Artha158 Posted March 12, 2020 Share Posted March 12, 2020 GEO, CXW Link to comment Share on other sites More sharing options...
bskptkl Posted March 12, 2020 Share Posted March 12, 2020 BKNG starter position... GOOGL added to last weeks starter position AXP add Link to comment Share on other sites More sharing options...
Santayana Posted March 12, 2020 Share Posted March 12, 2020 Bought back some of the FRFHF that I sold a couple of weeks ago. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted March 12, 2020 Share Posted March 12, 2020 Bought back some of the FRFHF that I sold a couple of weeks ago. God it's tempting.... Link to comment Share on other sites More sharing options...
jeffsreng Posted March 12, 2020 Share Posted March 12, 2020 Bought back some of the FRFHF that I sold a couple of weeks ago. God it's tempting.... Are you willing to sell all your holdings and wait for the bottom to put all your net worth into FRFHF? Link to comment Share on other sites More sharing options...
DooDiligence 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? "Visible from space" used to be a pretty spectacular thing when it meant "visible with the naked eye from space". Now it means we've used a high powered satellite camera to spot x2 100 yard long trenches which were dug in a cemetery in a densely packed city that reported the 1st cases in a country with poor infrastructure which didn't have much chance to defend against the spread of the virus. Keep stoking the fear though. Link to comment Share on other sites More sharing options...
alwaysdrawing Posted March 12, 2020 Share Posted March 12, 2020 "Visible from space" used to be a pretty spectacular thing when it meant "visible with the naked eye from space". Now it means we've used a high powered satellite camera to spot x2 100 yard long trenches which were dug in a cemetery in a densely packed city that reported the 1st cases in a country with poor infrastructure which didn't have much chance to defend against the spread of the virus. Keep stoking the fear though. When mass graves for people being killed from this virus doesn't impact you, that's pretty wild. Burying a mass of bodies in 100 yard trenches is not like the seasonal flu... I am afraid, and not of financial markets falling. I am afraid too many people are not taking this seriously. Link to comment Share on other sites More sharing options...
DooDiligence Posted March 12, 2020 Share Posted March 12, 2020 "Visible from space" used to be a pretty spectacular thing when it meant "visible with the naked eye from space". Now it means we've used a high powered satellite camera to spot x2 100 yard long trenches which were dug in a cemetery in a densely packed city that reported the 1st cases in a country with poor infrastructure which didn't have much chance to defend against the spread of the virus. Keep stoking the fear though. When mass graves for people being killed from this virus doesn't impact you, that's pretty wild. Burying a mass of bodies in 100 yard trenches is not like the seasonal flu... I am afraid, and not of financial markets falling. I am afraid too many people are not taking this seriously. You miss the point entirely. I won't bother to explain. Link to comment Share on other sites More sharing options...
Lance Posted March 13, 2020 Share Posted March 13, 2020 Adds - BTI, IRM, KMI, MO, PBCT, PH, PRU, RDSb, SBX, SPG, UTG, VIAC, VIACA, WFC and WPC. New - FAST Options - wrote puts on CXW and GEO. Added to Vanguard small and midcap value and EM funds in an IRA. Thanks Lance Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted March 13, 2020 Share Posted March 13, 2020 Bought back some of the FRFHF that I sold a couple of weeks ago. God it's tempting.... Are you willing to sell all your holdings and wait for the bottom to put all your net worth into FRFHF? Not a chance in hell. I've learned hard lessons about extreme concentration and being wrong. My largest position size is now 10% and typically takes years to build to. Though, as mentioned in the other thread, if credit spreads blow out Fairfax may just have a chance to deliver 10-15% ROE even without higher rates...and that would be worth paying the repurchasing all of the shares I sold back in the $500 USD range. Link to comment Share on other sites More sharing options...
orthopa Posted March 13, 2020 Share Posted March 13, 2020 This may have been discussed before but anyone looking at buying puts on the vxx? I know the implied volatility is very high but looking out to this summer and a realization that the virus is not deadly as well as general calm in the market should cause a huge fall in the vxx. Thoughts from those a little more versed on this? Link to comment Share on other sites More sharing options...
