Weekend Predictions

Sorry, it has been a long and crazy week with not much to report on.  Just to keep things moving, here is a quick update for the weekend flicks.

Deadline Hollywood has the weekend predictions based on the Friday box office numbers.  It looks like a difficult weekend for all of the movies in their first week.

Weekend Top 5 Estimates...

Deadline Hollywood has posted the weekend estimates. Here are the top 5....

1. Where the Wild Things Are (WILD) - $33 million (New)
2. Law Abiding Citizen (LACTZ) - $21 million (New)
3. Paranormal Activity- $20 million ($33.5 cumulative)
4. Couples Retreat (CPLRT)- $18.5 million ($63.9 cumulative)
5. Stepfather (STPFT) - $11.5 million (New)

Depending on the legs of the 3 new movies, that gives LACTZ (currently trading at $52.75) and STPFT ($27.00) a little upside if you go by the HSX delist predictor of weekend box office x 2.7 formula.  I personally go with a litle higher multiplier when making predictions. 

It would appear that WILD ($107.00) is a little over-valued at its current price, but it may be able to keep its legs for another week or two if Astro Boy (ASBOY) doesn't steal away too much of the coveted PG, family rated, crowd .

CPLRT ($77.00) saw a 47% drop from its freshman weekend and it may be tough to bring in the remaining box office receipts needed to hit that number.

Coming up short...

Well, I have made a few trades with my practice account.  I don't know why, but I seemed to have found myself seeing everything as over-valued. Other than WILD, I seem to have shorted everything else. My port is taking a beating this morning, though. Apparently others see value where I don't.

What is the Cantor Exchange?

Hi everyone,
The Cantor Exchange (CX) is basically a stock market for movies. It is based on a popular internet stock market simulator known as the Hollywood Stock Exchange (HSX). Unlike the HSX, CX isn't a simulator. Investors will essentially buy shares (referred to as Domestic Box Office Receipt Futures) in domestic movies using real U.S. dollars.

I have been a long time HSX player, with a portfolio ranked in the top 1,000. I am curiously hopeful about this new investment vehicle. Time will tell if it will gain enough investors to survive. I plan to use this blog to share my thoughts on the market.

I am also in the process of creating a new website Movie Market Exchange (MMX) that will provide tools and resources for traders. If there are any individuals interested in helping me create tools, or writing a column please e-mail me at moviemarketexchange@yahoo.com.

It Pays To Practice...

Now through December 31st, that is true. The site is about to go live, and they are basically paying you to test their engines. Sign up for a practice account and get $10,000 to play around with. At the end of the promo they will cash out your portfolio at a rate of $10 per $1000. The max payout is $100. For details and to start trading go to their site.

http://www.cantorexchange.com/getdoc/37790d6f-7888-4d19-b18f-fc0b3b86ade2/It-Pays-to-Practice.aspx

Coming Soon....

A Blog dedicated to providing information on the new Cantor Exchange