Exactly what IS he cooking, anyway?
Jonas Brothers (JBC3D) knocked us on our keisters pretty nicely. Post adjust has been a nice give back but you really can't compare gaining 600k after losing about 3 million on the stock.
It's amusing that Coraline has stolen back many of those 3D screens. Too bad that flick isn't on the exchange anymore.
But you know... IT DOESN'T MATTER THAT CORALINE ISN'T ON THE EXCHANGE ANYMORE.
The Rock says he's got a new movie coming out this weekend called Race to Witch Mountian (WCMTN) and it's going to hopefully layeth the smackdown on all the compeition.
We kind of have a small problem though. See, the stock has been in stronger flux than even most openers tend to be in the days leading up to their release. Worse, tracking and other website forecasters are widely varied on what they think the Disney movie will do.
So, I'll just tell it to you like I see it.
Race to Witch Mountian looks cheesy as all hell. The Rock looks patentely lost in his attempts to interact with those weirdo kids. And speaking of which, what is up with the Space Aliens? I don't remember aliens being a part of the original.
Still, the kid market hasn't exactly seen a big event movie in two weeks. Three weeks if you consider the fact that the Jonas Brothers big event movie turned out to be a terrible event movie.
I really wished the stock price wasn't currently hovering at the mid-70's like it is, because that means it needs around 26 million dollars to break even. That's actually right where I have my prediction set. So, unless something drastic happens, we don't expect much movement either with a LONG or SHORT position.
The possibility of this breaking out doesn't seem very likely (which means it probably will), but the fact that it could miss the target seems more so. Movies that star The Rock tend to reliably open in the near 20 million range so we're gonna stick with SHORT and hope for the best.
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