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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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Annabelle 3 (ANAB3) 25861 84.43 (-0.23)         Methuselah (METHU) 1 13.09 (+0.08)         Kitty Pryde (KITYP) 1 22.69 (+0.78)         Woman at War (WAWAR) 100000 1.74 (-0.26)         Rush Hour 4 (RUSH4) 100000 27.20 (-0.13)         Five Feet Apart (5FTAP) 99999 14.97 (+0.38)         Birds of Prey (GOTCS) 100000 148.01 (-0.02)         Fantastic Beasts 3 (FBST3) 20392 127.03 (-4.43)         Horse Boy (HORSB) 100000 4.31 (+0.04)         Brian Banks (BBANK) 99999 7.06 (-0.04)         Todd Solondz (TSOLO) 20000 0.15 (+0.06)         The LEGO Movie 2: The Second Par (LEGO2) 7500 178.81 (-2.39)         Peter Fonda (PFOND) 20000 0.15 (0.00)         Tolkien (TLKIN) 99999 4.66 (-0.27)         The LEGO Movie 2: The Second Par (LEGO2) 100000 178.81 (-2.39)         Resident Evil (RESE7) 80000 24.48 (-2.36)         The LEGO Movie 2: The Second Par (LEGO2) 100000 178.81 (-2.39)         The Hummingbird Project (HUMBP) 100000 2.80 (+0.71)         Glass (GLASS) 100000 133.16 (-2.81)         Molly aka Untitled Sally Potter (MOLY1) 100000 7.76 (+1.81)         Lesbian, Gay, Bisexual and Trans (LGBTQ) 10000 20.62 (+0.51)         The Good Liar (GLIAR) 66000 21.23 (+0.24)         James Bond 25 (JB25) 99999 158.49 (+1.09)         Downhill (DWNHL) 65000 27.06 (-0.30)         Tolkien (TLKIN) 1 4.66 (-0.27)         Charlie Says (CSAYS) 1 1.91 (-0.06)         Mary Magdalene (MMGDL) 1 2.92 (+0.23)         Batgirl (BATGR) 99999 24.37 (-0.24)         The Biggest Little Farm (TBLF) 1000 2.00 (0.00)         The Man Who Killed Don Quixote (MWKDQ) 99999 1.89 (+0.02)         Weetzie Bat (WEETZ) 1000 6.00 (0.00)         National Treasure 3 (NATR3) 99999 5.03 (+0.01)         Lexi (LEXI) 1000 18.90 (+0.90)         Molly aka Untitled Sally Potter (MOLY1) 1000 7.76 (+1.81)         Woman at War (WAWAR) 100000 1.74 (-0.26)         Bumblebee $110M Blockbuster Warr (TFRM6.BW) 3000 9.06 (+0.44)         Bumblebee $110M Blockbuster Warr (TFRM6.BW) 5000 9.06 (+0.44)         Mary Poppins Returns $155M Block (MPOPN.BW) 5000 9.69 (+0.46)         Aquaman $285M Blockbuster Warran (AQUMN.BW) 5000 10.10 (+0.57)         Woman at War (WAWAR) 1000 1.74 (-0.26)         Glass (GLASS) 20000 133.16 (-2.81)         Lesbian, Gay, Bisexual and Trans (LGBTQ) 1000 20.62 (+0.51)         Resident Evil (RESE7) 1000 24.48 (-2.36)         Crawl (CRAWL) 50000 27.31 (+5.34)         Mary Poppins Returns $155M Block (MPOPN.BW) 6000 9.69 (+0.46)         Aquaman $285M Blockbuster Warran (AQUMN.BW) 4000 10.10 (+0.57)         Lexi (LEXI) 5000 18.90 (+0.90)         Molly aka Untitled Sally Potter (MOLY1) 5000 7.76 (+1.81)         Tom Holland (TOHOL) 20000 157.24 (+1.14)         On the Basis of Sex (OBSEX) 100000 21.24 (-0.20)