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[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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Widows (WIDOW) 100000 37.95 (-1.14)         CBS: Magnum P.I. (MAGNPI) 20000 10.51 (+0.51)         CBS: God Friended Me (GODFME) 20000 10.24 (+0.24)         Widows (WIDOW) 100000 37.95 (-1.14)         CBS: FBI (FBICBS) 20000 8.31 (+0.31)         Green Book (GRNBK) 100000 23.69 (-1.37)         Green Book (GRNBK) 100000 23.69 (-1.37)         The Mountain (THMTN) 100000 4.56 (+0.56)         The Mountain (THMTN) 100000 4.56 (+0.56)         Toff Guys (TOFFG) 100000 14.45 (-1.13)         Toff Guys (TOFFG) 100000 14.45 (-1.13)         What Men Want (WMENW) 100000 54.06 (+3.44)         What Men Want (WMENW) 100000 54.06 (+3.44)         The Hustle aka Nasty Women (NSTYW) 100000 31.01 (+1.96)         What Men Want (WMENW) 100000 54.06 (+3.44)         Tell It To The Bees (TITTB) 99999 3.07 (+0.41)         Tell It To The Bees (TITTB) 100000 3.07 (+0.41)         Queen & Slim (QNSLM) 99999 24.52 (+1.41)         Queen & Slim (QNSLM) 100000 24.52 (+1.41)         The Mountain (THMTN) 99999 4.56 (+0.56)         The Meg (MEG) 15000 102.41 (-0.46)         The Mountain (THMTN) 100000 4.56 (+0.56)         Hard Powder (HPWDR) 30197 13.69 (-0.20)         You Should Have Left (YSHLF) 99999 15.01 (+1.18)         You Should Have Left (YSHLF) 100000 15.01 (+1.18)         What Men Want (WMENW) 99999 54.06 (+3.44)         What Men Want (WMENW) 100000 54.06 (+3.44)         The Hustle aka Nasty Women (NSTYW) 99999 31.01 (+1.96)         The Hustle aka Nasty Women (NSTYW) 100000 31.01 (+1.96)         Crazy Rich Asians (CRASN) 17000 77.56 (+0.82)         Spider-Man: Far From Home aka Ho (SPID7) 42 279.85 (+0.33)         Artemis Fowl (AFOWL) 34000 42.89 (+1.77)         Will (WILL) 100000 4.29 (-0.41)         Will (WILL) 100000 4.29 (-0.41)         Queen & Slim (QNSLM) 99999 24.52 (+1.41)         What Men Want (WMENW) 30000 54.06 (+3.44)         The Hustle aka Nasty Women (NSTYW) 100000 31.01 (+1.96)         You Should Have Left (YSHLF) 99999 15.01 (+1.18)         The Hustle aka Nasty Women (NSTYW) 100000 31.01 (+1.96)         The Hustle aka Nasty Women (NSTYW) 99999 31.01 (+1.96)         The Hustle aka Nasty Women (NSTYW) 10000 31.01 (+1.96)         Queen & Slim (QNSLM) 10000 24.52 (+1.41)         Artemis Fowl (AFOWL) 91111 42.89 (+1.77)         What Men Want (WMENW) 88888 54.06 (+3.44)         Alpha H$10 Put (SOLUT.PU) 20000 2.96 (+0.07)         Child's Play (CHLDP) 10000 27.16 (-0.90)         Widows (WIDOW) 10000 37.95 (-1.14)         Toff Guys (TOFFG) 15000 14.45 (-1.13)         Green Book (GRNBK) 15000 23.69 (-1.37)         Space Jam 2 (SJAM2) 15000 31.08 (-1.51)