022 by ValueArb

[Red Lion]

Sold off my recently acquired Burford shares at around the same price I bought them to free capital for higher conviction picks.

[Gregmal]

Sold most of my NFLX puts. Dont think its bottomed but with volatility expensive and my portfolio already quite conservative figured there's easier fish to catch. 

[Red Lion]

Sold a starter position in OWL that I just bought for a 2% loss, and used the proceeds to plow into more KKR at a 59 handle. 

[fareastwarriors]

Took some PGRE off the table. Will let the rest ride for now.

[Spekulatius]

Sold VTRS at a loss. I decided I was wrong about this one. Y2022 EBOTDA forecast was significantly below consensus and they got way less for the biosimilar business than hoped for. I am surprised they are selling it for this price. I decided my thesis is busted.

 

Edit: Sold LHX in my IRA's. I think it's fully valued.

Edited February 28, 2022 by Spekulatius

[Spekulatius]

Sold $RHM.DE close to ~155 Euro in my IRA. Crazy how this benefited from the Ukraine war.  I bought this at ~64 Euro not so long again . I am hodling in my taxable account (bought even lower). Sometimes deep value works although the circumstances are sad in this case.

[lnofeisone]

Sold half of my SRG calls (2.5x gain). The rest is on the house. 

[KJP]

Williams (WMB)

[JRM]

48 minutes ago, KJP said:

Williams (WMB)

Why?

[KJP]

42 minutes ago, JRM said:

Why?

 

1.  I've already got exposure to U.S. natural gas (and the Haynesville in particular) via Black Stone Minerals.  I prefer to keep that over Williams.

 

2.  At the current price I think it will be hard to make 15%/year on Williams, and I don't want too many investments that don't meet that standard.  That belief isn't based on much though.  At the price I bought, very little research was required.  At today's price, I think you need to look deeper into the company, and the pipeline business doesn't interest me enough to do that.

 

3.  The Williams shares I sold today ~$32.80 I bought two years ago for around $7.  This ought to have no bearing on anything, but I suspect it continues to color my views about reasonable valuation.  

Edited March 2, 2022 by KJP

[throw123]

Kroger (KR)

[Red Lion]

Altria in my taxable account for a long term gain. Recycled proceeds into KKR. Will probably try to replace the Altria shares over the coming months inside my tax deferred accounts. 

[formthirteen]

Sold some BATS.L to fund future purchases.

Edited March 4, 2022 by formthirteen

[GordonGekko69]

Sold 30% of my SLV to enhance my cash balance for future buys.

Wrote 2 Puts on BABA @ 100 USD Exp. 09/16

Wrote 2 Puts on PDD @ 35 USD Exp. 10/21

May start a position in PAH3 beginning next week or sell Puts around 66 EUR to get my starter price of 65 EUR

[formthirteen]

Sold WFC, BANX.

Edited March 7, 2022 by formthirteen

[Spekulatius]

GMED