ViacomCBS Inc. Class B (VIAC)

For the first time, I like the fight in ViacomCBS .

ViacomCBS , as most already know, got a few upgrades this morning following the beat yesterday.  As I mentioned, I continued to add yesterday at about $37.85:  May 06, 2021 ' 03:15 PM EDT DOUG KASS Adding to VIAC I don't understand the decline in Vi...

I don't understand the decline in ViacomCBS .  I am buying more on top of an already large holding.  More tomorrow after I digest the quarterly report this evening.

I am adding to ViacomCBS in premarket trading.  

I have not had a chance to analyze the much better than expected top and bottom line at ViacomCBS (for 1Q2021) as I am heading out to a Board meeting.  But, here are the headlines: * VIACOMCBS REPORTS Q1 2021 EARNINGS RESULTS * QTRLY ADJUSTED DILUTE...

* I sold some SLV on Tuesday * I also covered my trading short rental in Apple yesterday  While silver and gold are mired in sellers -- as cryptocurrencies take the oxygen out of the room -- uranium is making a move higher: In keeping with my need t...

I paid $36.14 for more  , and $39.87 for more .    

ViacomCBS and Discovery get jiggy.    

Obviously the charts of and have a better look over the last 24 hours:    $VIAC the daily chart with MACD 1) it's very deep in oversold territory where a return to the 0 line shows a lot of room still to the upside 2) The blue line is about to cross...

Though I am launching my hedge fund in several weeks, I plan to continue to hold , , , and (personally) for the foreseeable future.  

* There are now over 100 Crypto Assets worth over $1 billion (that's a new record) * Dogecoin, which started as a joke, hit a $50 billion market capitalization on Friday * Investors want to believe in the value of cryptocurrencies, in the prophesies...

* I ended the day in a large net short exposure (personally)   Some observations:   1. I was wrong on where I thought Coinbase would open, but I was correct that it should be be avoided (or shorted on the opening at $381) as it closed at $328. See "...

For emphasis I would be cutting back on Amazon , Walmart and Twitter . I would be reducing bank holdings. I would consider adding to Discovery  and ViacomCBS  (and - wonderful for tax free pension plans!).  

Break in! Credit Suisse is selling or planning to sell about 19 million shares of Discovery owned by Archegos. The shares are lower on the news -- broken by CBNC's David Faber. I am picking up more at $38.70 in the after hours. This may help to expl...

Some observations:  * Ss over Ns. And the Russell is not crowing. (I added to my and shorts on the morning's strength). * Banks are lower in a sea of green this morning. It is my view that bank stocks are vulnerable after the runup. I will have a co...

* In a (price) momentum based investment world the winners often get overextended and the losers often get oversold  "Ilu ho-tsi, ho-tsi-a-nu, Ho-tsi-a-nu mi-Mitz-ra-yim, Ho-tsi-a-nu mi-Mitz-ra-yim, Da-ye-nu! .. CHORUS: .. Dai, da-ye-nu, .. Dai, da-...

* My revised levels I don't want there to be any ambiguity about the size of my positions, or about my buy and short levels, as I strive for as much transparency as possible. This column is a continued commitment towards that sort of disclosure. "Wh...

The speculative gewgaws have lost their bids again and are falling back to earth.  , , , ,  , , etc., getting taken to the woodshed.  Usually this portends broader market weakness - but there is nothing normal about this market.  Meanwhile, in part ...

* Like Led Zeppelin's iconic and mystical 1971 song, the market's advance has become almost an imbedded religious experience now * Buy the classics - the classic laggards (like ViacomCBS, Discovery and Amazon) * Rock on for now while the music is st...