What I'm Trading
Sunday, June 6, 2010
What We've Learned this Weekend: 6/6/10
Value hunting on a Sunday morning. What could be better?
SHREK cannot be stopped. The fourth installment continues to chug away, albeit at a pace well below the market rate of $224. At an average price paid of $233, I stand firm at shorting it all the way down to its anticipated delist price of $206.
PRINCE OF PERSIA persists in perplexing people. Now it looks like it won't crack $90 after 24 days, making my long position at $89 somewhat untenable. The second it bounces up 2%, it's time to chuck this film for no gain and steer clear.
With our more balanced portfolio now (no more 63% portfolio-hogging IRON MAN 2s; our top derivative is TOY STORY 3 at 29.2%) we are well positioned to enjoy the big box office of THE KARATE KID next weekend. Short MACGRUBER, stay away from SEX AND THE CITY 2 as well as PRINCE OF PERSIA...And stay valued, my friends.
Related Posts : MACGRUBER,
PRINCE OF PERSIA,
SHREK,
weekend box office
Tags:
MACGRUBER,
PRINCE OF PERSIA,
SHREK,
weekend box office
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