ViacomCBS Inc. Class B (VIAC)

, , and - all recent sales - are very close to or are under my buy levels this morning. I have not yet reestablished these longs - and will await some market stabilization. However, I have increased my holdings.

I added to ViacomCBS at $16.55 just now.

"Positively, we believe that if VIAC is unsuccessful with strategy execution, one of the mega cap techs (or another high powered strategic player) could express acquisition interest." - Stifel Research Stifel Fixed Income Research Department weighs ...

Long, fun lunch! And the drinking might continue for a while tonite! The markets closed near the highs of the day and S&P futures are about 10 handles higher than the closing price. I am putting out more on the short side at $293.40 in the after hou...

Down to tag ends on Papa John's - its been a moon shot (but risk now exceeds reward). I am adding further to , , , and today ( +$0.88).

Besides the earnings beat (which looks clean), the most important factor in the ViacomCBS release is the expanded distribution agreement with Alphabet .   I continue to believe that VIAC is a logical fit with a number of companies - including Google...

beats: "With more consumers at home, ViacomCBS streaming platforms had their best month, with accelerated subscriber growth and consumption, reinforcing consumer demand for its content." More to come.

* Mission accomplished? Sell in May and go away!  * In scope and duration, stocks have rallied in a manner rarely seen in history * Month-to-date April has been the best month for equities since 1974 * The S&P Index has climbed by +31.4% since the M...

Adding to , , (speculative) - these stocks, according to my calculus, are selling at 2000 S&P equivalent prices. I am also bidding for packaged food names.

"Wishin' and hopin' and thinkin' and prayin' Plannin' and dreamin' each night of his charms That won't get you into his arms So if you're lookin' to find love you can share All you gotta do is hold him and kiss him and love him And show him that you...

* Danielle, Tony and Tobias continue to wave the cautious flag * And so do many others! * After the two biggest weekly gains since the 1930s, this is a good spot for stocks to back and fill * Sticking with my long book with an eye on the intermediat...

I added to the following longs: , , , , and . I sold a portion of my puts.

* 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. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...

* Viacom, Yum Brands and Carnival go to the debt markets A week ago Viacom sold $2.5 billion of bonds at around 4.6%. A few days ago Yum Brands at approximately 7.75%. Today, Carnival is raising about $4 billion at between 12%-13%.

The mouse is roaring... Disney over $102 (Trade of the Week at $93 yesterday!). Added to banks, ViacomCBS , Goldman Sachs (last week's Trade of the Week) and hotels,  and .  

* Financials and Tech dominate my top individual holdings I have been continually buying the weakness in Facebook . The shares have recently moved into my Top 10 individual long holdings. Alphabet and Amazon - two other FANG components - reside in t...

I sold out my trading long rental on Penn Gaming  based on the announcement of a refinancing. More later. I added to , , , and this morning.

* I am adding further to VIAC From Stifel (who is bullish on the ViacomCBS unsecured debt offering) Note (in boldface) the optionality of VIAC selling out to a larger tech or strategic player with substantially greater financial resources: ViacomCBS...

In trying to understand the weakness in ViacomCBS over the last two months, I have mentioned National Amusements as a possible seller (they were not!). In The Great Decession of 2007-09 I believe the Redstone family (largest shareholder of VIAC) had...

* At the current price of about $151, I cannot easily find such an attractive entry point as Goldman Sachs . (Was -$7 and now almost flat after being +$19 Tuesday). * In just a few minutes just rallied by more than +$2 from my incremental purchase! ...

Should the stock market continue to follow through after Tuesday's historic advance traders and investors will be faced with some tough decisions: * Does one sell off the trading layer of our portfolios? * Should we maintain our longer term investme...

* Before you read this opening missive be sure you understand your risk appetite and profile as well as your time frame * I see a possible "generational" investment opportunity developing and I am now even more aggressively buying for the intermedia...

, , , , , , , , , .

Insider (Redstone) buying in ViacomCBS  last week - at prices much higher than the current price.

I have added to  , , , , , longs this morning.

Thanks so much for reading my Diary today and all week. I hope you found value in my musings (ex-ViacomCBS ). I am pleased that we had respectful debate on the markets and our respective methodologies in our Comments Section. That's a good thing. En...

"You've got to be very careful if you don't know where you are going because you might not get there." -- Yogi Berra For 23 years I have endeavored to write hard-hitting, non-consensus and contrarian analysis that is transparent and, hopefully, prof...