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Playing & Trading Strategy

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Follow the momentum - if it drops at adjust, short; if it adjusts up, go long

Posted by: JohnTEQP on Apr 19, 22:55 in response to David_Francis' post Is there a typical monday bounce for 1: movies that were...

If a movie drops significantly at the adjust, it's probably a bad movie, so it will probably delist below the adjust. If it adjusts significantly up, it's probably a good movie, and will have good word of mouth, and therefore delist above the adjust.

Is there a typical monday bounce for 1: movies that were a heavy short at halt and/or 2: movies that were a strong long at halt?..... David_Francis Apr 17, 12:51

Typically, movie stocks that opened over the weekend, drop in price on Monday. However, this wasn't a typical weekend we just had. RogerMore Apr 17, 15:13

thanks for the indepth reply! i appreciate it. still unsure what to do short term, but i think i have my long term stratagy. thanks again {nm} David_Francis Apr 17, 15:45

Follow the momentum - if it drops at adjust, short; if it adjusts up, go long JohnTEQP Apr 19, 22:55

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