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[FOXX] Fox Studio Fund week 7 report.
Price History Chart (courtesy KaiGee)
Looks like I might as well have gone fishing after all! Apart from the delist of MARTN (and the success of the same movie's blockbuster warrant) the Fox Fund has been all but in hibernation. As I’ve said before, that’s the problem with drawing the short straw and having to manage such a rubbish portfolio. That’s not to say that there aren’t a lot of talented people aligned with the studio it’s just that there isn’t likely to be much in the way of viable (read profitable) output between now and the fund delisting next September. So we’ll just have to make our money nickel and diming. Which brings up a point that others have made previously: how is it that some movie funds get to invest in starBonds but us studio fund managers can’t buy the attached bonds of stars that are in their movies? Even if it meant you could only buy those StarBonds for the 4 week release window it would level the playing field a little bit compared to some of these funds whose remit seems so vague that they have almost unlimited options where to invest.
So excuse the rant, which is basically just a preamble to admitting that I failed to meet our $3 per share weekly increase for the first time since IPO. The actual return for this week currently stands at $2.27 but this is still sufficient to maintain our average target: $21 per share in the 7 weeks since IPO, which is 6 months ahead of the schedule set by the fund last year.
So, back to snoresville for the rest of the week with the only likely activity being watching the daily shenanigans of the cheats who buy/short 700,000 shares of previously inactive Fox stock in a blatant attempt to manipulate the share price right after reset. You know who you are and, more importantly, so do the powers that be. I forward details of all suspicious activity on a daily basis, so be warned!
Happy hunting,
hyper
Tag(s): FOXX
