Investing General Discussion

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Sanrith Descartes

Sanrith Descartes

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Lambourne

Lambourne

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I bought the dip in August but it keeps on dipping. Bought more today since it hit a 2 year low. I am either very smart or very dumb.

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C

Creslin

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Lambourne said:
I bought the dip in August but it keeps on dipping. Bought more today since it hit a 2 year low. I am either very smart or very dumb.

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The PE definitely looks like value but man the earnings decline looks like catching a falling knife. I hate car companies though, even TSLA. Shit industry with loads of foreign subsidized competition risks and massive capital costs. Almost as bad as airlines.
 
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Sanrith Descartes

Sanrith Descartes

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Creslin said:
I hate car companies though, even TSLA. Shit industry with loads of foreign subsidized competition risks and massive capital costs. Almost as bad as airlines.
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As a former owner of GM and F (and current owner of TSLA), I second this. Low margin businesses suck balls.
 
Sanrith Descartes

Sanrith Descartes

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Dumped out of OXY. Its right under the 50-DMA resistance and if this Israel hitting Iran's oil infrastructure doesn't happen I could see the last 4 days of gains evaporate. I cut out just about at breakeven. A failed experiment.
 
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Jysin

Jysin

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Sanrith Descartes said:
Dumped out of OXY. Its right under the 50-DMA resistance and if this Israel hitting Iran's oil infrastructure doesn't happen I could see the last 4 days of gains evaporate. I cut out just about at breakeven. A failed experiment.
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Disappointed Buffett
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Sanrith Descartes

Sanrith Descartes

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Blazin said:
I'm rooting for it to sell for value of 100 years of current sales. Not too far away now.
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But the dollar has depreciated so much in the last 4 years that it translates to a PE of 9 in 2024 dollars.

edit: wrote the Dec $50 strike calls on my shares for $1.10 premium
 
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Sanrith Descartes

Sanrith Descartes

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Someone (maybe someones) grabbed about 1500 contracts on ALB this morning at the $110 strike in Dec. Earnings is in Nov. That is a $975,000 bet on a slow moving, not exciting stock looking for a 10% move upwards when it has been tanking hard for about 3 months. I think someone knows what their earnings report is gonna look like.

edit: looking deeper, its a bull call spread. Same expiry, different strikes. They sell one call and buy the other.

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Tmac

Tmac

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Sanrith Descartes said:
Someone (maybe someones) grabbed about 1500 contracts on ALB this morning at the $110 strike in Dec. Earnings is in Nov. That is a $975,000 bet on a slow moving, not exciting stock looking for a 10% move upwards when it has been tanking hard for about 3 months. I think someone knows what their earnings report is gonna look like.

edit: looking deeper, its a bull call spread. Same expiry, different strikes. They sell one call and buy the other.

View attachment 550409

View attachment 550410
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Time to double down?
 
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