BnB
Suck My Ass
Registered: Nov 2000
Location:
Posts: 5131 |
For those that have no idea what we are talking about,
www.hsx.com
The key, just as in real stocks, is buy low, sell high. The biggest difference in HSX is that IPO's will appear off rumors only, and if produced, once a film leaves the theatres the stock cashes out. As opus found out, it's quite easy to lose everything by not playing smart. Until you can afford to lose 2mil in stock on a whim, don't even try for the big score.
The biggest problem I had when I first started was keeping an eye on the stocks themselves. The ticker they provided at the time did not allow you to put you own symbols up and watch their progress. It only displayed the big ones that they wanted you to see. (I haven't even tried theirs since so it may be better now, but I like my way so I stick with it.) I found a solution, but you have to risk a bit of cash here and there instead. Overall the investment is pretty minimal. Here are the basic essentials of the system, and how I play.
The Calender
On the left hand side is a link for the calender. The calender lists weekly any new IPO's , stock cashouts, and call or put options. It will become your friend.
IPO's
If you want to play the IPO game, don't rush into it. In my experience IPO's are generally overpriced for a short term hold. If you want to hang onto a stock 3-6 months or longer you may be OK, but there's a better way to make even more money.
Most first time movie stocks IPO between H$6-15 bucks a share. On an unproven script, with no attached talent that is just too much. (there are always exceptions, but trust me at first.) Usually there is a big buying rush on an acceptable IPO, which drives the price up. Then 3 days to 3 weeks later everyone realizes that nothing is going to happen with this stock for quite awhile. Everyone sells and the stock plummets. That's when you buy, if you really want this stock. If you are confident that the stock has potential, buy 1 share when it IPO's and just keep an eye on it. watch it fluctuate until it stabilizes, buy what you feel you can afford to risk, and sit on it till you are ready to sell, or it cashes out. This can make for a messy portfolio sometimes as you can have 30-50 single share stocks, just watching their progress and waiting for the right time to buy. I go through it when I get a page full, and just sell all the crap, keep the good, and start the process over. Here's an example.
HPOT2 (Harry Potter 2) IPO'd at H$15. Since the first stock (HPOTT) was currently trading at around H$40 (with an unfinished script, and no director or cast attached)this caused a buying frenzy, driving HPOT2 up to almost the same price range. Then everyone realized that it would be at least a year before the first one was even finished or released, and they started selling HPOT2 because most people are looking for the quick buck, not moolah down the road. I bought 1 share when it IPO'd. The price plummeted to around H$6 a share. I bought 45,000 shares for a long term investment. If the whole thing fell through I'm only out 300 grand. 3 months later they had the cast and director sorted out, raising the stock prices for both as public faith returned to the project. HPOT2 is currently trading H$60.63. If I sold my shares right now I'd make a profit of H$2,427,750.00.
quote: Originally posted by Paint CHiPs:
What were some of your best or most surprising (to others) stocks?
Lil' Pimp
quote:
Lil' Pimp, an cartoon produced in Macromedia Flash for MediaTrip.com, will break all kinds of ground when it hits the big screen. It'll be the first full-length feature created entirely in Flash, and the first film for creators Peter Gilstrap and Mark Brooks. And, of course, the protagonist promises to be the first pasty, white prepubescent pimp to make it big in Hollywood.
Lil' Pimp, a freckle-faced 9-year-old who looks like he stepped out of a Family Circus comic strip, spends his time keeping track of the hos on The Boulevard, along with his associates Fruitjuice and Nagchampa. The story also touches base with Lil' Pimp's role-model parents, his whores Yam Basket and Honeysack, and a gerbil with Tourette's Syndrome.
Revolution Studios, Joe Roth's new production company, is producing this project, which will be released by Columbia as part of a joint Revolution-Columbia deal. Gilstrap and Brooks (also the masterminds behind the Flash series Adventure Men on iFUSE) write and animate the show, as well perform the music and the voices. The two will have directing, writing, producing, and voice duties on the film.
This little gem is another excellent example of how to either make money or lose your ass at HSX. It IPO'd at H$8, and when I started actually mass buying it the price was H$2.83. I have 40,623 shares which are currently worth H$5.61 for H$112,799.83 profit. It'll prolly go strait to video and I'll lose everything, but it's a good example nonetheless.
I just read back over this, and realized just how long it really is. So I'm gonna stop now. Any questions that I can answer I'll be glad too.
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Sanity is the playground for the unimaginative.
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Send me thine daughters and wives willingly and by first class mail, for I hate waiting 4 to 6 weeks! - Straightman
[This message has been edited by BnB (edited 04-07-2001).]
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