what are you selling today?

[Gregmal]

7 hours ago, Parsad said:

 

https://finance.yahoo.com/news/macys-mulling-58-billion-buyout-offer-source-230606275.html

 

Tomorrow morning, I'm going to make on Macy's in the last six months, as much as I've made on META in the last year and FFH in the last three years!  I believe Castanza will be quite happy too! 

 

Cheers!

Still regretting selling your overstock?

 

Congrats. 

[Parsad]

2 hours ago, Gregmal said:

Still regretting selling your overstock?

 

Congrats. 

 

Yeah, no.  Funny what a difference a month can make!  Cheers!

[Xerxes]

Congrats @Parsad

I got to try to be more awesome like you

[Red Lion]

21 hours ago, Parsad said:

 

https://finance.yahoo.com/news/macys-mulling-58-billion-buyout-offer-source-230606275.html

 

Tomorrow morning, I'm going to make on Macy's in the last six months, as much as I've made on META in the last year and FFH in the last three years!  I believe Castanza will be quite happy too! 

 

Cheers!

You’re beyond killing it. 

[Red Lion]

Sold calls on fg with a $50 strike. I bought this at spinoff around $18, still in short term gains but we finally have call options to expire past my 12 month mark. 

[Spekulatius]

Sold the remainder of LUV in my tax deferred accounts and my highest cost basis shares in my taxable accounts. Worked out very satisfactory due to averaging down.

 

I have no idea why it went down so much, nor why it went back up so quickly (lower crude prices?).

[Spekulatius]

Sold $LHX and $CASH in tax deferred accounts.

Edited December 13, 2023 by Spekulatius

[Spekulatius]

Selling remainder of POAHY (small loss)

$BAC and $GS in my tax deferred account (very nice gains on these just 2 month old positions)

[ValueArb]

I have been in the midst of dumping my failed bio-tech net-nets this month. Turns out I'm not good at handicapping which will rationally return capital and which will continue to throw shareholder equity on the craps table for another dice throw.

 

The one I'm continuing to hold is FIXX as a special level of torture. $1 basis, at least $1.36 a share in net cash + up to 30 cents in an equity investment, trading at 56 cents after announcing a reverse merger. 

[sleepydragon]

18 minutes ago, ValueArb said:

I have been in the midst of dumping my failed bio-tech net-nets this month. Turns out I'm not good at handicapping which will rationally return capital and which will continue to throw shareholder equity on the craps table for another dice throw.

 

The one I'm continuing to hold is FIXX as a special level of torture. $1 basis, at least $1.36 a share in net cash + up to 30 cents in an equity investment, trading at 56 cents after announcing a reverse merger. 

Have you looked at 2Seventy? I think the ceo might get kicked out if the activist fund have their ways.

I missed it when 2Seventy dropped to 1seventy ($1.70) , it’s now more than $3. 

[ValueArb]

7 minutes ago, sleepydragon said:

Have you looked at 2Seventy? I think the ceo might get kicked out if the activist fund have their ways.

I missed it when 2Seventy dropped to 1seventy ($1.70) , it’s now more than $3. 

 

Get behind Me, Satan! Spare me your temptations for I have chosen to only walk the path of the righteous and profitable in their daily business!

 

Ok, thanks, I'll take a look.

[Jaygo]

sold my cost basis in SSD. Love the company and will keep the house money invested but id like to put the proceeds into adjacent companies that have better value.

[KJP]

1 hour ago, ValueArb said:

 

Get behind Me, Satan! Spare me your temptations for I have chosen to only walk the path of the righteous and profitable in their daily business!

 

Ok, thanks, I'll take a look.

 

Galecto (GLTO) may tempt you also.

[treasurehunt]

Trimmed BAC, GS and JPM. US banks are still about 30% of my portfolio.

[ValueArb]

2 hours ago, KJP said:

 

Galecto (GLTO) may tempt you also.

 

Thanks, I've been watching it a while. It's not cheap enough and doesn't have any significant activists involved.

[Eng12345]

BAC BHP AJG SPY VFVA

 

Working to get out of some smaller positions and consolidate holdings across accounts. I want more concentration than I've had previously. Some of these positions (BHP AJG) I'm sure would serve me quite well even going forward however I am not happy enough with the expected returns to make a large position. 

 

Also getting out of index funds completely other than my employer plan. 

[Jaygo]

Sold my cost basis in federal signal. A direct beneficiary of infrastructure and reshoring but 35x pe is a little much. The majority of the industrial segment is crazy expensive right now. I love the sector since I can understand it better than others but graco at 30x federal signal at 35x Tennant at 28x, Ingersoll rand at 42x and all the materials at 30-40x just seems nuts.

 

Its funny when you have Linemar the maker of skyjack sitting there at like 9x and Oshkosh at 13x

 

 

 

 

[Spekulatius]

Sold DOCS (today) and ESS (yesterday). Reduced CPT by 1/3. All in tax deferred accounts.

 

I am surprised how much ESS has outperformed peers CPT and MAA.

[sleepydragon]

22 hours ago, ValueArb said:

 

Thanks, I've been watching it a while. It's not cheap enough and doesn't have any significant activists involved.

What do you think of THRX?

[ValueArb]

1 hour ago, sleepydragon said:

What do you think of THRX?

 

Its interesting, I'm not going to value a CVR very highly so I'd like to pick it up cheaper but there is a good potential that Orbimed/Foresite pay more than Tang. So far I've held off hoping it will get cheaper.

[KJP]

Saga Communications (SGA)

[Paarslaars]

IPCO

[longlake95]

ATRL

[ValueArb]

Sold my DCBO odd lots from mine/client accounts. Bought at $45 thinking I could tender them at $55 and get 100% accepted since each of us only owned 99 shares. These were all IRAs so theoretically there is no tax on the canadian distribution which would have been $7/share in a taxable account. 

 

But for some reason it's been moving up the last week and I considered selling at $48 to avoid the hassle and risk that I'd still get stuck paying tax withholding due to broker/company misunderstanding of law, and also the risk that so many odd-lotters will lead DCBO to remove the odd lot provision. Luckily I waited and sold at $51.29 (!?) today. No idea whats going on, and looks like I sold too early, $51.68 and still climbing.

[Ross812]

Sold LHX, ASHTY, and PNC. Sold some ITM calls on my CASH position.