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THE ENTERTAINMENT MARKET
Never played Openers before. Please help me to make sure I get the idea -
Where do I find projections for performance? I have been looking at ComingSoon.net Weekend Warrior and boxofficeguru.com/weekend.htm.
Is a certain type of projection better than another or am I just supposed to read 3 of them and decide for myself?
How do I figure out how much it has to make in order to adjust a certain way?
Is that where the "divide by 2.7" thing comes into play? If CBALN is selling for $100 a share then it needs to make $37.07MILLION in order to stay the same, higher to adjust up, lower to adjust down?
Ok, that aside, here is how I think I play:
Read the projections. Decide if $37Mill is too high for CABLN or too low.
Long/Short accodingly by a certain time on Friday.
Cash out on Monday.
Thanks for the help. I tried reading the first 2-3 dozen posts in this section to see if I could find what I needed but I got frustrated and I only have 20 more minutes of lunch.
Never played Openers before. Please help me to make sure I get the idea - Jul 28, 09:49
saturday?? Wait... is it OW calls and puts that halt on Friday, then? {nm} Jul 28, 10:01
correct. {nm} Jul 28, 10:17
Is it stupid to let my WO earnings (if positive) sit till Monday or Tuesday? To hang onto them (cause I'm away)? {nm} Jul 28, 09:56
Again, Thank You. Is there a specific time when trading is allowed on openers on Sunday? Jul 28, 11:37
The adjust happens around mid-morning Sunday - as soon as the ERC estimates come in. The joke was always that Jul 28, 12:39
a wealth of information. Thank you. This is the first time I've ever bothered to ask questions. Wish I had asked earlier. {nm} Jul 28, 12:51
Check the Announcement Board for previous MovieStock Adjusts, which are usually between 10-11 am Pacific. Jul 28, 14:13
well said! And thank you for some 3rd person info that I didn't have, myself! {nm} Jul 28, 11:31
