HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
I'm with you... that sort of volatility is ridiculous and essentially, there are roughly 20 traders controlling the market and profiting...
from it. I was down 2.5 million yesterday... started the day down 500k, then made what I thought were some wise reversals on my positions, lost a bunch of money on commission and then my port just kept on tanking without there seeming to be any major movers that would case it... it's just an overall cumulative thing that when you have 75k of a stock and everything is slowly creeping downwards, you just lose more money. The only money to be made is between 3AM and 4AM by reset trading. That problem is going to worse when they up the number of shares to 100k and frankly, I'll be at Sundance at that point, and I just don't have time to deal with it. I'm fairly close to completely retiring at this point and I have a feeling that will be what finally pushes me over the edge.
im calling bullsh-- on these ipos. a $5 swing in less than 6 hours yet with little negative trading Dec 30, 02:46
I'm with you... that sort of volatility is ridiculous and essentially, there are roughly 20 traders controlling the market and profiting... Dec 30, 03:53
And I got no response from my comments below about lower-priced limited releases moving up 75% an more at reset Dec 30, 03:58
That is why there are limit orders. I bought the stock at IPO Dec 30, 06:35