Gregmal Posted March 12, 2020 Share Posted March 12, 2020 small adds to DD, MSG and reasonable size add the BRK. Use that cash Warren Link to comment Share on other sites More sharing options...
LC Posted March 12, 2020 Share Posted March 12, 2020 V and Brk. Link to comment Share on other sites More sharing options...
KJP Posted March 12, 2020 Share Posted March 12, 2020 I think there will be many, many opportunities for sure thing multiple bag winners on the long side before long You may well be right. I agree with you that most people mental models of what is likely going to happen are just beginning to change from minor disturbance to full Italy-like shutdown. I hope you post your long ideas when they arrive. EDIT: Rather than "most people," I should have said the expectations of the people in my social circle -- mid 30's - mid 40's professionals with youngish children in a large northeastern city and its surrounding suburbs. They are either ready to or willing to accept closing all schools and public venues for weeks. But they are also the type of people who can handle childcare on their own and don't depend on wages and tips to put food on their table and gas in the car every week. Link to comment Share on other sites More sharing options...
alwaysdrawing Posted March 12, 2020 Share Posted March 12, 2020 You may well be right. I agree with you that most people's mental models of what is likely going to happen are just beginning to change from minor disturbance to full Italy-like shutdown. I hope you post your long ideas when they arrive. I hope so too... We all have a rough road ahead, and I don't mean with respect to investing. That said, there are still companies going to 0 that have puts available, and people are still saying this is just the flu. Going long seems very far away to me. Link to comment Share on other sites More sharing options...
Castanza Posted March 12, 2020 Share Posted March 12, 2020 "The market can remain irrational longer than you can remain solvent your dry powder can last." V, WM, UPS, CMCSA, T, BRK, SBUX, MSG, GRBK, (WFC, BAC, USB) all on the top 10 list. Starting to feel like the dog who caught the car and doesn't know what do do (buy) Bonus check comes in this month :) Link to comment Share on other sites More sharing options...
wabuffo Posted March 12, 2020 Share Posted March 12, 2020 FWIW - bot a couple of slugs of KNOP at $10.94 and then $10.40. Its a C-Corp oil tanker company that is basically a floating pipeline between offshore drilling rigs and port oil terminals. At $10.40 - it yields 20%. Reported earnings last night - everything looks fine, conference call mid-day today that I will be listening to. I think the selling is overdone - but what do I know.... it could still go lower, selling feels pretty indiscriminate. wabuffo Link to comment Share on other sites More sharing options...
deleuze68 Posted March 12, 2020 Share Posted March 12, 2020 Bought VFV (S&P index fund) using about 5% of cash reserve. Never bought the broad index before but decided to dive in today with a starter position. Link to comment Share on other sites More sharing options...
Ross812 Posted March 12, 2020 Share Posted March 12, 2020 So I've been buying SPX leaps and in CDs and MINT etc. for the last few years. I have been trailing the market by about 5%. So I've been 96-97% bonds 3-4% options. I started transitioning a little into equities today. Dipped my toe in with some JPM, KMI, WFC, and BRK-B. 3% total purchase. I think this has more room to go. S&P 2000 i'll be buying a lot more. Link to comment Share on other sites More sharing options...
alwaysdrawing Posted March 12, 2020 Share Posted March 12, 2020 Selling some calls on Vol, and buying more medium to long term puts on banks, health insurers, hotel operators, restaurants, airlines, junk bonds, market indexes. Market still doesn't understand the risk of a pandemic. Surprised the market isn't down more as this becomes more of a sure thing. From 3 days ago. Selling some VIX calls, adding puts on some life insurers and banks. Market still doesn't understand the risk of a pandemic. Link to comment Share on other sites More sharing options...
fishwithwings Posted March 12, 2020 Share Posted March 12, 2020 Does UDFI report? Link to comment Share on other sites More sharing options...
CorpRaider Posted March 12, 2020 Share Posted March 12, 2020 Just a little: BRK.B, LAMR, VNQ Link to comment Share on other sites More sharing options...
DocSnowball Posted March 12, 2020 Share Posted March 12, 2020 VOO, FXI and INDA Dollar cost averaging over the next few weeks Link to comment Share on other sites More sharing options...
alwaysdrawing Posted March 12, 2020 Share Posted March 12, 2020 VOO, FXI and INDA Dollar cost averaging over the next few weeks FXI could lose 90+%. I have hundreds of puts on FXI Link to comment Share on other sites More sharing options...
Viking Posted March 12, 2020 Share Posted March 12, 2020 VZ, T.TO, GOOG, PFE, BRK, SAP.TO Link to comment Share on other sites More sharing options...
rmitz Posted March 12, 2020 Share Posted March 12, 2020 I bought some ATSG for the first time in many years. It was down ~50% from the high. Link to comment Share on other sites More sharing options...
no_free_lunch Posted March 12, 2020 Share Posted March 12, 2020 GD. People are still going to buy weapon systems on a go forward basis, corona virus or no corona virus, doesn't make a difference. Link to comment Share on other sites More sharing options...
