Thanks, Global, for the ticker. I haven't following. So hard to stay interested with no skin in the game. Yet, I am very intersted. If that makes sense.
To be clear, I don't like Tesla, KP. I'm short on Tesla. I mean, I do like the company but not the valuation. I expect it to drop below $100 within the year. By January next year. If not by then, I'll roll the puts over to the next year. My brother has about 10 shares or 20 as well, not sure. I think he said he'll sell if it drops to $700. He won't listen. They never do. It's not worth $1 trillion. It's valued at more than all the car comopanies in the world combined. It's valued more than 3 times Berkshire, which is in everything good all over the world. BBY included, an electric vehicle company.
I have stocks that become permanent over time. Like the following:
TOT (Total Energy)
BB (Blackberry - Security company)
CWEN.A (Clearway Energy)
KMI (Kinder Morgan Energy)
WFC (Wells Fargo Bank)
RMCF (Rocky Mountain Chocolate Factory)
BBVA (Banco Balbao Bank)
GE (General Electric)
BAC (Bank of America)
TAST (Burger King's largest franchisee)
ARCO (McDonald's largest international franchisee)
JVA (Coffee Holdings)
KR (Kroger grocery)
BRK.B (Berkshire Hathaway Class B Shares - Buffett's company)
SWRL (Empty shell. Had some filings. Free shares earned here too)
And that's it for my own personal managed portfolio. Solid as a rock value. Boring to most but interesting to me and I love all my companies. Those are all mine at heart and soul. The survivors that become permanence until such time they get off track. But ironically, they have to get off track to get to me in the first place. Except for Berkshire. They just got too cheap one day. The measure against what Tesla fails. That there is my recession-resistant portfolio. Although, the WallstreetBetBoys did find my Blackberry. Those annoying pests. Hyped me up.
But for speculative things, which is my float since I don't have Geico like Buffett, I currently have the following penny stocks and/or shell companies.
NROM (Noble Roman's Pizza)
AVNI (Empty shell formerly occuped by the Chinese lady that can't give birth)
IVFH (Cool internet food company whose shares I hold free now)
LTGJ (Empty shell. Travel company trying to come out, postponed by Covid)
EVCC (Empty shell -- free shares earned. Rumors with valid leads)
FNQQF (Narcissists took on too much to chew on but have some free shares left over)
CIDM (A very interesting movie app company. Free shares earned here as well)
STLY (Very interesting empty shell with lots of cash and interest payments, formerly Stanley Furniture)
When those do well (and some have and are now free) I add their contributions to the mostly dividend-paying permanent residents above. And then rince and repeat with the same or others that come along.
And I believe that's it. At this time, anyway. HLIX used to be in there in the speculative bunch. Maybe again one day. No margin debt at all. A little cash, waiting for the bubble to burst.
I have some hedges: The short on Tesla and SH (inverse S&P Bear fund) for when the bubbles burst.
And I even have some puts in there that were sold. Naked puts for cash for prices that were expensive. Like Gamestock. Somebody can put them to me at $5. They had higih puts there at that strike not long ago. Naked puts on Cinemark and AMC. Before Wallstreetbeboys found AMC, sadly. They can't understand how much trouble AMC is in.
The margin firepower will be used to scoop down on the bargains that will come on that Black Monday when history rhymes. That's what I'm waiting for. And held solid by that foundation of pure solid mass! The fortress, mostly an energy and bank fortress. Too big to fail. Inpenetrtable value. Can bend but can't break. Recession resistant!
And I have some trash scraps in there. Some clutter I need to get rid of. Left over zombies from days gone by. Like remants that never all did get thrown overboard. I need to some closet cleaning one day.
