HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Stocks with this huge of a price, typically will drop for a few days...
and then they may level off. People may wait until box office figures come out again after the next weekend, to see how the 'legs' of the movie is holding up. After 2 weekends, it should give us a "rough" idea of where the movie will delist at after 4 weeks... and from there you can decide what to do. Obviously, depending on how much of this you're holding, it's tying up cash...so only YOU can decide when the best time to move on is.
With a smaller port, you have to think 'short' term' so if you like the profits you've made... sell the stock and move on. Sure, if you had the $$ you could hold it, but smaller ports should take their profits and move on, unless they really want to continue to tie up the cash holding a stock long or short. It's really up to you.
Remember though, that there are new movies opening every week, that may offer more adjust potential for you, and if you can make 10 points (if you pick it right) on a new movie opening, it's better than to continue holding a prior stock hoping that you make another 3,4 or 5 points on it.
Think about it, and good luck.
OK cause im still kinda new to this a question. Jul 18, 19:04
Most of the time daytraders try to play the movement of the stock, so it fluctuates a bit... Jul 18, 20:08
k. I'm not really thinking long term. Jul 18, 20:35
If you cover your short before reset then you might be eating away at your profits by having to short it again later... {nm} Jul 18, 20:59
tru {nm} Jul 18, 21:19
i don't even have 45m to tie up lol {nm} Jul 19, 12:50
f7u12. good catch! I have only ever made like... 100K in a day. {nm} Jul 21, 03:45
Stocks with this huge of a price, typically will drop for a few days... Jul 19, 13:31
