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06-05-2024, 08:42 PM
#19841
Originally Posted by winner69
High near start of day was 58 …close 55 but a reasonable sized trade at 55.5 after close
Seems retail buying early and pros later in day still holding true
might be 52.5 tomorrow though
signs of deep value you know
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06-05-2024, 08:48 PM
#19842
Originally Posted by nztx
might be 52.5 tomorrow though
signs of deep value you know
Might be, or even lower, who knows. Question is though, whether you recognise deep value, and know how and when to act on it!
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06-05-2024, 08:54 PM
#19843
Originally Posted by Baa_Baa
Might be, or even lower, who knows. Question is though, whether you recognise deep value, and know how and when to act on it!
So very very true there with those words ..
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07-05-2024, 06:35 AM
#19844
Originally Posted by nztx
might be 52.5 tomorrow though
signs of deep value you know
according to buffetts latest annual meeting there is no value play's apparent other than japan. so no OCA does not meet buffets criteria
one step ahead of the herd
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07-05-2024, 07:27 AM
#19845
On behalf of OCA I would like to thank THL for its diversionary work yesterday. Well done.
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07-05-2024, 11:48 AM
#19846
Originally Posted by Baa_Baa
Might be, or even lower, who knows. Question is though, whether you recognise deep value, and know how and when to act on it!
Underlining when .....are you saying now is not the when?
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07-05-2024, 11:57 AM
#19847
When to act on it is whenever it presents a better forward return than any of your other current investments.
For example I sold a small amount of OCA at 79c a little while back for STLA at $19 a share.
Then recently again I sold STLA at $24 to buy more OCA at 58c.
Churning is great
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07-05-2024, 12:24 PM
#19848
Originally Posted by ValueNZ
When to act on it is whenever it presents a better forward return than any of your other current investments.
For example I sold a small amount of OCA at 79c a little while back for STLA at $19 a share.
Then recently again I sold STLA at $24 to buy more OCA at 58c.
Churning is great
Good trading ValueNZ. 😉
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07-05-2024, 12:32 PM
#19849
Originally Posted by Daytr
Good trading ValueNZ.
We can get into the semantics of what trading is, but what I did is simply allocating capital in my portfolio towards the best investments. As the price of a stock changes, so does the forward return.
Buffett explains it here:
"It is extremely improbable that 20 stocks selected from say, 3000 choices are going to prove to be the optimum portfolio both now and a year from now at the entirely different prices (both for the selections and the alternatives prevailing at a later date. If our objective is to produce the maximum after-tax compound rate, we simply have to own the most attractive securities obtainable at current prices. And, with 3,000 rather rapidly shifting variables, this must mean change (hopefully “tax-generating” change)."
Berkshire doesn't churn their portfolio very much anymore, because they are too large, but Buffett in the partnership days would churn his portfolio a lot (and I'm sure even more so prior to the partnership days).
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07-05-2024, 12:48 PM
#19850
Originally Posted by ValueNZ
We can get into the semantics of what trading is, but what I did is simply allocating capital in my portfolio towards the best investments. As the price of a stock changes, so does the forward return.
Buffett explains it here:
"It is extremely improbable that 20 stocks selected from say, 3000 choices are going to prove to be the optimum portfolio both now and a year from now at the entirely different prices (both for the selections and the alternatives prevailing at a later date. If our objective is to produce the maximum after-tax compound rate, we simply have to own the most attractive securities obtainable at current prices. And, with 3,000 rather rapidly shifting variables, this must mean change (hopefully “tax-generating” change)."
Berkshire doesn't churn their portfolio very much anymore, because they are too large, but Buffett in the partnership days would churn his portfolio a lot (and I'm sure even more so prior to the partnership days).
It was a tongue in cheek comment.
Either way churn or whatever you want to call it is better than doubling or tripling down etc.
I have seen so many people lose their shirt and get fixated on a stock because they lose perspective and have the mentality of one day it will come good or it owes me etc.
I haven't really seen anything from OCA management that proves to me they are capable of turning this ship around. New CEO so perhaps that will change things.
Otherwise OCA is at the whims of the property market & the economy, I.e. the macro.
All the best.
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