Nice pickups over the weekend on the Saturday IPO and the various games. My 90 day chart is almost re-populated since the February reset, but more importantly shows a steep increase.
Deal With The Devil continues to be a dog of a stock I’m glad I shorted. Out of Lionsgate, there is no one attached to the stock now and it’s floating around at just over $3, down from a 52 week high of nearly triple that. This is one of the rare stocks that don’t reflect the HSX community’s fixation with comic stocks because this is an adaptation of a Mark Miller book. If you haven’t done so yet, it looks like a fine short at $3.44
Appealing to a younger demographic, but sliding just as fast is the Goosebumps adaptation that no one seems to know what to do with. I’m reminded of when studios were desperate to make a Mario Brothers film. Bob Hoskins surely would like us all to forget that particular movie. Goosebumps is down again–nearly a dollar this month and $2 for the season. At a much higher price of $7.02, it’s a fine option to short.
Concepts, my favorite category to short, continue sliding as well. While I would love to see Anthony Hopkins in King Lear, no one has the project despite a trio of beauties in Naomi Watts, Gwyneth Paltrow and Keira Knightley. Shakespeare is usually a tough sell in modern box office. This cast would make the film much more interesting, but no less accessible, which is why it’s now down to $4.35.
And finally in the shorts section, Wolfgang Petersen has Sony backing a scifi thriller called The Uprising. I’ve been shorting this one forever, and it’s under $6 now after a nice long stay in double digits.
Today’s exciting IPO (I think we can ignore the Attica reboot) is Hoover, a biopic of everyone’s favorite transvestite lawman. Brian Grazer and Ron Howard, with more than a few “based on a true story” hits have the screenwriter responsible for Milk on the script. Now get this: Clint Eastwood is directing Leonard DiCaprio. Interested yet? Swap out Leo for Matt Damon and it wins 3 Oscars instead of being nominated for them, but if this puppy gets made, we’ve got a must-see film the month it is released.
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