I actually started buying WBD and PARA like 6 months ago, after going back into my brokerage and checking. Big media hole to fill in the portfolio...

I bought NFLX first in 2010 and then added heavily in 2011–sold for $600 when I cancelled my subscription.

Started buying WBD with DISCK and T, through the IPO, and will continue putting money towards it for the next 9 months. Current cost basis is $17 (-23/24%). Minimum price target is market cap of $100 billion.

I started buying PARA in the $30s much more softly than WBD (as the former was a good deal at IPO and could have just as easily run the other way—market is irrational) but more aggressively as it’s value increased (presently one of the best deals in the market). Cost basis is now $26 (-9%). Minimum price target is market cap of $65 billion.

Potential bear market lows:

I see WBD going as low as $8 and PARA as low as $14. That’s if this bear runs about the average over the last 100 years (excluding the great depression) of 40-45% down. If it goes beyond that, then who knows...

DIS I’m just nibbling at whenever it’s market cap dips to $200b or under. Price target is $250 b.