HSX Forum

Playing & Trading Strategy

[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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Benedict Cumberbatch (BCUMB) 25000 108.55 (+1.33)          Atlantis (ATLNT) 150000 19.11 (-0.89)          The First Omen (OMEN1) 150000 24.25 (+0.15)          Atlantis (ATLNT) 106739 19.11 (-0.89)          Immaculate (IMACU) 5 14.01 (+0.08)          Cloverfield 2 (CLOV2) 1 26.71 (+0.76)          With Love (WOLOV) 100 22.10 (+0.98)          Edge of Tomorrow 2 aka Live, Die (EDGT2) 1 18.22 (+0.39)          A Complete Unknown aka Going Ele (GOELC) 149998 17.14 (-0.05)          Monkey Man H10 Call (MNKYM.CA) 25000 3.05 (+0.03)          Robotech (RTECH) 149998 18.00 (+0.07)          Vicious (VICUS) 1 19.67 (+0.69)          Marcia Gay Harden (MGHAR) 25000 43.69 (-0.50)          Ewan McGregor (EMCGR) 25000 92.78 (-0.75)          Weekend in Taipei (WKNTP) 1 14.54 (+0.99)          Melissa Barrera (MBARR) 25000 56.16 (-0.16)          Jesse Plemons (JPLEM) 25000 53.22 (-0.50)          Julianne Nicholson (JUNIC) 25000 7.85 (-0.15)          Willem Dafoe (WDAFO) 25000 26.14 (-0.37)          Lea Seydoux (LSEYD) 25000 48.42 (-0.50)          Florence Pugh (FPUGH) 25000 140.85 (-1.33)          Atlantis (ATLNT) 150000 19.11 (-0.89)          Ariana DeBose (ADEBO) 25000 33.69 (-0.75)          Dave Bautista (DBAUT) 25000 160.22 (-1.50)          Atlantis (ATLNT) 100 19.11 (-0.89)          On Swift Horses (OSWFH) 150000 5.15 (+0.51)          Star Trek 4 (TREK4) 149999 62.76 (+1.77)          A Life of Jesus (ALJES) 100000 18.68 (+0.68)          A Life of Jesus (ALJES) 100000 18.68 (+0.68)          Star Trek 4 (TREK4) 149999 62.76 (+1.77)          Pirates of the Caribbean 6 (PIRT6) 50000 43.51 (+0.86)          Civil War - Opening Weekend (CVLWR.OW) 491 20.31 (+0.31)          Samuel L. Jackson (SLJAC) 473 33.45 (0.00)          Untitled Bee Gees (BEEGE) 500 16.34 (-0.39)          Kinds of Kindness (AND) 100000 17.77 (-0.69)          The Best Christmas Pageant Ever (TBCPE) 2500 25.91 (-0.05)          Harold and the Purple Crayon (HATPC) 100000 34.46 (+0.09)          With Love (WOLOV) 100000 22.10 (+0.98)          Doctor Strange 3 (DRST3) 110 126.39 (0.00)          Star Trek 4 (TREK4) 149999 62.76 (+1.77)          Jumanji sequel (JUMN3) 61078 81.46 (-0.26)          With Love (WOLOV) 150000 22.10 (+0.98)          With Love (WOLOV) 150000 22.10 (+0.98)          Pirates of the Caribbean 6 (PIRT6) 60961 43.51 (+0.86)          Hugh Jackman (HJACK) 24999 20.88 (+0.25)          Will Smith (WSMIT) 15000 95.75 (+0.15)          Animal Friends (ANFRN) 1 52.98 (-0.05)          Martin Lawrence (MLAWR) 25000 70.98 (+0.25)          The Fall Guy (FALGY) 52469 155.43 (-0.22)          Untitled Bee Gees (BEEGE) 150000 16.34 (-0.39)