RichardGibbons Posted March 13, 2020 Share Posted March 13, 2020 Over the last couple of months, I've bought calls on the VIX and sold puts on SVXY, all profitably. The problem with the VIX calls is that they're European exercise, so I ended up selling them for less than I could have because there was still a few weeks of time value left in them. The issue with VXX puts are that when the VIX is high, the futures flip from contango to backwardization, which basically means that until the VIX gets below, say 22, there will be a built in upward bias to the VXX (kind of like the VXX is short something that has time decay.) So it's harder to make money there than you might think. Also, the return of the VIX to sub-20 will likely be slower than you think. Recently, I've been limiting my options bets to 1-2 week options on SPY. They've also all been profitable, but I think my overall strategy would be unprofitable, since I've been flipping them for small profits before I get massive wins (and one 100% loss would wipe out all my wins.) Still, if I believed the virus were to be proven no big deal in 3 weeks, I'd buy at the money calls about 3 weeks out. (Because with implied volatility skew, the price you pay right now for 3 weeks isn't that much more than the price you pay for 1 week.) Link to comment Share on other sites More sharing options...
sleepydragon Posted March 13, 2020 Share Posted March 13, 2020 Web has said: it’s hard enough to guess which direction the stock goes. If you are more right than wrong on the direction you can make a lot of money. You don’t have to know when too. And “when” is way harder. Link to comment Share on other sites More sharing options...
orthopa Posted March 13, 2020 Share Posted March 13, 2020 Over the last couple of months, I've bought calls on the VIX and sold puts on SVXY, all profitably. The problem with the VIX calls is that they're European exercise, so I ended up selling them for less than I could have because there was still a few weeks of time value left in them. The issue with VXX puts are that when the VIX is high, the futures flip from contango to backwardization, which basically means that until the VIX gets below, say 22, there will be a built in upward bias to the VXX (kind of like the VXX is short something that has time decay.) So it's harder to make money there than you might think. Also, the return of the VIX to sub-20 will likely be slower than you think. Recently, I've been limiting my options bets to 1-2 week options on SPY. They've also all been profitable, but I think my overall strategy would be unprofitable, since I've been flipping them for small profits before I get massive wins (and one 100% loss would wipe out all my wins.) Still, if I believed the virus were to be proven no big deal in 3 weeks, I'd buy at the money calls about 3 weeks out. (Because with implied volatility skew, the price you pay right now for 3 weeks isn't that much more than the price you pay for 1 week.) Great explanation thanks! Link to comment Share on other sites More sharing options...
CorpRaider Posted March 13, 2020 Share Posted March 13, 2020 BOMN Link to comment Share on other sites More sharing options...
ASTA Posted March 13, 2020 Share Posted March 13, 2020 Bk, wfc, schw, bkng, usb, bac and brk.b small portions Link to comment Share on other sites More sharing options...
Spekulatius Posted March 13, 2020 Share Posted March 13, 2020 GOOGL and TRV Link to comment Share on other sites More sharing options...
Castanza Posted March 13, 2020 Share Posted March 13, 2020 GOOGL and TRV Couldn’t resist and picked up some TRV also. Patients is difficult... Link to comment Share on other sites More sharing options...
DocSnowball Posted March 13, 2020 Share Posted March 13, 2020 VOO, VOO, and VOO all day long Link to comment Share on other sites More sharing options...
Gregmal Posted March 14, 2020 Share Posted March 14, 2020 Not I today, but had some family up and after some general market small talk helped my 22 year old brother make his first ever stock purchases. 1 share of GOOG and 5 shares MSG. Link to comment Share on other sites More sharing options...
jgyetzer Posted March 14, 2020 Share Posted March 14, 2020 IAC, TIGO Link to comment Share on other sites More sharing options...
LightWhale Posted March 15, 2020 Share Posted March 15, 2020 Ericopoly, this is an extinction level event. "Extinction" of what? Common sense. Thanks. made my day. Link to comment Share on other sites More sharing options...
ERICOPOLY Posted March 16, 2020 Share Posted March 16, 2020 WFC at-the-money calls (slightly out of, actually) Link to comment Share on other sites More sharing options...
Castanza Posted March 16, 2020 Share Posted March 16, 2020 BRKb at 174 Link to comment Share on other sites More sharing options...
Agrippa07 Posted March 16, 2020 Share Posted March 16, 2020 New small positions: ASML, CFR Richemont. Added to GLD and BP. Link to comment Share on other sites More sharing options...
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