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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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Miss Bala (MISSB) 100000 18.70 (-0.26)         Micro (MICRO) 100000 17.56 (-0.05)         The Curse of La Llorona (CHLDN) 99999 39.75 (-0.96)         Miss Bala (MISSB) 35000 18.70 (-0.26)         The Possession of Hannah Grace (CADVR) 49999 17.10 (+0.39)         I’ll Never Get Out of This Wor (INGOW) 1 0.61 (0.00)         Star Trek 4 (TREK4) 1 70.01 (+0.06)         My Spy (MYSPY) 100000 22.52 (+0.66)         Spawn (SPWN2) 100000 21.10 (+0.99)         Larry (LARRY) 100000 21.97 (+1.10)         The Boy Who Knew Too Much (BWKTM) 100000 20.53 (+0.53)         The Fountainhead (FNTHD) 100000 21.93 (+0.70)         The Fountainhead (FNTHD) 100000 21.93 (+0.70)         Scarface (SCARF) 100000 19.20 (-0.12)         Scooby aka S.C.O.O.B. (SCOBY) 100000 26.95 (-0.74)         Scarface (SCARF) 100000 19.20 (-0.12)         Larry (LARRY) 100000 21.97 (+1.10)         The Fountainhead (FNTHD) 100000 21.93 (+0.70)         The Fountainhead (FNTHD) 100000 21.93 (+0.70)         Overlord (OVRLD) 100000 37.05 (-0.08)         Overlord (OVRLD) 100000 37.05 (-0.08)         Black Widow (BWDOW) 1 102.47 (0.00)         Minions 2 (MNIO2) 1 169.56 (+0.12)         Little Women (LTLWM) 1 46.59 (+0.13)         Men in Black Untitled (MIB4) 1 149.35 (+0.12)         The Favourite (FVRIT) 40 5.77 (0.00)         Maleficent 2 (MALF2) 1 129.70 (+0.25)         Under the Silver Lake (UNDSL) 9000 1.69 (0.00)         Pinocchio - Disney (PNOCC) 1 70.32 (+0.13)         Under the Silver Lake (UNDSL) 1000 1.69 (0.00)         The Eternals (ETRNL) 1 63.24 (+0.19)         Untitled Suburban Fantasy World (SUBFW) 1 81.16 (+0.20)         The Boy Who Knew Too Much (BWKTM) 1 20.53 (+0.53)         Holmes & Watson (HLMWT) 100000 84.14 (0.00)         Nightwing (NTWNG) 49000 28.24 (0.00)         Untitled Suburban Fantasy World (SUBFW) 1937 81.16 (+0.20)         Rugrats (RUGRT) 29000 43.13 (0.00)         Destroyer (DSTRY) 99999 10.26 (+0.33)         Spy 2 (SPY2) 47000 11.15 (0.00)         Fantastic Beasts: The Crimes of (FBST2) 5000 209.21 (+0.19)         Thomas Jane (TJANE) 20000 8.02 (-0.08)         Pinocchio - Disney (PNOCC) 873 70.32 (+0.13)         The Hate U Give (HTUGV) 100000 22.89 (+0.34)         The Hate U Give (HTUGV) 50000 22.89 (+0.34)         The Sisters Brothers (TSBRO) 100000 4.30 (+0.10)         The Sisters Brothers (TSBRO) 100000 4.30 (+0.10)         2.0 (2PT0) 100000 2.85 (-0.16)         Cold Pursuit aka Hard Powder (HPWDR) 1 16.31 (0.00)         Untitled Suburban Fantasy World (SUBFW) 829 81.16 (+0.20)         Kingsman 3 (KTSS3) 6000 77.26 (+0.01)