ST Alpha - "i'm up 3k on the new challenge and gonna get 8500 when Avatar cashes out. -- nm" (Reading a Post)

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In response to "I really hope you're able to sell off profitable films once the Cantor Exchange goes live." by Inigo

i'm up 3k on the new challenge and gonna get 8500 when Avatar cashes out. -- nm

Posted by fatsquatch (aka chris) Jan 11 '10, 11:26

(No message)

Responses:

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

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