HOLLYWOOD STOCK EXCHANGE
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And I got no response from my comments below about lower-priced limited releases moving up 75% an more at reset
It's clearly someone manipulating the lower-priced stocks at this point... two days ago it was Blue Valentine up 65%, yesterday it was Another Year up nearly 80%... and today it's Blue Valentine again (both are limited releases with no reason for that kind of movement)... it's not just that these two are likely to already be overpriced but the fact they can move up so much and give such a profit to those who reverse it at reset is ridiculous and then people wake up in the morning and then reverse or cover it to keep from losing money and it goes up higher... No stock should be allowed to move that amount in such a short period of time without news, etc. It's no longer daytrading, but it's an exploitation of the market volatility that was changed without really testing it out properly. This kind of stuff reminds me of when stocks would be up $5-6 at reset, but those were also much higher-priced stocks. Volatility should be on a floating scale... stocks shouldn't be moving based on a single trade.
im calling bullsh-- on these ipos. a $5 swing in less than 6 hours yet with little negative trading Dec 30, 02:46
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