HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Typically, movie stocks that opened over the weekend, drop in price on Monday. However, this wasn't a typical weekend we just had.
We haven't seen the HSX price miss the OW by this much since the new Saturday halt was brought in. Obviously a lot of traders sold and shorted SCRM4 as lower and lower estimates came in on Friday and Saturday. You'd expect that some of those traders will cover to take profits and make other investments, and not all of them will do it today.
On the other hand, of course, sequels are notorious for delisting under adjust, horror movies are notorious for delisting under adjust. SCRM2 delisted $10 under adjust price and SCRM3 delisted $20 under.
Also, since the 75k and then 100K share limits were introduced, we've seen a number of openers go up in price on Monday. It's not as predictable as it was in the past. I really don't know for sure which way it will go tomorrow, but those are the considerations.
Typically, movie stocks that opened over the weekend, drop in price on Monday. However, this wasn't a typical weekend we just had. Apr 17, 15:13
Follow the momentum - if it drops at adjust, short; if it adjusts up, go long Apr 19, 22:55
