HSX Forums: Playing & Trading Strategy Board






[FOXX] Fox Studio Fund week 11 report.

Posted by: hyper (a.k.a FOXXFund) on Nov 29, 03:21

Price History Chart (courtesy KaiGee)

As usual we start with the numbers: The fund was up 12% on the week and around 44% for the month so far with an increase in port size since  IPO of more than 370%. The weekly increase in our earnings per share of $4.89 was comfortably ahead of our $3.00 per week target.


Unlike those funds whose investment criteria are broad enough to invest in just about anything (the ones that have cleaned up on the recent failures of ‘The Hunger Games: Mockingjay’ and ‘The Good Dinosaur’), including the StarBond cash cow,  our fund is restricted to investing in a very narrow range of movie projects and their derivatives. In the circumstances we can be very proud of our consistent performance.


This past week’s activity has primarily revolved around a couple of breakout stocks, ‘Taking Flight aka Barefoot Bandit’ (BRFTB) which benefitted to the upside after Fox made a significant restitution payment in lieu of movie rights, advancing the Robert Zemeckis project significantly. The other breakout was to the downside after Fox announced the removal of ‘Fantastic Four 2’ (FANF2) from the schedules. There is now a strong likelihood that this particular iteration will not be proceeded with, I hesitate to use the ‘C’ word at this juncture but suffice to say we will continue to exploit the uncertainty. ‘Brooklyn’ (BKLYN) continues to garner stellar reviews and our ‘long’ position paid off significantly as it expanded wide into the Thanksgiving weekend. We did flip briefly after irrational exuberance took the stock above our target range but I fully intend to get back in again after the adjust. ‘Victor Frankenstein’ (FRNKS), the other stock that we had opening wide, has been a significant earner for us. As I indicated in last week’s report we would be shorting this abomination and we have continued to hold it into the adjust. We will also benefit into next week having shorted the derivatives. Two other ‘shorts’ worthy of mention are ‘Alvin and the Chipmunks: The Road Chip’ (ALVN4), which failed to receive a bump after a lamentable trailer and probably has further downward momentum before it opens on Dec 18th and ‘Shadows’ (MSHDW),which will likely drift lower in the absence of any further developments.


This coming week sees the limited release of ‘Youth’ (LGIOV) in limited release. This will be a watching brief as, despite its star-studded cast, I don’t see it having a lot of traction. As ever we’ll be watching the news and acting accordingly and day trading effectively.


Happy hunting,

 

hyper



Tag(s): FOXX





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Maisie Williams (MAWIL) 20000 3.97 (+1.19)         Meryl Streep (MSTRE) 20000 43.04 (-0.53)         American Woman aka The Burning W (BURNW) 15000 1.18 (-0.03)         The Aeronauts (AERON) 100000 9.28 (+1.58)         Colin Firth (CFIRT) 20000 70.36 (-1.15)         Pedro Pascal (PPASC) 20000 77.05 (-1.24)         American Woman aka The Burning W (BURNW) 15000 1.18 (-0.03)         Big Brother (BGBRO) 100000 2.00 (0.00)         Untitled James Gunn Horror Movie (UJGHM) 100000 20.54 (+0.10)         Julie Walters (JWALT) 20000 51.29 (-0.66)         Felicity Jones (FJONE) 20000 53.09 (0.00)         Pierce Brosnan (PBROS) 20000 37.12 (-1.11)         Emma Roberts (EROBE) 20000 9.12 (+1.27)         Bayou Caviar aka Louisiana Cavia (LACVR) 4800 1.37 (-0.06)         Zachary Quinto (ZQUIN) 20000 43.59 (+1.68)         Stoner (STONR) 100000 3.47 (-0.18)         Stellan Skarsgard (SSKAR) 20000 22.75 (+1.27)         Killroy was Here aka Comes the K (KRAMP) 100000 0.82 (+0.25)         Toff Guys (TOFFG) 100000 15.00 (0.00)         The Aeronauts (AERON) 100000 9.28 (+1.58)         The Croods 2 (CROD2) 2628 73.15 (0.00)         The Aeronauts (AERON) 100000 9.28 (+1.58)         James McAvoy (JMCAV) 20000 91.48 (+0.18)         James McAvoy (JMCAV) 20000 91.48 (+0.18)         Once Upon a Time in Hollywood ak (MFMLY) 100000 118.49 (+0.12)         The Mountain (THMTN) 100000 4.82 (+0.81)         Killroy was Here aka Comes the K (KRAMP) 100000 0.82 (+0.25)         Men in Black Untitled (MIB4) 100000 141.52 (+0.70)         The Voyage of Doctor Dolittle (DOCDO) 1843 108.49 (-0.12)         Killroy was Here aka Comes the K (KRAMP) 100000 0.82 (+0.25)         Killroy was Here aka Comes the K (KRAMP) 100000 0.82 (+0.25)         A Kid Like Jake (AKLJK) 100000 0.07 (+0.01)         Top Gun 2 (TOPG2) 1973 101.35 (+0.50)         M. Night Shyamalan (MNSHY) 20000 111.53 (+0.28)         Breath (BRATH) 100000 0.05 (-0.02)         Bernstein (BERST) 92000 15.53 (-0.17)         The Yellow Birds (YELOB) 9000 0.01 (-0.02)         Rachel Weisz (RWEIS) 20000 5.28 (+0.08)         Jumanji: The Next Chapter (JUMN2) 100000 232.35 (+0.48)         Toy Story 4 (TOYS4) 726 275.11 (+0.76)         Superintelligence (SNTEL) 100000 39.83 (+0.13)         Green Book (GRNBK) 4000 20.80 (-1.13)         Crazy Rich Asians (CRASN) 1000 73.75 (+2.21)         Nicholas Hoult (NHOUL) 20000 33.98 (0.00)         Toff Guys (TOFFG) 30000 15.00 (0.00)         Trolls World Tour (TROL2) 2102 95.32 (-0.20)         Emma Stone (ESTON) 20000 37.39 (-0.24)         Widows (WIDOW) 100000 34.98 (+1.95)         Judy Greer (JGREE) 20000 69.82 (-0.13)         Big Brother (BGBRO) 100000 2.00 (0.00)