OracleofCarolina Posted October 16, 2014 Share Posted October 16, 2014 Nothing..just sitting tight Link to comment Share on other sites More sharing options...
KCLarkin Posted October 16, 2014 Share Posted October 16, 2014 IBM Link to comment Share on other sites More sharing options...
randomep Posted October 16, 2014 Share Posted October 16, 2014 If the buying and selling threads are accurate guage of the sentiment in this forum, people here in this forum feel like today is just a dip and a buying opportunity. Link to comment Share on other sites More sharing options...
KCLarkin Posted October 16, 2014 Share Posted October 16, 2014 If the buying and selling threads are accurate guage of the sentiment in this forum, people here in this forum feel like today is just a dip and a buying opportunity. Long term, it is a dip and a buying opportunity. Whenever you see forced selling you can assume there will be some opportunities. In the short term, the buying activity on this forum suggests there is still room to drop further. Link to comment Share on other sites More sharing options...
randomep Posted October 16, 2014 Share Posted October 16, 2014 If the buying and selling threads are accurate guage of the sentiment in this forum, people here in this forum feel like today is just a dip and a buying opportunity. Long term, it is a dip and a buying opportunity. Whenever you see forced selling you can assume there will be some opportunities. In the short term, the buying activity on this forum suggests there is still room to drop further. Can you explain your latter sentence? Link to comment Share on other sites More sharing options...
ericd1 Posted October 16, 2014 Share Posted October 16, 2014 BAC & GE leaps Link to comment Share on other sites More sharing options...
meiroy Posted October 16, 2014 Share Posted October 16, 2014 If the buying and selling threads are accurate guage of the sentiment in this forum, people here in this forum feel like today is just a dip and a buying opportunity. Long term, it is a dip and a buying opportunity. Whenever you see forced selling you can assume there will be some opportunities. In the short term, the buying activity on this forum suggests there is still room to drop further. Can you explain your latter sentence? Definitely does not look like a bottom. Bought some but still at almost half cash (thanks to some wise men here for the timing lessons) Link to comment Share on other sites More sharing options...
meiroy Posted October 16, 2014 Share Posted October 16, 2014 Goldman just crushed estimates and it's down like 2.5% pre-market. This really doesn't look like some small temporary dip. It's something else this time. Link to comment Share on other sites More sharing options...
merkhet Posted October 16, 2014 Share Posted October 16, 2014 Goldman just crushed estimates and it's down like 2.5% pre-market. This really doesn't look like some small temporary dip. It's something else this time. How can you tell the difference? Link to comment Share on other sites More sharing options...
Picasso Posted October 16, 2014 Share Posted October 16, 2014 It's not hard to tell when the market is no longer in dip mode. HPQ and EBAY both announced spin-offs, but the stocks are well below the announcement prices. Stocks beating earnings do not matter. Big buyback announcement do not matter. This is just another big unwind of too much leverage in equities. It will finish when people throw in the towel and realize if they were wrong about interest rates, they're probably wrong about stocks too. Link to comment Share on other sites More sharing options...
DCG Posted October 16, 2014 Share Posted October 16, 2014 There was a very long time without a correction. Everyone was waiting for some reason to drive a correction. I have no idea what the market will do in the near term, but European concerns seem overblown. Is Europe really all that different than it was 2 weeks ago when the market was rallying? Link to comment Share on other sites More sharing options...
Picasso Posted October 16, 2014 Share Posted October 16, 2014 I think it is more likely that Europe always sucked and the bond market reflected it. 30-year bunds are down under 1.8% and equities shrugged it off as if it didn't matter. You don't have 2% 30-year bonds when there is a lot of growth and any worry can cause that tiny growth to disappear. So if anything I think the big push into European equities to benefit from potential QE was misguided. Actually, I had a post pretty much near the top of the market on this: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/naked-puts/msg189834/#msg189834 Options skew and bonds were telling a totally different story than stocks. But there have been so many false signals in the past couple years that no one really cared. It will be interesting to see how this shakes out. We are value investors after all, so this should be extremely beneficial. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted October 16, 2014 Share Posted October 16, 2014 If the buying and selling threads are accurate guage of the sentiment in this forum, people here in this forum feel like today is just a dip and a buying opportunity. Many people on this board have been accumulating cash for awhile now. Even after my two most recent purchases, I'm left with 25% cash. The two stocks I bought were down 30-60% and looked like steals even if I am concerned about general markets going down. Still plenty of ability to average down if my fears are realized. I don't think you can gauge sentiment by the buying and selling activity here. Most members seem to ignore the macro simply buy deals they like regardless. Maybe the sizing of the buys and sells changes - i know mine do- but few people here try to call tops and bottoms Link to comment Share on other sites More sharing options...
