ST Alpha - "I really hope you're able to sell off profitable films once the Cantor Exchange goes live." (Reading a Post)

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I really hope you're able to sell off profitable films once the Cantor Exchange goes live.

Posted by Inigo (aka Inigo) Jan 11 '10, 11:24

Right now, if I wanted to sell, I'd lose about 3/4 of the profit I made.

Responses:

can't you just hold them and let them cash out? -- nm - ceregon Jan 11, 11:33 5
- Yes, but I'd like to be able to come close to day trading. -- nm - Inigo Jan 11, 11:35 4
  - it's tough on these margins. even one trade of 10 shares can make a stock move a point up or down -- nm - fatsquatch Jan 11, 11:38 3
    - I think once they go real $ the market will expand and there won't be so much volatility, except - ceregon Jan 11, 11:46
    - Yeah, that's where I'm hoping the margins getting smaller when it goes live. - Inigo Jan 11, 11:43 1
      - [deleted]
i'm up 3k on the new challenge and gonna get 8500 when Avatar cashes out. -- nm - fatsquatch Jan 11, 11:26 20
- up 3800 in part 2, i'm going to miss those avatar sized returns -- nm - ceregon Jan 11, 11:36
- You mean you'll have $8500 more in cash once Avatar's gone, right? - Inigo Jan 11, 11:28 18
  - The trick is to get out of your positions to stop you making more money. -- nm - HSX si Jan 11, 11:30
  - So your dilemma is to sell/cover for less profit and use that time to make new profit, or wait for the security to cash out? - TFox Jan 11, 11:30 1
    - Yes. Or the third option: hold the films until they open, then sell/cover. -- nm - Inigo Jan 11, 11:37
  - oui. it'll be interesting to see how much $$ there is to be made in the doldrums - fatsquatch Jan 11, 11:30 7
    - [deleted] 6
      - I adapted to a more short term strategy of playing based totally on my box office expectations. That way I don't have to worry about other traders. -- nm - Dano Jan 11, 11:33 5
        
        i'm all about short term at this level -- nm - fatsquatch Jan 11, 11:34
        
        [deleted] 3
        
        short term in that I only played stocks for movies that were already out or coming out within the next two weeks -- nm - Dano Jan 11, 11:35 2
        
        [deleted] 1
        
        I had made the mistake of shorting Youth in Revolt in the 40s a while ago and couldn't get out of it at a profit until fairly recently -- nm - Dano Jan 11, 11:37
  - [deleted] 6
    - i think what he's saying is that it would be nice to be able to sell for actual value before waiting for settlement - fatsquatch Jan 11, 11:32 5
      - [deleted]
      - How are the bids lagging? Examples? -- nm - Will Hunting Jan 11, 11:32 3
        
        Avatar won't settle until Wednesday, but will only include box office through yesterday. - Dano Jan 11, 11:34 2
        
        So...$429'ish, right? What are the bids and current price? -- nm - Will Hunting Jan 11, 11:36 1
        
        Avatar estimate is $430,846,514 through Sunday. Right now I could sell it at $431. -- nm - Dano Jan 11, 11:39
You need a buyer, right? Like real life? So it's not "real" profit? -- nm - TFox Jan 11, 11:25 2
- It's be as real as anything on the NYSE. But yes, you need a buyer. -- nm - Inigo Jan 11, 11:26
- [deleted]

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I really hope you're able to sell off profitable films once the Cantor Exchange goes live.

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