Skedoosh!

Kung Fu Panda lost us money and it's all my fault! With a $60M opening weekend, it had a slight upward adjust, but I left it shorted. On top of that, it made an additional $6M on Monday. If it continues to keep up those numbers, it should easily pass its current (as of this post) price of H$163.59 over the next four weeks. We fully anticipate it to keep bringing in the kids and cash though, as the last truly kid-marketed movie was Speed Racer, and we won't have another until Wall-E on June 27th... which is why it's now longed in the fund.

Speaking of Wall-E, it's still bargain priced at H$183.21. I'm not sure if it's a lack of confidence in the market or what, but kids movies do well, especially in an adult-film (as in, target demographic, pervs) heavy summer lineup. Here's why I think it's under priced:

-Next kid movie coming out after Wall-E is Journey to the Center of the Earth. And that's Walden. We all know what that means.
-It's Pixar. Cars, which in my crazed mind was the worst film they've made so far, opened June 9th 2006 and grossed $60M its opening weekend, and was at $182M by the 4th weekend. Ratatouille opened this time last year at $47M, but it was a bit of a tough concept to get moviegoers into the theater.
-That robot is so cute!!! What soulless creature wouldn't want to see this movie?

That's all for now. Should be a new Fundcast coming soon, so keep checking in.

Happy trading!