KCLarkin Posted October 16, 2014 Share Posted October 16, 2014 If the buying and selling threads are accurate guage of the sentiment in this forum, people here in this forum feel like today is just a dip and a buying opportunity. Long term, it is a dip and a buying opportunity. Whenever you see forced selling you can assume there will be some opportunities. In the short term, the buying activity on this forum suggests there is still room to drop further. Can you explain your latter sentence? As more bargains become available, the "buy-the-dippers" will put cash to work. This temporarily slows the bottoming process. When the buying is exhausted, the bottom will be formed. My instinct says we haven't seen the bottom yet. I don't try to time the market though. IBM hit my target price, so I bought. Link to comment Share on other sites More sharing options...
Ross812 Posted October 16, 2014 Share Posted October 16, 2014 I just realized how much Priceline was down. I've looked into it in the passed but thought a good GARP price was 25x TTM. I'm looking back through their reports now. Link to comment Share on other sites More sharing options...
KCLarkin Posted October 16, 2014 Share Posted October 16, 2014 I don't think you can gauge sentiment by the buying and selling activity here. Most members seem to ignore the macro simply buy deals they like regardless. Maybe the sizing of the buys and sells changes - i know mine do- but few people here try to call tops and bottoms Of course. Nobody can call a top or bottom. Markets are too complex. Link to comment Share on other sites More sharing options...
LowIQinvestor Posted October 16, 2014 Author Share Posted October 16, 2014 IBM is a great call here. 10 PE and you know they are buying back shares hand over fist at these prices. I think DTV merger arb is very attractive today! Link to comment Share on other sites More sharing options...
Junto Posted October 16, 2014 Share Posted October 16, 2014 I have been buying and now its my 2nd largest position TAXI. Very strong buy at these levels IMO. Top positions (BAC, TAXI, AAPL, C, AIG) Link to comment Share on other sites More sharing options...
BRK7 Posted October 16, 2014 Share Posted October 16, 2014 Interesting idea, Lance. I suspect you bought due to discount to NAV which is presumably related to Gross' departure (even though Gross was not the manager of this fund). But, aside from the discount, how do you feel about the prospects for the fund itself and future NAV growth? As I understand it, the current PDI holdings are basically a leveraged portfolio of non-agency (low credit quality) mortgages. I note that Gross himself was buying as recently as Aug 21 @ $32.76. Thanks. PDI - PIMCO Dynamic Income Fund. Thanks, Lance Link to comment Share on other sites More sharing options...
PatientCheetah Posted October 16, 2014 Share Posted October 16, 2014 CBI AIG warrant Link to comment Share on other sites More sharing options...
randomep Posted October 16, 2014 Share Posted October 16, 2014 If the buying and selling threads are accurate guage of the sentiment in this forum, people here in this forum feel like today is just a dip and a buying opportunity. Many people on this board have been accumulating cash for awhile now. Even after my two most recent purchases, I'm left with 25% cash. The two stocks I bought were down 30-60% and looked like steals even if I am concerned about general markets going down. Still plenty of ability to average down if my fears are realized. I don't think you can gauge sentiment by the buying and selling activity here. Most members seem to ignore the macro simply buy deals they like regardless. Maybe the sizing of the buys and sells changes - i know mine do- but few people here try to call tops and bottoms Well, I meant and I think you can guage by comparing this thread with the "what are you selling today" thread. There is nothing there! Link to comment Share on other sites More sharing options...
randomep Posted October 16, 2014 Share Posted October 16, 2014 If the buying and selling threads are accurate guage of the sentiment in this forum, people here in this forum feel like today is just a dip and a buying opportunity. Long term, it is a dip and a buying opportunity. Whenever you see forced selling you can assume there will be some opportunities. In the short term, the buying activity on this forum suggests there is still room to drop further. Can you explain your latter sentence? As more bargains become available, the "buy-the-dippers" will put cash to work. This temporarily slows the bottoming process. When the buying is exhausted, the bottom will be formed. My instinct says we haven't seen the bottom yet. I don't try to time the market though. IBM hit my target price, so I bought. I think your statement applies if we have capitulation. Maybe it was true in 2009 march, but on any random dip, the actions of this thread is not the cause of the market level. Link to comment Share on other sites More sharing options...
tombgrt Posted October 16, 2014 Share Posted October 16, 2014 Nothing today, hoping the US markets go a little further than a lousy 10% decline! Link to comment Share on other sites More sharing options...
Rainforesthiker Posted October 16, 2014 Share Posted October 16, 2014 Been steadily buying GM-B warrants over the past week bought some EZPW in the last few days (EZ Corp) bought some Mastercard and Visa Link to comment Share on other sites More sharing options...
Liberty Posted October 16, 2014 Share Posted October 16, 2014 bought some Mastercard and Visa Hi. If I can ask, how do you think about valuation, especially for MA? Link to comment Share on other sites More sharing options...
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