what are you selling today?

[Spekulatius]

Sold some TPB - has been on a tear lately. I believe it’s due to them having introduced nicotine pouches but I am not quite sure.

Edited November 1, 2024 by Spekulatius

[Saluki]

Sold my position in Enovix for a small profit.  It's not worth the mental bandwidth to keep monitoring it, and management's surprise equity raise the day after the conference call, where it wasn't mentioned, makes me unlikely to make it a bigger position even if things start going right. 

[Spekulatius]

Sold my MBLY shares. Made some gains in tax deferred accounts. I have no idea why it’s up - maybe better the feared INTC results?

.

[KJP]

OP Bancorp (OPBK)

[gfp]

Using that IB mid price algorithm to sell a bit of Nelnet before earnings.  Up a lot this morning.

[LC]

1 minute ago, gfp said:

Using that IB mid price algorithm to sell a bit of Nelnet before earnings.  Up a lot this morning.

How do you find that algorithm functions? I see it all the time but I have no idea how it works, so I just put limit orders in at the bid (if it's a 1-cent bid/ask difference) or just calculate the midpoint myself.

[gfp]

2 minutes ago, LC said:

How do you find that algorithm functions? I see it all the time but I have no idea how it works, so I just put limit orders in at the bid (if it's a 1-cent bid/ask difference) or just calculate the midpoint myself.

 

I only use it on stock where there is a big spread.  I often get fills that don't show up on the chart that are better than the stock officially trades at.  Sometimes it takes a while but this morning the fills have been very good and pretty quick.  A lot of the stuff I trade won't execute on the bid or the ask and if I calculate the midpoint and put in a limit sell it will just move the ask and signal the market I am trying to sell.

[backtothebeach]

3 hours ago, gfp said:

I only use it on stock where there is a big spread.  I often get fills that don't show up on the chart that are better than the stock officially trades at.

 

Same here. I have used the Midprice algorithm on SSD and MELI, for example, and it gets better and faster fills than limit orders.

 

Unfortunately Midprice algo is not available for FRFHF or FFH.

[Sweet]

Trimmed shitty bank

[LC]

1 minute ago, Sweet said:

Trimmed shitty bank

Same. I sold some calls that will get exercised, also took the opportunity to trim further.

[Saluki]

Trimmed some TAYD, which was up double digits today, and trimmed some GOOG to keep it at the portfolio weight I want.  I still like both companies but I'm trimming to get my margin down a little before the end of the year. 

[lnofeisone]

Sold HSY. Lost patience. 

[Spekulatius]

Sold most of the bank stocks I had.

[ourkid8]

Sold Shittybank and BTI. 

[Spekulatius]

2 minutes ago, ourkid8 said:

Sold Shittybank and BTI. 

Why BTI?

[tnathan]

Thinking about selling HIFS tomorrow -- not sure why that would be up so much but ill take it

[lnofeisone]

35 minutes ago, tnathan said:

Thinking about selling HIFS tomorrow -- not sure why that would be up so much but ill take it

I unloaded HIFS today and rotated into CPNG. 

[ourkid8]

13 hours ago, Spekulatius said:

Why BTI?

It was a small trading position which I was up nicely on. I rolled the proceeds of shitty, BTI and cash on hand into JOE which is now a core position.  I still really like BTI and would buy it again.  

Edited November 7, 2024 by ourkid8

[Spekulatius]

Sold $GTLS. Worked out well.

[Spekulatius]

Reduced CMCSA and  sold $CABO. $CABO was a loss.

[Saluki]

Trimmed some GOOG again to keep it at 20%. 

 

I also trimmed a little HHH in my retirement account.  I know Ackman said that he considering making an offer for the whole thing, but my retirement account is valuable real estate and I've been waiting for this to turnaround since the pandemic.  

[Saluki]

For those who want to do the opposite of me to take advantage of the trading curse, I sold all the ENPH in my taxable accounts.  Enjoy the double from here

 

By the way, last year I bought a little MELI and quickly sold for a 20% profit because I thought it was overpriced.  Even after yesterday's 16% drop, I would be up more than 100% if I did nothing but sit on my hands. 

[Sweet]

More Shitty bank

[Hektor]

19 hours ago, Spekulatius said:

Reduced CMCSA

Why?

[Spekulatius]

38 minutes ago, Hektor said:

Why?

Valued Ok for the stagnant business it has become.