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What are you buying today?


LowIQinvestor

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Looks like a lot of people here are buying today albeit no significant drops across the market... are you guys having a change in your thoughts on the general market?

 

I think "the market" is overpriced but that doesn't mean everything is.  Everything oil related is dirt cheap right now and some stuff that I consider pretty safe (KMI, PSX, PBF) I have added to in recent days.  Oil and product tankers are super cheap too now but if I kept buying my position would take me past my "good night's sleep" point. I'm trying to walk out of the burning building with the most valuable stuff that I can carry before the whole thing comes down.

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SAP.TO, BCE.TO, SU.TO

 

I know you brought up SAP.TO (Saputo) and it looks interesting, as it is currently valued at a discount to its longer term metrics (EV/EBITDA, EV/ SALES). Looks like a GAARP stock which are hard to find nowadays.

 

Is there any catalyst you can see near term? Looks like the shares have been hit hard by COVID-19 although the business seems to chug along quite well.

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XONE

 

Borrowed from Catherine Wood (ARK owns 20%)

 

It might work out, but looking at financials, they haven't grown for last 5 years pretty much. Unless you know the area well, the counterargument is that it's not attractive for growth/momo crowd and the valuation differential will persist.

 

(Growth/momo crowd is not completely stupid. They don't necessarily invest in companies that don't grow.)

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November IWM and QQQ puts

 

It was the only thing I had on my list of things to do today. Sadly a day late. Congrats on the timing.

 

Thanks. Sold most of these today and rolled a portion down the chain, same November expiration.

 

Also added to AAPL puts.

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November IWM and QQQ puts

 

It was the only thing I had on my list of things to do today. Sadly a day late. Congrats on the timing.

 

Thanks. Sold most of these today and rolled a portion down the chain, same November expiration.

 

Also added to AAPL puts.

 

Sold the AAPL puts and rolled a portion into closer dated Sept 25s, lightened up on the index puts as well.

 

Bought some BIDU

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