G.I. Joe is looking to have a big opening of around $50 Million+ and I really cannot understand why. I don't like the trailers and I think the plot looks silly but the hype is building and this movie looks to be another mindless summer action movie that does really well at the Box Office. The G.I. Joe franchise has been around since my father was a child and millions of kids have grown up playing with the action figures (myself included) and watching the show on T.V. I have not taken any position on this movie because I personally don't think it will get good word of mouth and do well, but the amount of theaters at 4,007 and the sudden turn around in they hype of the movie has deterred me from shorting the movie. Online ticket sales are doing well and I am not going to make a bet I am not comfortable with. I am fine with just sitting out and watching what happens.
Julie and Julia looks to be a hit with Meryl Streep and Amy Adams. I consider both of these actresses very, very, good and I think they are going to make another hit by counter-programming against G.I. Joe. I have not taken any positions on this movie either because
With regards to Perfect Getaway, I think the movie has the potential to be good but I think it is going to be crushed by the competition this weekend. I have not taken positions on any movies this weekend.
Weekend Predictions
G.I. Joe - $45 Million
Julie and Julia - $21 Million
Perfect Getaway - $5 Million
I know I said I would post Part 2 for Health-Care Reform but I forgot what day it was and that will be posted tomorrow.
GI JOE MONSTER LONG! Big haul for me if these estimates hold up (even if they are off by $5m for the weekend)
ReplyDeleteG.I. Joe is big, congrats MMB. I knew it wasn't a good idea to short it. At least I got out of the way.
ReplyDeleteI shorted some $55m in the 90's last night. Let's see if we can get a repeat of Transformers 2 and shave a million or so off the estimate for the actual.
ReplyDeleteI think it will happen. I went long on $55 Million for 55 and I have sold it at 80. I have some contracts going long for Julie and Julia on $20 Million that I bought on Friday after I posted and bought some more on Saturday. I'm biting my nails on J&J.
ReplyDeleteFrom one of my sources that is usually right.
ReplyDeleteJ&J: 20,027,956
BOM makes it official. Congrats on the J&J...that's the narrowest box office win I've ever seen lol. I love seeing all 3 movies really close to the price breaks.
ReplyDelete