HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Here's the Official Announcement
MovieStocks to no longer halt and adjust
Beginning with the weekend of November 25th, MovieStocks of wide release films will no longer halt trading at 6 pm Pacific Time on Saturday and adjust in price on Sunday. Since the halt time was pushed back from Friday to Saturday six years ago, traders have been able to make trading decisions based on real box office performance. Keeping the MovieStocks halted for another 16 hours or so has become redundant as MovieStock prices have mostly been settled by the Market. This is especially true for films that open on Wednesday like the upcoming Thanksgiving weekend.
As noted throughout the site, the price of a MovieStock reflects the film's potential domestic box office during its first four weeks of wide release, or twelve weeks if the film remains in limited release. This remains the same and does not change. What has changed is the movie industry after nearly 20 years of MovieStock price adjustment. The standard weekend adjust multiplier has gone down from 2.9 to 2.8 to 2.7 as opening weekend takes up a bigger fraction of the 4-week box office. Now, films are opening on Thursday night, which skews the opening weekend of genre blockbusters resulting in adjust prices that end up much higher than the delist prices of MovieStocks. On the other hand, films that open before Christmas needlessly adjust down in price or remain deflated due to their opening weekend making up a smaller fraction of the 4-week box office over the holiday season. These artificial price spikes and drops during opening weekend do not accurately reflect these films’ box office.
Making matter worse this year are several films opening wide on Sunday, December 25, which does not have a reliable standard multiplier. There’s also no certainty that studios will even issue official two-day estimates on Monday, December 26 necessary to do the price adjustment.
Thank you for all your feedback as this decision was not made lightly. For those who still want to play the halt, the Opening Weekend Warrants still halt on Friday at 10 am Pacific Time. You can invest 100,000 shares, just like MovieStocks.
Here's the Official Announcement Oct 28, 11:37
Boom goes the dynamite! {nm} Oct 28, 11:42
Bring it on! {nm} Oct 28, 11:43
thanks for the official word. {nm} Oct 28, 11:46
burn baby burn. lol {nm} Oct 28, 11:52
Well...should be interesting at any rate. Nice to have a firm date. {nm} Oct 28, 11:56
TWSS {nm} Oct 28, 12:53
Can someone give some guidance on how we are supposed to value moviestocks now? {nm} Oct 28, 12:06
Based on how much box office you think they'll make over 4 weekends of release. {nm} Oct 28, 12:10
Your name reminded me of HSXsanity. Found some info <inside>... Oct 28, 12:29
Shouldn't the "MAX" amount you can trade on OW warrants increase to match the $ amount of the underlying stock you can trade? Oct 28, 13:07
No, because, in essence, the .OW is leverage. Oct 28, 21:14
Please bring back Chart of the Week {nm} Oct 28, 12:34
I don't have time to write the columns weekly, but Im happy to make the tool I use to generate the charts public. Oct 28, 13:44
You can still use 2.7 x opening weekend. {nm} Oct 28, 12:15
Value kid animated and old people movies over sequels, supers, horror... Oct 28, 15:33
Dude, please reconsider. {nm} Oct 28, 12:26
What kind of useful data does HSX get from movie stocks at this point {nm} Oct 28, 12:38
Good lord...our estimate of the movie at delist! {nm} Oct 28, 21:15
So just to clarify, for myself anyway haha, we treat stock prices as what they'll do for 4 or 12 week totals. Oct 28, 13:03
Sounds right to me...no more huge adjusts after a halt..say goodbye to those. {nm} Oct 28, 14:23
Yeah, I'm with you on that. Thanks, just wanted to make sure i had this right. {nm} Oct 28, 15:26
I feel like IPO Prices should be much cheaper now because of this news. {nm} Oct 28, 17:30
+1 - Especially supers/sequels/horror - they should be almost 40% lower now if you want any trading on them... {nm} Oct 29, 06:11
Ty antibody... Happy trading all ! {nm} Oct 28, 14:21
Just take the halt of the movie stocks back one day and everything is fun again!!!! {nm} Oct 28, 14:23
Seriously not happy about this news. {nm} Oct 28, 14:26
OW limit should be increase. 250k would be sufficient. {nm} Oct 28, 15:01
+1 {nm} Oct 28, 16:17
I said the same thing above, but it's inside the headline. I'm with you. It's the right thing to do {nm} Oct 28, 18:28
*closer {nm} Oct 28, 15:03
Agreed that OW stock limit should increase with these changes. {nm} Oct 28, 15:14
Great! Can we go back to the gold standard and drop the FED too?!?!? {nm} Oct 28, 15:33
have you thought about what to do with eapgod? {nm} Oct 28, 17:18
I'm discussing it with Karl. Will let you all know. {nm} Oct 28, 19:38
It's madness to throw out the FUN factor of HSX. {nm} Oct 28, 19:30
+1 {nm} Oct 29, 06:11
I'm a diehard HSX player. The best players will still succeed at making HSX $$$, regardless of rule changes. {nm} Oct 28, 22:11
On a separate note, it will kill Saturday AND Sunday traffic Oct 29, 06:14
+1 {nm} Oct 29, 06:37
So, two questions Oct 29, 11:58
I wouldn't call out exact stock movements and questions... Oct 29, 17:55
I'm indifferent to the change personally. Will take some getting used to though for sure. {nm} Oct 29, 14:12
