ViacomCBS Sold

By on February 19, 2021

ViacomCBS 6 month chartOn February 17, 2021, the entire position of ViacomCBS (VIAC) held in the SMA Portfolio was sold at $60 per share. VIAC has rebounded mightily over the past 11 months. The stock has fairly high short interest (approximately 16% as of the latest report) and appeared to benefit from the recent Wall Street Bets inspired short squeeze.

If VIAC pulls back I may re-initiate the position. The company appears fairly valued at its current quotation.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. All investors are advised to conduct their own independent research into individual stocks, closed-end funds, mutual funds, and exchange traded funds or any other investment vehicle before making a purchase decision. In addition, investors are advised that past performance has demonstrated no relation to future performance. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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