HSX Forums: Announcements Board






Market Announcement: MovieStocks will no longer halt and adjust on opening weekend

Posted by: Antibody on Nov 20, 10:31

Beginning with the weekend of November 25th, MovieStocks of wide release films will no longer halt trading at 6 pm Pacific Time on Saturday and adjust in price on Sunday. 

Since the halt time was pushed back from Friday to Saturday six years ago, traders have been able to make trading decisions based on real box office performance.  Keeping the MovieStocks halted for another 16 hours or so has become redundant as MovieStock prices have mostly been settled by the Market.  This is especially true for films that open on Wednesday like the upcoming Thanksgiving weekend.

As noted throughout the site, the price of a MovieStock reflects the film's potential domestic box office during its first four weeks of wide release, or twelve weeks if the film remains in limited release.  This remains the same and does not change.    What has changed is the movie industry after nearly 20 years  of MovieStock price adjustment.  The standard weekend adjust multiplier has gone down from 2.9 to 2.8 to 2.7 as opening weekend takes up a bigger fraction of the 4-week box office.  Now, films are opening on Thursday night, which skews the opening weekend of genre blockbusters resulting in adjust prices that end up much higher than the delist prices of MovieStocks.  On the other hand, films that open before Christmas needlessly adjust down in price or remain deflated due to their opening weekend making up a smaller fraction of the 4-week box office over the holiday season.   These artificial price spikes and drops during opening weekend do not accurately reflect these films’ box office.

Making matter worse this year are several films opening wide on Sunday, December 25, which does not have a reliable standard multiplier.  There’s also no certainty that studios will even issue official two-day estimates on Monday, December 26 necessary to do the price adjustment.

Thank you for all your feedback as this decision was not made lightly.  For those who still want to play the halt, the Opening Weekend Warrants still halt on Friday at 10 am Pacific Time.  You can invest 100,000 shares, just like MovieStocks.





The Jetsons (JETSN) 3 5.13 (0.00)         Red Notice (RNOTC) 100000 91.64 (+1.50)         Without Remorse (WOREM) 617 67.07 (+0.31)         Untitled Christopher Nolan (UCNOL) 1000 129.45 (+2.69)         Bob's Burgers (BOBSB) 100000 27.15 (+4.72)         DC Super Pets (SUPET) 100000 61.48 (+6.31)         Those Who Wish Me Dead (TWWMD) 1000 18.12 (-0.34)         The Thomas Crown Affair (TTCAF) 864 21.41 (-0.07)         Silk Road (SLKRD) 1 7.60 (-0.21)         The Friend (TFRND) 1000 13.74 (+0.24)         Dr. Seuss' The Cat in the Hat (TCATH) 534 78.11 (-0.46)         DC Super Pets (SUPET) 1000 61.48 (+6.31)         Us H$50 Call (US.CA) 20000 5.20 (+0.31)         Stowaway (STOWA) 1000 13.52 (+0.01)         Silk Road (SLKRD) 1000 7.60 (-0.21)         The Angry Birds Movie 2 (ANGR2) 100000 63.05 (+0.46)         Shazam! - Opening Weekend (SHAZM.OW) 100000 45.00 (0.00)         Shazam! H$45 Call (SHAZM.CA) 20000 2.00 (0.00)         Ms. Purple (MSPRP) 99999 2.82 (+0.91)         Vince Vaughn (VVAUG) 20000 25.14 (-0.64)         Run Sweetheart Run (RUNSH) 100000 16.00 (0.00)         The Outpost (OUTPS) 719 11.07 (+0.12)         DC Super Pets (SUPET) 1 61.48 (+6.31)         Dwayne Johnson (TROCK) 20000 101.47 (+2.28)         Dwayne Johnson (TROCK) 20000 101.47 (+2.28)         Nomadland (NOMDL) 728 7.52 (-0.07)         Euphoria (EUPHO) 100000 1.59 (-0.02)         Chris Hemsworth (CHEMS) 2000 149.19 (+0.32)         Mission: Impossible 7 (MISS7) 923 124.82 (+0.50)         Once Upon a Time in Hollywood (MFMLY) 479 144.32 (+4.09)         The Jungle Book 2 (JNGL2) 99570 61.13 (+0.25)         Machete Kills Again In Space (MCHT3) 1000 2.84 (-0.18)         M3GAN (M3GAN) 657 16.95 (-0.25)         Sebastian Stan (SSTAN) 20000 110.94 (-0.92)         Sebastian Stan (SSTAN) 20000 110.94 (-0.92)         The Many Saints of Newark aka Th (TMSON) 15000 44.30 (+0.74)         Those Who Wish Me Dead (TWWMD) 100000 18.12 (-0.34)         Those Who Wish Me Dead (TWWMD) 100000 18.12 (-0.34)         Last Night in Soho (LNSOH) 712 17.67 (+0.02)         Irresistible (IRSTB) 1000 15.83 (-1.11)         Animal Farm (AFARM) 100000 1.61 (-0.01)         Nick Frost (NFROS) 20000 27.04 (+1.05)         Shazam! H$45 Call (SHAZM.CA) 7940 2.00 (0.00)         Keanu Reeves (KREEV) 5000 25.10 (+0.34)         The Hitman’s Wife’s Bodyguar (HTMB2) 637 43.59 (+0.03)         Lena Headey (LHEAD) 20000 26.95 (-0.78)         Guava Island (GUAVA) 1000 14.97 (-0.41)         Karyn Kusama (KKUSA) 20000 4.01 (+0.40)         Karyn Kusama (KKUSA) 20000 4.01 (+0.40)         Doc Savage (DOCSV) 99973 5.62 (+0.19)