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Posted

Well it will be interesting to see whee PLTR ends the week.  Closed at nearly $124 before earnings, now bouncing below $114.  My covered calls exercise at $108 and $115 Friday.  And I would like to keep those shares committed at $115 to sell calls again on again, but if they disappear I won't cry.  Sort of interesting that PLTR and NVDA now have nearly identical share pricesi

So any of you guys trimming your SPY positions after that nice run up?  Or or you staying pat long?  I am thinking of taking a little bite shorting for June, the longest upward run (that I did not fundamentally understand) in US history.  Or that was yesterdays plan before my day went to shit.  

Posted
4 minutes ago, horn4life said:

Well it will be interesting to see whee PLTR ends the week.  Closed at nearly $124 before earnings, now bouncing below $114.  My covered calls exercise at $108 and $115 Friday.  And I would like to keep those shares committed at $115 to sell calls again on again, but if they disappear I won't cry.  Sort of interesting that PLTR and NVDA now have nearly identical share pricesi

So any of you guys trimming your SPY positions after that nice run up?  Or or you staying pat long?  I am thinking of taking a little bite shorting for June, the longest upward run (that I did not fundamentally understand) in US history.  Or that was yesterdays plan before my day went to shit.  

I sold a little SPY Friday.  About 5%.  Just went to cash with it for the time being. 

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Posted
7 minutes ago, Wally Fairway said:

You just want me to say, so you can take the other side. Amirite?

Yesterday I would have been smarter. But any sort of record move in anything, sort of says you should trim a bit, yes?  

 

And a few folks are starting to pull guidance...

 

Posted

Bought some BRK-B at the end of the day yesterday since it had dipped like 4% with Buffett's retirement.  That's my first foray back into stocks since the first of March.  I'm now around 60% GLD, 30% SGOV, 10% BRK-B.

 

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Posted
12 minutes ago, CooterBrown said:

Bought some BRK-B at the end of the day yesterday since it had dipped like 4% with Buffett's retirement.  That's my first foray back into stocks since the first of March.  I'm now around 60% GLD, 30% SGOV, 10% BRK-B.

 

Good move (hopefully), but I think it shows that there will be another opportunity when Uncle Warren can't be the Chairman. Because, IMO, him stepping down as CEO is a mere window dressing, as Chairman I think he will still go into the office every day...after stopping at McDonalds for breakfast, so he can read the WSJ, have his breakfast sammy and his first (or second) coke of the day.

Posted
42 minutes ago, Wally Fairway said:

Good move (hopefully), but I think it shows that there will be another opportunity when Uncle Warren can't be the Chairman. Because, IMO, him stepping down as CEO is a mere window dressing, as Chairman I think he will still go into the office every day...after stopping at McDonalds for breakfast, so he can read the WSJ, have his breakfast sammy and his first (or second) coke of the day.

On his way home from the office, he can stop for a Dilly Bar at DQ.

Posted
1 hour ago, CooterBrown said:

Bought some BRK-B at the end of the day yesterday since it had dipped like 4% with Buffett's retirement.  That's my first foray back into stocks since the first of March.  I'm now around 60% GLD, 30% SGOV, 10% BRK-B.

 

I just bought a really small amount of OMAH. It's an ETF based on Berkshire that is supposed to have a 15% annual yield.

Posted
3 minutes ago, tomahawk dunk said:

I just bought a really small amount of OMAH. It's an ETF based on Berkshire that is supposed to have a 15% annual yield.

I'll wait and let that ETF build up some history to review.  Being down -4% while Berkshire is up +7% in the same timeframe doesn't make me want to invest early on.

Posted
21 minutes ago, CooterBrown said:

I'll wait and let that ETF build up some history to review.  Being down -4% while Berkshire is up +7% in the same timeframe doesn't make me want to invest early on.

I 100% believe yours was the better purchase, I just couldn't help myself from buying the etf.

Posted
5 hours ago, CooterBrown said:

Bought some BRK-B at the end of the day yesterday since it had dipped like 4% with Buffett's retirement. 

Shouldn’t a 94 year old retiring be priced in? 

