Hemp Boca Portfolio Review – 9-17-2019
by admin - September 17th, 2019 12:29 pm
OK, so let's see if I can actually bring myself to shut down the portfolios. We'll start with the Hemp Boca Portfolio as it's small and I should go on the show this afternoon (haven't decided yet).
Hemp Boca Portfolio Review: This portfolio is not as constrained as Money Talk as there's a show every Tuesday and I can go on when I want (PSW Investments owns 20% of Hemp Boca). We started back on May 21st so it's 4 months old and we're up 8.2% but we were down about 20% at one point (same positions) so I'm not sure I want to risk Q4 in such a small and new portfolio.
The question is, as it will be with EVERY position in EVERY portfolio this month – do we, right now, want to be in this position if the market drops 20%?
- IMAX – Worst case is owning IMAX for $20 and I'm generally fine with that but you have to keep in mind it's a $50,000 portfolio with $100,000 in ordinary buying power (we're assuming not IB as those guys are crazy!). It's a conservative position that's in the money and we should have good support at $21 and $20.50 held on the last dip so hard to kill – especially as I expect Q4 to be huge box office for IMAX. Max possible on the spread is $4,000 and now net $2,325 so $1,675 (72%) left to gain by Jan seems like
Hemp Boca Portfolio Review – 08-20-19
by admin - August 20th, 2019 1:38 pm
Hemp Boca Portfolio Review: $43,205 is down $6,795 (13.6%) since we started so not off to a good start but that's why we scale into positions. The market sell-off has given us some good opportunities to add to our current positions as well as pick up new ones but we don't want to deploy too much cash until we see the positions we have begin to stabilize.
- IMAX – We're about even on this one and $21 is our goal so, if all goes well, this trade will pay us $4,000 but the current net is only $1,450 so $2,550 (175%) left to gain if IMAX can hold $21 through Jan 17th – not bad!
- M – Macy's fell very much out of favor along with the rest of the retail sector but we like them as a real estate play. I'm still happy with the $23 target – even though it now seems far away but we do have 16 months to get there. For the moment, let's roll the 15 2021 $20 calls at $1.15 ($1,725) to the $15 calls at $2.65 ($3,975) so we're spending net $2,250 to roll $7,500 lower