HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Depends on what happens around adjust, and whether or not it's a good movie
After the adjust, I look at 4 things: 1) Was the move in the direction I was expecting, or was it the opposite? 2) Was it a minor move, or a major one? 3) What's the buzz, i.e. is it a good movie or a bad one? 4)
For example, I was holding [INVIC] long. Mistake: it dropped H$18. That's a big drop. So should I keep it long, or admit my mistake, and short it now?
I'm holding it long to delist, because I've already paid for my mistake. So the question for me today is: would I buy it at this price, or short it? The reviews have been great, and the buzz seems to be good. It's a serious drama for adults; those tend to build well, so the delist will probably be higher than the adjust. Comedies, action movies, and movies specifically aimed at teens [TWLI2] tend to be frontloaded on the opening weekend, so those are usually a safe bet to hold short to delist.
With no commision free trading and only a short time holding period stay with the direction of the sure profit. {nm} Nov 28, 12:57
thnkx guys. interesting to get opposite strategies so far {nm} Nov 29, 13:28
Crikey but you want the sun the moon AND the stars. But let me see if I can get you an answer of what I would do... Nov 28, 13:26
Point #3 only has validity if the stock has to delist on the Monday Nov 29, 23:15
I almost always let my movie stocks cash out. Rarely sell prior to cash out. Dec 10, 21:59
Depends on what happens around adjust, and whether or not it's a good movie Dec 13, 13:55