Uccmal Posted March 12, 2020 Share Posted March 12, 2020 Al, glad to have your input. I agree on the quality component. Rather buy top shelf stuff when the liquor store is going out of business, rather than well liquor. However, I am slightly less pessimistic. I am not as confident we will see 50% corrections from here, so I am averaging my cowardice on the way down. I think now is the time for those who say, "I've always wanted to own XYZ, but it's always so expensive!" to at least nibble. At least, that is what I am doing. I hear you. For a few of the names I mentioned 50% lower is not that far back in time. I have “nibbled” on HD, V, and FB. The others need to be significantly cheaper for me to really load up. If I don’t get fills, I will sit it out. I have been fully invested since 1997 so it’s not as if I am missing out. Just riding the elevator back down and back up again (perhaps). Well, maybe I was totally off on this one ;D ;D ;D I put another nibble in for V this morning. I raised a few of my bids but dropped the number of shares. I have about 15 orders in. This is feeling too much like w*rk. Got one or two fills in Canada before the ridiculous circuit breakers hit. In general, this likely gets way better (or worse depending on your perspective, before things settle down. Without a government infusion of cash I can easily see every airline in the world, every hotel chain, cruise companies, and all the ancillary travel related businesses in bankruptcy, in short order. Virtually every person I know who has travel plans has been cancelling them. A friend of mine was at his rheumatologist this morning and was advised to cancel a trip to Vancouver next week. The Doctor was cancelling a trip to Boston for a conference that would have had 16000 attendees. My sons school runs an annual trip to Europe and they have cancelled (a week ago). I could pull another dozen examples from my own social circle. These kinds of hits to the economy don’t come without huge pain, and there is no easy reversal. It is totally irrelevant whether there is a real threat or not anymore. It’s all perception shaping reality. Link to comment Share on other sites More sharing options...
alwaysdrawing Posted March 12, 2020 Share Posted March 12, 2020 I raised a few of my bids but dropped the number of shares. I have about 15 orders in. This is feeling too much like w*rk. Got one or two fills in Canada before the ridiculous circuit breakers hit. In general, this likely gets way better (or worse depending on your perspective, before things settle down. Without a government infusion of cash I can easily see every airline in the world, every hotel chain, cruise companies, and all the ancillary travel related businesses in bankruptcy, in short order. Virtually every person I know who has travel plans has been cancelling them. A friend of mine was at his rheumatologist this morning and was advised to cancel a trip to Vancouver next week. The Doctor was cancelling a trip to Boston for a conference that would have had 16000 attendees. My sons school runs an annual trip to Europe and they have cancelled (a week ago). I could pull another dozen examples from my own social circle. These kinds of hits to the economy don’t come without huge pain, and there is no easy reversal. It is totally irrelevant whether there is a real threat or not anymore. It’s all perception shaping reality. You think Iran is digging burial pits that can be seen from space because of perception of risk? WASHINGTON POST Coronavirus burial pits so vast they’re visible from space Iranian authorities began digging a pair of trenches for victims just days after the government disclosed the initial outbreak. Together, their lengths are that of a football field. https://www.washingtonpost.com/graphics/2020/world/iran-coronavirus-outbreak-graves/ The government will not be bailing out common shareholders.....how can you people not see this? Link to comment Share on other sites More sharing options...
nspo Posted March 12, 2020 Share Posted March 12, 2020 Buying some long-term compounders (an outlook of 5 years or so): FB, Tencent, Baidu, ANTM, Brkb Also, buying businesses that are acquisitive and will use the current climate to influence deal flow: Bery, (maybe MTY), and KKR for now. If anyone else has some defensive rollup ideas, I'd love to hear them. Link to comment Share on other sites More sharing options...
chesko182 Posted March 12, 2020 Share Posted March 12, 2020 MTN and AMZN Link to comment Share on other sites More sharing options...
longlake95 Posted March 12, 2020 Share Posted March 12, 2020 OTEX, HTL ( Hamilton thorne ) CVET Link to comment Share on other sites More sharing options...
Xaston Posted March 12, 2020 Share Posted March 12, 2020 AZO, MTCH, ITRN, GOOS, XPEL, PAYS Link to comment Share on other sites More sharing options...
Viking Posted March 12, 2020 Share Posted March 12, 2020 OK, Bloomberg is reporting that perma bear David Rosenberg is starting to nibble on dividend paying stocks... Link to comment Share on other sites More sharing options...
shhughes1116 Posted March 12, 2020 Share Posted March 12, 2020 FISV Link to comment Share on other sites More sharing options...
Uccmal Posted March 12, 2020 Share Posted March 12, 2020 I raised a few of my bids but dropped the number of shares. I have about 15 orders in. This is feeling too much like w*rk. Got one or two fills in Canada before the ridiculous circuit breakers hit. In general, this likely gets way better (or worse depending on your perspective, before things settle down. Without a government infusion of cash I can easily see every airline in the world, every hotel chain, cruise companies, and all the ancillary travel related businesses in bankruptcy, in short order. Virtually every person I know who has travel plans has been cancelling them. A friend of mine was at his rheumatologist this morning and was advised to cancel a trip to Vancouver next week. The Doctor was cancelling a trip to Boston for a conference that would have had 16000 attendees. My sons school runs an annual trip to Europe and they have cancelled (a week ago). I could pull another dozen examples from my own social circle. These kinds of hits to the economy don’t come without huge pain, and there is no easy reversal. It is totally irrelevant whether there is a real threat or not anymore. It’s all perception shaping reality. You think Iran is digging burial pits that can be seen from space because of perception of risk? WASHINGTON POST Coronavirus burial pits so vast they’re visible from space Iranian authorities began digging a pair of trenches for victims just days after the government disclosed the initial outbreak. Together, their lengths are that of a football field. https://www.washingtonpost.com/graphics/2020/world/iran-coronavirus-outbreak-graves/ The government will not be bailing out common shareholders.....how can you people not see this? Uhm no, I guess didn’t communicate that clearly. I was deliberately staying out of the debate on whether a risk exists or not. It’s no longer relevant. The economy and stocks are going real low so pick your bets wisely. Link to comment Share on other sites More sharing options...
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