Market seems entirely headline driven right now. 

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Posted
29 minutes ago, B00M said:

Shouldn’t a 94 year old retiring be priced in? 

Market seems entirely headline driven right now. 

and I will say it again - he isn't even retiring, he is giving up one of his titles. anyone who thinks he won't be involved is fooling themselves.
then again, this tells me to have funds available when he dies and/or cant sit at a desk anymore reading the financial news.

Posted

I'm into BRK-B also.  I love that pile of cash they're sitting on, just waiting to offer payday loans to companies that need bailouts when shit really hits the fan.  Running back the 2008/9 playbook.

Posted
6 minutes ago, WBT said:

I'm into BRK-B also.  I love that pile of cash they're sitting on, just waiting to offer payday loans to companies that need bailouts when shit really hits the fan.  Running back the 2008/9 playbook.

If what you’re saying is true, BRK-B lost half its value after the GFC and took 5 years to recover. So wouldn’t the time to buy be after the tariff correction has actually occurred? 

Posted
15 minutes ago, WBT said:

I love that pile of cash they're sitting on, just waiting to offer payday loans to companies that need bailouts when shit really hits the fan. 

This. Let Warren (the royal Warren) practice the discipline. I ain't got time for that shit. I got biotech stonks trying to cure cancer to burn my money to the ground. 

Posted
2 hours ago, B00M said:

If what you’re saying is true, BRK-B lost half its value after the GFC and took 5 years to recover. So wouldn’t the time to buy be after the tariff correction has actually occurred? 

Quite possible.  Wouldn't be the first time I rode a position down and then rode it back up.

Posted
3 hours ago, Wally Fairway said:

and I will say it again - he isn't even retiring, he is giving up one of his titles. anyone who thinks he won't be involved is fooling themselves.
then again, this tells me to have funds available when he dies and/or cant sit at a desk anymore reading the financial news.

Do you really think he’s going into the office everyday at 94?

Posted
21 minutes ago, burnt beanz said:

Do you really think he’s going into the office everyday at 94?

I think he's been inspired by Belichick, and ole Warren is gonna embark on a pipe laying campaign that would make the executives at OXY blush. 

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Posted
58 minutes ago, burnt beanz said:

Do you really think he’s going into the office everyday at 94?

Yup, he's been doing it for  60+ years. His job consists is reading financial news, reading financial reports, talking to senior executive from Berkshire operating companies, and recently taking an afternoon nap. It isn't like he's working in a mine,  running a press, or out mowing lawns in Houston in the summer. 

 

Posted

Funniest thought that popped into my head yesterday was when I heard that Bessent was being sent away to Switzerland to negotiate a deal after his testimony yesterday.  I thought to myself, maybe China figured why not negotiate with a guy who can barely string his words together?  I was thinking the Chinese might think Bessent has turrets, or is on the autism spectrum after his testimony before congress.  I will say this, Bessent can read. Answer questions in a coherent manner?  Eh.. not so much.

If I were the Chinese, I would think Bessent is exactly who I would want to negotiate with.  A guy who is running on the warning track about to run into a wall, he will locate about the time he hits it.  In other words I would talk to Bessent to take up his time, and let the wall get closer, while we muse endlessly about who actually pays for tariffs... Then Bessent will cry out (for you olds) like Tattoo on Fantasy Island.  But instead of yelling "the plane, the plane!" He will yell out the debt ceiling limit I promised to warn you about? It's happening tomorrow!

Anyhow - good luck to all of you today.

 

 

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Posted
6 minutes ago, Coelenterate Fuccboi said:

 

I've been seeing multiple reports of this from other sources regarding JPM and Goldman's numbers. This could get ugly...

 

image.png.7839cbe5511e3ee9b264a6680f2ba01e.png

Where does retail investor vs professional data come from? 

Posted
12 hours ago, B00M said:

If what you’re saying is true, BRK-B lost half its value after the GFC and took 5 years to recover. So wouldn’t the time to buy be after the tariff correction has actually occurred? 

I don't think timing matters much with this lifetime performance:

image.thumb.png.0e29e84ebe98af751bb0f6d031f4f2ac.png

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