HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Welcome back...not many of us still around that were 'here' during the early days...
Some of these suggestions were also mentioned by DT...
If you're holding over 200 stocks...shed many of them (unless they are small quantities).
With a small port..you HAVE to think "short term" as a new player. Buy a stock (or short it) make some $$ on it, and move on. My advice is DO NOT hold or buy ANY movie stock that is further out than 30-60 days for NOW.... Why? because you'll tie up your cash, and you won't be able to use $$ to buy other good deals (like IPO's, adjusting star bonds, etc.)
Remember... you can make JUST as much money on a stock that's priced at $5 if it goes up 10 points, as you can on one that is priced at $70, and goes up 10 points - keep that in mind. The only difference is, you don't tie up as much cash.
Star bonds are good..but be sure you know HOW they adjust. They are a 'sure' way to make money. There is always 'guaranteed' money to be made with star bonds... Kaigee's Bond chart is excellent, and he makes it simple for you. Free money.
You can also click on the tab "Earn H$" there are ways to earn FREE cash for your port!...and every little bit helps with a small port...so click there too. Take advantage of any opportunity to earn extra $$ that's out there. If you find a movie IPO's one day, and you think the price of it may go up (something like Ironman 8, etc.) then you may want to take a shot at it...buy it and hold it for the 'ride' UP of the price...but once you've made some $$...sell it and move on... why keep this stock and tie up lots of your cash for a movie that's opening in 2-3 years? Even if you KNOW it will be a huge blockbuster at that time, it doesn't make sense with a small port.
You can make money shorting stocks too IF you think the price will DROP.. when HSX started back then we couldn't short stocks. But now players can earn $$ when prices go up OR down...take advantage of openers that may drop in price after opening weekend, as you can make some fast money too by shorting openers after their opening weekend.
We all started out with $2M, and you will learn the game faster and easier if you are thinking "short term" while your port is smaller...good luck.
(OLD) New to the Game. Jun 29, 16:09
Here are some tips I posted some years ago that I've been using. Jun 29, 19:44
** This post has been removed by the forum moderator! ** Jun 29, 20:25
** This post has been removed by the forum moderator! ** Jun 30, 10:44
People covering their short to take the gains and invest in something else. Buying and covering both push the stock price up. Jun 30, 11:56
Thanks {nm} Jun 30, 14:27
Welcome back...not many of us still around that were 'here' during the early days... Jun 30, 08:55
