ViacomCBS Inc. Class B (VIAC)

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...

* Another win for the bulls   Though I remain negative on the major Indexes, I thought the market did an exceptional job of keeping the outsized gains of the last few trading sessions today.   * Market breadth was about 5-3 positive as measured by t...

Liking the run in Twitter (+4%). I would be a buyer. The stock was in my laggards column of yesterday - along with ViacomCBS , Discovery , Silver/Gold, Walmart , and Amazon .    

I added aggressively to ViacomCBS (Trade of the Week) on the opening at $42 in my personal pension plan.  Also added to the convertible.  

The S&P index eclipsed last week's prior all-time high today.   The skeptic would write that a 58 handle rise in the S&P Index and a 225 advance in the Nasdaq index was accompanied by only five to three advancers to decliners.   The skeptic would al...

I just purchased a medium-sized position in both and common in my pension plan.  

ViacomCBS has declined from $102 to $43.65 as Archegos has unwound its estimated $2 billion position.  I suspect that many of the momentum based followers of the Archegos trade into ViacomCBS are now out of the stock, based on the outsized volume ov...

* On the long side  While I find few stocks that meet my standard for selection (long) at current prices, here are some ideas:  * Amazon appears to have successfully moved above an important technical milestone at he price of $3100. The company's #s...

A number of subscribers have asked me about the terms of the ViacomCBS  convertible preferred.   Here it is. Thanks for reading my Diary today.   Enjoy the evening.   Be safe.    

I know, its late in the week already, but don't blame a guy for trying!  My two trades of the week are to buy the dislocations cause by Archegos selling of Discovey and ViacomCBS  , common and convertible.  I continue to see some value in both tradi...

* ViacomCBS converts...  If you are looking for income and possible growth for a non taxable account (pension plan, IRA, etc.), I would take a look at the recently priced ViacomCBS convertible preferred stock.  It's a mandatory convert after three y...

* What to do now  I continue to like ViacomCBS and Discovery as long trade rentals.  I liked yesterday's pin action in Verizon , Walmart , and Twitter .  And I would invest in all three at current prices - on the long side.  I still like Schwab  and...

* In history, when you combine ignorance and leverage, you usually get some pretty scary results * Based on the market behavior I have witnessed over the last year, risk management has been grossly ignored and forsaken (on numerous fronts) * Stupidi...

As noted on Friday, I think there is now a long trade in ViacomCBS : BMO updgrades $VIAC BMO Capital Markets upgraded ViacomCBS (VIAC) to Market Perform with target $70 Previous rating: Underperform Issuance Date: 2021-03-29 https://t.co/c1orCCDlqT,...