What did you trade today and why?

BDCs approaching extreme lows in this otherwise happy week, especially GSBD (GoldmanSachs ) Seems to be narrowly-but-fully earning its current yield on today's cost of 13% and had about $109m in reserve back in Dec. Technically, an indicator floor might be firming
Bought a block.

Holding significant positions in MSFT HTGC PFN PAXS PGP PHK IAUI and PDI still.
 
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Took some profits from growth. Around 10% of positions in FELC, AIQ, GDE, QQQM.

Sold SCHY in brokerage. Bought GPIX and DIVO.

Sold out of CGDG in retirement account. Looking to trim anything else I don't have a firm conviction in outside of taxable. Lock in these gains.
 
Fermion said:
Just purchased 150 shares of TXN (Texas Instruments) for $195.60 a share. I don't have a solid thesis here but they do make a good profit and pay near 3% dividend. Ok, lets make up a thesis. They have not benefitted yet from the AI boom but perhaps the following robotics boom will use more of their analog chipsets.
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My shares are up to $229 today. This market it seems like throwing a dart and winning (except maybe don't target XOM or NFLX).
 
richardsok said:
BDCs approaching extreme lows in this otherwise happy week, especially GSBD (GoldmanSachs ) Seems to be narrowly-but-fully earning its current yield on today's cost of 13% and had about $109m in reserve back in Dec. Technically, an indicator floor might be firming
Bought a block.

Holding significant positions in MSFT HTGC PFN PAXS PGP PHK IAUI and PDI still.
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Hi. IMO SOME BDCs are no doubt oversold and may have a nice run up as shorts cover and flats invest. However, at this juncture, some are also still expected to reduce distributions --- and with oil APPARENTLY falling considerably, the economy slowing a bit, and FOMC quack still revealing an inclination to ease later in the year, floating rate assets MAY prove to be a poorer choice than (your) bondish/largely fixed rate portfolio holdings.
Regards, Dick
 
Bought a few NFLX calls earlier on the $10 dip. Free cash flow was crazy high and disappointment with a serial under-guider strikes me as silly. But I'd have more stocks if I thought I could outguess the moods that drive their prices.
Regards, Dick
 
dickoncapecod said:
Hi. IMO SOME BDCs are no doubt oversold and may have a nice run up as shorts cover and flats invest. However, at this juncture, some are also still expected to reduce distributions --- and with oil APPARENTLY falling considerably, the economy slowing a bit, and FOMC quack still revealing an inclination to ease later in the year, floating rate assets MAY prove to be a poorer choice than (your) bondish/largely fixed rate portfolio holdings.
Regards, Dick
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Points noted, Dick -- and thanks. I certainly can't disagree -- but I'm already up to my gizzard in bond CEFs, ETFs and what not. Thought a bit of cash moved into a tightly-watched GSBD position might be worth a stab. I'll watch my charts and we'll see.
 
Started my bull spreads on QQQ today. 4 contract a week.
.35 delta put sell, and 5 dollars under put buy. This is 510$ credit and 1400$ risk. 45 DTE . Just doing it with 5k capital in a tasty trade account. Going to run this for a while to get used to their software and see how I like it.
 
Locked in more gains. 15% cash position. If markets keep going up I have 85% of portfolio well positioned to take advantage. If we get some volitility I have money to buy at a discount.

I've seen this story before. For myself, be greedy but not TOO greedy.
 
dobig said:
I've seen this story before. For myself, be greedy but not TOO greedy.
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My only real greed so far was to buy that GIS (General Mills) for the 7% dividend but it hasn't worked out extremely well yet. I am about even on it but I guess will get the $0.61 deposited May 1.
 
Bought a bunch of cheap OBDC calls. If it's good enough for PIMCO....and there are miles above to retrace IF IF IF it gets moving.
FWIW, Dick
 
Started a small position in MKC - a solid value dividend stock with an ex-dividend date of 4/20
 
+ BGH at Thursday opening. I owned this CEF before the Ticker and name change. When I seen Mr. Cod taking it on prior to x-D, I'll revisit. I also like the monthly dividend and bond environment for foreign issues.
 
I sold my last lot of QLENX yesterday. I am now completely out of it. I don’t feel too bad. I made over $156,000 in it in less than 20 months. I may come back to it again, but 100+ days of sub par performance, down 3.89% YTD, just made me wonder if they were positioned wrong for the current markets.
 
Swapped out 1/2 my position in VHCAX (Primecap Cap. Opp.) over to VPCCX (Primecap Core). Core has outperformed in 1,3,and 5 yrs but wanted to leave a foothold in VHCAX which is closed to new investors.
 
What is going on with BRK.B? I bought late last year as a core, stable holding and it has performed poorly so far YTD. First, when the market swooned earlier in the year, BRK.B dropped with everything else. Then when the market was on fire these last two weeks, BRK.B went nowhere. I am currently down 4% and thinking of booking the loss and finding something else.
 
surprising said:
What is going on with BRK.B? I bought late last year as a core, stable holding and it has performed poorly so far YTD. First, when the market swooned earlier in the year, BRK.B dropped with everything else. Then when the market was on fire these last two weeks, BRK.B went nowhere. I am currently down 4% and thinking of booking the loss and finding something else.
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Same. I pulled the plug on it late yesterday afternoon. It rallied big in the morning before giving most of it up. In my case it's gotta return at least $1600 a year on average or I'm better off in a MMF.
Which of course means next week BRKB will declare a massive dividend to disperse the cash it can't find a use for outside of USTs.
 
surprising said:
What is going on with BRK.B? I bought late last year as a core, stable holding and it has performed poorly so far YTD. First, when the market swooned earlier in the year, BRK.B dropped with everything else. Then when the market was on fire these last two weeks, BRK.B went nowhere. I am currently down 4% and thinking of booking the loss and finding something else.
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BRK.B is just a typical insurance company with a large stock portfolio and (at least last year) slightly more fixed income. Buffett traded the usually concentrated stock positions well, but when you strip aside the folksy self-depricative humor and the media-driven hype, it has just been a well-performing insurance company with a well performing balanced fund. Now there are new investment managers --- who might be better or worse. The spotlight has turned to different industries and CEO stars.
Regards, Dick
 
Warren Buffet was always a buy an hold investor. Performance over the past few months doesn't matter. I'm adding BRK-B to my watch list - it looks cheap.
 
Al18 said:
Warren Buffet was always a buy an hold investor. Performance over the past few months doesn't matter. I'm adding BRK-B to my watch list - it looks cheap.
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I understand.
But I was underwater for all adds going back over a year, not just a few months. There was a brief blip during a stock buyback by the new CEO, but it faded just as fast. Seems like they are waiting for the next GFC to invest their cash, but maybe they have to when they are that big... in which case their size is more of a liability than a benefit.
 
BRK/B got me thinking after the recent post here. I bought back into it (January) after a six year hiatus. I am down 2.65%. My reason for purchase is the mountain of cash ready for the elephant purchase. I figure the pros know the books way better than I will ever. So far it's a contrarian play. Earnings will be reported on May 1st. If there's no negative surprises I will hold for the year or so.
 
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