HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
lets check the math...
BCOND adjusted on 12/13/11 to $92.50
To flip his bond would cost $18,500 (to sell) and $18,500 (to short) = $37,000
The lowest the price was post adjust was $85.06 on 1/26/12.
To flip his bond (back to long for his next adjust) would cost $19,988 (to cover) and $17,012 (to long).
The lowest that BCOND moved was 7.44 points ($148,800 profit).
If you happened to take advantage of the post adjust bounce and got BCOND on 1/26/12 at his lowest price then you made:
$148,800 - $19,988 = $128,812
$128,812 - $17,012 = $111,800
$111,800 - $18,500 = $94,788
$94,788 - $18,500 = $76,288
A maximum profit of $76,288 (but most players did not get the lowest price possible and made less profit than this on the bounce).
In todays HSX, $76k is not a large amount of profit vs the amount of danger (and money) it could cost you if/when you miss the reverse back to long. The $76k was not worth the amount of attention it would cost me to make that amount of money, so I just held it straight through until his next adjust and forgot about him (until today). I still made my $630k profit and had no stress (plus I got to post an amazing hold).
BCOND 20,000 long H$10.76 H$124.00 H$1.63 (1.33%) H$2,480,000.00 2,264,800.00 (1,052.42%) {nm} Dec 11, 10:52
BCOND 20,000 long H$10.32 H$124.00 H$1.63 (1.33%) H$2,480,000.00 2,273,640.00 (1,101.78%) {nm} Dec 11, 11:03
and if you played the bounce after Breaking Dawn 1, you would have made even more {nm} Dec 11, 11:05
lets check the math... Dec 11, 12:59
BCOND 20,000 long H$8.16 H$124.00 H$1.63 (1.33%) H$2,480,000.00 2,316,800.00 (1,419.61%) {nm} Dec 11, 12:25