I saw this in some tips somewhere, that a lot of movies are slow bleeders. I just bought the big short which on IPO day had something like 40 million shares long and less than 5 million shares short. So I bought it long. And then when the price un froze it only went down. So I'm realizing the reason slow bleeders exist is because of exactly that. Everyone who wants the movie buys it long while the price is frozen, and then there's a slow sell-off after that which causes the price to slowly decline.
Sound right?