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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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The Croods 2 (CROD2) 100000 80.00 (0.00)         Kings (KINGS) 12 1.69 (-0.02)         Peter Pan (PTRPN) 90000 32.80 (+0.01)         Black Panther (BPNTH) 100000 431.22 (+24.74)         Jurassic World: Fallen Kingdom (JURA5) 2 476.01 (-0.94)         Batgirl (BATGR) 6500 36.13 (-0.24)         Batgirl (BATGR) 4500 36.13 (-0.24)         Black Panther (BPNTH) 500 431.22 (+24.74)         Judy (JUDY) 6 18.58 (+0.13)         Sherlock Holmes 3 (HOLM3) 120 14.89 (-0.05)         A Sunday Horse (ASUNH) 10000 3.85 (-0.31)         Gnome Alone (GNALN) 750 2.71 (+0.07)         Chappaquiddick (CHPQD) 100000 7.30 (-0.14)         Jane Fonda (JFOND) 20000 33.88 (+0.08)         Obi-Wan Kenobi: A Star Wars Stor (SWAR3) 99999 299.33 (-1.34)         Green Lantern Corps (GLAN2) 735 83.45 (+0.10)         Chadwick Boseman (CBOSE) 1000 99.30 (+1.20)         Craig T. Nelson (CTNEL) 20000 66.33 (-0.13)         Grasshopper Jungle (GHOPJ) 140 12.27 (-0.11)         Sandman (SANDM) 19000 2.10 (0.00)         Goosebumps 2 (GBUM2) 6 30.86 (-0.19)         Fifty Shades Freed (50SH3) 100000 94.91 (+2.68)         Black Panther (BPNTH) 100000 431.22 (+24.74)         Midnight Delivery (MDLVR) 100000 0.07 (-0.01)         Submission (SUBMS) 10 1.47 (-0.01)         Black Widow (BWDOW) 68855 92.92 (+5.48)         Black Widow (BWDOW) 7500 92.92 (+5.48)         Game Night (GAMEN) 30 46.90 (-1.34)         The Croods 2 (CROD2) 100000 80.00 (0.00)         Alien: Awakening (ALIE5) 15 20.61 (-0.30)         48 Hours (48HRS) 90 22.80 (-0.24)         Incredibles 2 (NCRD2) 10000 304.61 (+3.05)         The Lion King (LIONK) 75402 325.09 (-1.51)         The Croods 2 (CROD2) 125 80.00 (0.00)         Newness (NEWNS) 100000 0.03 (-0.39)         Andy Garcia (AGARC) 20000 58.03 (0.00)         Black Panther (BPNTH) 100000 431.22 (+24.74)         Irreplaceable You (IRPLC) 100000 0.02 (-0.01)         Mary Steenburgen (MSTEE) 20000 10.28 (+0.08)         Red Sparrow (RSPRW) 90000 69.31 (+2.13)         The Croods 2 (CROD2) 12500 80.00 (0.00)         Black Panther (BPNTH) 5000 431.22 (+24.74)         Midnight Delivery (MDLVR) 100000 0.07 (-0.01)         The Croods 2 (CROD2) 100000 80.00 (0.00)         Lords of Chaos (LCHAO) 6666 5.29 (+0.04)         Black Widow (BWDOW) 25000 92.92 (+5.48)         Black Panther (BPNTH) 41 431.22 (+24.74)         The Nun (THNUN) 100000 56.10 (+0.01)         The Croods 2 (CROD2) 20000 80.00 (0.00)         The Croods 2 (CROD2) 100000 80.00 (0.00)