HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Playin' the players (pointers inside)
People could be buying or covering PIKAC for a number of reasons, and the predicted delist value has relatively little relevance to that trading.
At Delta House, we figure it's mostly covering. Not everyone can park millions of dollars in a stock for a few weeks (others have billions stranded in low-interest cash); plenty of cash-short players properly perceive a better prospect for getting the cash (including cash that is "stranded" because short profits are not available for investment until covered) and directing it toward a better short-term move. The one percent commission can be a reasonable price for liquidity.
When that covering begins to move the price, some investors may buy -- even some who are convinced PIKAC will eventually deslist below the current price -- and figure they'll ride the acute wave for at least a brief period.
This concept also may explain otherwise inexplicable movements in CelebStocks, whose gains (or losses) are in many cases reliably predictable to the penny, several weeks from adjustment but whose trading sometimes runs against the guaranteed future.
Spider verse 2- did I miss some news? {nm} May 13, 17:53
Yes. {nm} May 13, 17:55
Yes. {nm} May 13, 17:56
? {nm} May 13, 18:02
I missed it to! Still can't find it on the board. {nm} May 13, 20:20
I can't find any news on it anywhere. Not sure what cause the drop. {nm} May 13, 20:38
Is it possible group of people artificially manipulating this stock? {nm} May 13, 20:40
Talking about it has triple what it was in the morning. {nm} May 13, 21:50
** This post has been removed by the forum moderator! ** May 13, 21:02
People taking some profits {nm} May 13, 22:10
How about today's PIKAC? Apparently 30+ people think its going to have a >3X delist? {nm} May 14, 05:18
Playin' the players (pointers inside) May 14, 07:38
Pika has dropped a ton in the last couple weeks so small and medium ports covering to use the cash elsewhere makes sense. {nm} May 14, 07:39
A bit crazy in light of the 34% drop on Sunday and A- cinemascore. A delist near 150 would be a miracle. {nm} May 14, 11:39