HSX Forum

Playing & Trading Strategy

[FOXX] Fund Update #7

Posted by: FOXX Fund (a.k.a FOXXFund) on Feb 28, 19:25

Back to the grind this week. I made good progress with many posiitons, and made some minor changes in strategy in the portfolio. Trading-wise, I sold off Gambit on the news this AM. Just shorted some of it, as it appears that it is now in limbo. Price action dictated this more than news to me. I continue to be proactive on positions that appear to be very under or over valued, and reactive to moves that are based on news or reset trading.

Strategy wise, I sold off the penny stocks. They were profitable, but just not worth the time and space in the portfolio. I still have every Fox and Fox Searchlight stock at least radared, so I can keep an eye on them. I was pretty sure EDEGL would not be a long, and it wasn't. I didn't make as much as I should have, but a full position is what it is.

I still believe OSOTD and DMOLT will do poorly as well, although neither have as much margin built into their current prices. XMEN6 is a bigger question. It is currently priced for a $79.25mm opening weekend. Honestly, I have never seen even one of these movies, so I don't know how to handicap it. My current thinking is that DEADP will attract attention to it, so I'll keep it a 1/2 long position until something definite comes out.

The influx of cash from DEADP has done wonders for the portfolio. It allowed me to buy many winning positions long and short that have worked out nicely. The best of these has been XFORC obviously, even though I jumped on it late.

The fund's options all cashout tomorrow, so we'll have over $10mm in cash. I'll do my best to find good places to invest it.

Thanks for everyone's support! I've noticed the shares held long continue to march upward. I hope to keep everyone happy!

Some basic port stats: Now 19 longs, 15 shorts. 28 are profitable, while 6 are not. Biggest % profits are actually on my shorts. $ profits are with longs, though. All of the unprofitable psoitions are LONGS! I am adding to positions slowly, and you'll notice stocks radared with 2 shares I am watching closer to potetially add to the position (or reverse).

Here is the chart from Kaigee.


Tag(s): FOXX





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Buy Max    Sell All    Short Max    Cover All    Radar

Project Hail Mary (PRJHM) 150000 218.16 (+7.98)          The Horror Fund X (SPOOK) 20000 20.87 (+0.25)          The Animal Fund (ZOO) 20000 24.58 (+0.03)          Heart Eyes 2 (HRTE2) 20000 21.45 (+1.45)          Bad Fairies (BFAIR) 150000 40.18 (+0.05)          Rock'em Sock'em Robots (RMSMR) 20000 15.53 (-0.38)          The Weight (THEWT) 50000 6.93 (-0.13)          The Thomas Crown Affair (TTCAF) 150000 37.93 (+0.10)          Remain (REMAN) 150000 63.27 (-0.25)          The Invite (TINVT) 1 14.41 (+0.04)          The Invite (TINVT) 1 14.41 (+0.04)          That Time I Got Reincarnated As (TIGR2) 1 3.13 (-0.09)          Seance on a Wet Afternoon (SOAWA) 1 4.98 (-0.32)          Untitled Event Film Directed by (UEFDD) 1 43.60 (0.00)          That Time I Got Reincarnated As (TIGR2) 1 3.13 (-0.09)          Seance on a Wet Afternoon (SOAWA) 1 4.98 (-0.32)          Zealot (ZELOT) 1 1.65 (+0.02)          The Memory Police (TMEMP) 50000 4.87 (-0.33)          Zealot (ZELOT) 1 1.65 (+0.02)          Varanasi (VARAN) 1 9.79 (-1.57)          Man of Tomorrow (SPMOT) 150000 255.27 (+1.02)          Varanasi (VARAN) 1 9.79 (-1.57)          What Happens At Night (WHANT) 1 40.42 (-0.28)          What Happens At Night (WHANT) 25000 40.42 (-0.28)          Sheep in the Box (SHPBX) 150000 2.00 (0.00)          Broadsword (BROSW) 75000 52.87 (-0.45)          Man of Tomorrow (SPMOT) 100000 255.27 (+1.02)          All of a Sudden (AOASD) 150000 2.00 (0.00)          The End of Oak Street aka Flower (FLWVS) 40000 50.89 (-0.03)          G.I. Joe sequel (GIJO4) 14999 18.56 (-0.04)          All of a Sudden (AOASD) 150000 2.00 (0.00)          Zero A.D. aka Bethlehem (BTLHM) 150000 33.81 (+0.16)          Empire City (EMPCT) 19999 17.78 (-0.04)          Sheep in the Box (SHPBX) 150000 2.00 (0.00)          Bad Bridgets (BRDGT) 1 5.92 (-0.40)          Bad Bridgets (BRDGT) 1 5.92 (-0.40)          The Angry Birds Movie 3 (ANGR3) 1 36.66 (0.00)          Violent Night 2 (VILN2) 150000 24.65 (+0.08)          The Memory Police (TMEMP) 100000 4.87 (-0.33)          The Angry Birds Movie 3 (ANGR3) 1 36.66 (0.00)          Hexed (HEXED) 150000 106.32 (+0.32)          Three Incestuous Sisters (3INCS) 1 14.81 (+1.67)          Three Incestuous Sisters (3INCS) 1 14.81 (+1.67)          Varanasi (VARAN) 30000 9.79 (-1.57)          Ebenezer: A Christmas Carol (EBNZR) 150000 73.40 (-0.86)          The Memory Police (TMEMP) 150000 4.87 (-0.33)          The Death of Robin Hood (TDORH) 150000 26.05 (0.00)          Wild Horse Nine (WILDH) 150000 11.08 (+0.85)          Wild Horse Nine (WILDH) 150000 11.08 (+0.85)          One Spoon of Chocolate (OSOCH) 150000 1.82 (-0.18)