HSX Forums: Playing & Trading Strategy Board






[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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Idris Elba (IELBA) 20000 120.74 (-1.21)         Idris Elba (IELBA) 20000 120.74 (-1.21)         Chadwick Boseman (CBOSE) 20000 156.96 (-1.28)         Gwyneth Paltrow (GPALT) 20000 152.90 (+1.15)         Eva Longoria (ELONG) 20000 10.47 (+0.13)         Gwyneth Paltrow (GPALT) 20000 152.90 (+1.15)         Mary Shelley (ASITS) 22222 1.07 (-0.09)         Tom Holland (TOHOL) 20000 155.38 (-1.32)         Shanghai Dawn (SHAI3) 50000 7.12 (+0.08)         Damian Lewis (DLEWI) 20000 15.83 (-1.01)         Don Cheadle (DCHEA) 20000 155.80 (+0.57)         Don Cheadle (DCHEA) 20000 155.80 (+0.57)         Dave Bautista (DBAUT) 20000 156.57 (-1.86)         Dave Bautista (DBAUT) 20000 156.57 (-1.86)         Kenobi: A Star Wars Story (SWAR3) 100000 290.76 (-4.30)         The Night Clerk (NCLRK) 100000 9.99 (+3.79)         Substitute Teacher (SUBST) 30000 1.48 (0.00)         City of Lies aka Labyrinth (LABRN) 74990 26.20 (+3.42)         Carrie Coon (CCOON) 20000 165.20 (-1.35)         Avengers: Infinity War $600M Blo (AVNG3.BW) 20000 8.03 (+0.64)         Zombieland 2 (ZMBL2) 99000 17.85 (+0.13)         Skyscraper (SKYSC) 100000 104.01 (+3.24)         Kenobi: A Star Wars Story (SWAR3) 30000 290.76 (-4.30)         First Reformed (FRFRM) 11111 1.89 (-0.03)         Hotel Transylvania 3: Summer Vac (HTRN3) 100000 111.03 (+1.01)         Zombieland 2 (ZMBL2) 99997 17.85 (+0.13)         Substitute Teacher (SUBST) 30000 1.48 (0.00)         The New Gods (NGODS) 15000 53.45 (-0.08)         The Domestics (DMSTC) 6000 0.96 (0.00)         Mary Shelley (ASITS) 33333 1.07 (-0.09)         Mary Shelley (ASITS) 33333 1.07 (-0.09)         Mary Shelley (ASITS) 33334 1.07 (-0.09)         Solo: A Star Wars Story (SWAR2) 100000 344.48 (-7.77)         Solo: A Star Wars Story (SWAR2) 100000 344.48 (-7.77)         Eugenio Derbez (EDERB) 20000 43.54 (+0.40)         Hotel Artemis - Opening Weekend (ARTMS.OW) 100000 10.00 (0.00)         Eugenio Derbez (EDERB) 20000 43.54 (+0.40)         Solo: A Star Wars Story - Openin (SWAR2.OW) 50000 158.62 (-5.46)         Bumblebee aka Transformers 6 (TFRM6) 100000 72.38 (-0.38)         Pale Blue Dot (PBDOT) 50000 15.10 (+0.05)         Mary Shelley (ASITS) 11111 1.07 (-0.09)         Bumblebee aka Transformers 6 (TFRM6) 100000 72.38 (-0.38)         Solo: A Star Wars Story - Openin (SWAR2.OW) 100000 158.62 (-5.46)         Bumblebee aka Transformers 6 (TFRM6) 100000 72.38 (-0.38)         Ocean's 8 - Opening Weekend (OCEN4.OW) 20000 40.00 (0.00)         Chris Hemsworth (CHEMS) 20000 142.29 (-2.07)         Ocean's 8 H$40 Put (OCEN4.PU) 20000 2.00 (0.00)         Chris Hemsworth (CHEMS) 20000 142.29 (-2.07)         Ocean's 8 H$40 Call (OCEN4.CA) 20000 2.00 (0.00)         Solo: A Star Wars Story - Openin (SWAR2.OW) 474 158.62 (-5.46)