AFF Member Stock Discussion

[cove]

Had a day of selling some hybrid securities to have some funds for an acquisition. Hasn’t proven to be too difficult so far.
We think hybrids are a good store of cash where you get the funds back in 2 days versus a bank term deposit. We will miss the bank hybrids when they are gone in 2032.

 

[tgh]

Sorry I have been out of the loop.. any intel on WAM ipo ?

 

[cove]

We did the WAM Founders but did not look at the other new WAM fund.

 

[Mr_Orange]

The word "yo-yo" springs to mind with market activity at the moment!

 

[tgh]

Any IPO in the current market has to be very speculative IMO..
Iirc Founders was a little too spec for my comfort zone...
Otoh.. all that hybrid cash has to go somewhere.. lets hope smoke does not present with excess prominence in the outcome

 

[prozac]

The word "yo-yo" springs to mind with market activity at the moment!

The Dow has seen alot of down days lately. I am cautious. Not selling, but not really buying.

 

[Quickstatus]

hybrid securities

Tier capital hybrid?
Is liquidity ever a problem?
Discretionary interest?

 

[cove]

You shouldn’t buy more than say 50,000 of the most popular hybrids to avoid difficulty in selling them inside a week.

 

[lakeman]

You shouldn’t buy more than say 50,000 of the most popular hybrids to avoid difficulty in selling them inside a week.

5 million limit !
No worries

 

[cove]

Yes work with hybrids that have say an average sales of 10,000 a day then assume you can sell 50% of them per day. 10 trading days would get you out.