ST Alpha - "You mean you'll have $8500 more in cash once Avatar's gone, right?" (Reading a Post)

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In response to "i'm up 3k on the new challenge and gonna get 8500 when Avatar cashes out. -- nm" by fatsquatch

You mean you'll have $8500 more in cash once Avatar's gone, right?

Posted by Inigo (aka Inigo) Jan 11 '10, 11:28

I'm up 5k so far, but most of the films I shorted have gotten down to the level I wanted them to. Problem is I can't sell/cover at this level.

Responses:

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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You mean you'll have $8500 more in cash once Avatar's gone, right?

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