“Don’t let the fear of the time it will take to accomplish something stand in the way of your doing it. The time will pass anyway; we might just as well put that passing time to the best possible use.” – Earl Nightingale
While I despise holding stocks overnight I have $UEC and $EKSO short. Both look to be setting up pretty nicely. I’ll admit with two positions to manage I’m a little distracted building a watchlist. But other than $JRJC nothing else really jumps out. Ideally I’ll be out of $UEC and $EKSO pretty quickly then I can transition to digging for post open late day fades.
Well after taking Friday off for meetings and other misc, I had hoped to come back to a much more interesting list of setups. But there is not much at all that captivating. I have a few on watch but nothing I’ll be looking to trade out of the open. I’ll be watching and stalking till mid day it looks like.
As part of my ripoff of James Altucher’s daily practice I make it a goal to come up with 10 ideas every day. Just like James says most of them are shit, but every now and then you get a gem. And without pumping out the trash you will never get the good idea.
Anyway my local small town Theater is in danger of going away because they have been unable to raise enough money to complete a VERY expensive digital conversion. This conversion is required because no film is being produced anymore.
My family and I love this place and would hate to see it close. Its always bad to see a business on a small town main street close, but for me its doubly so when its something unique like an old school theater.
Below is my brain dump of ideas this morning, I ran past the required 10, but most of them are shit, there are a few decent ones and a lot of rabble in the middle. I tried to focus on things that were cheap or free, a lot of them would simply require a lot of phone calls and in person meetings, almost zero budget.
Here is a link to a short documentary that details a very similar sitution the Crystal Box Office is facing: Going Dark: The Final Days of Film Projection http://vimeo.com/101235645
Excuse the typo’s/punctuation, I just try and get them out of my head and on to the page as fast as possible, very little filter.
1. Kickstarter – lots of baggage, but tons of other small theaters are using this successfully.
2. Web page specifically geared towards digital conversion, shareable, SEO friendly/need top match on google for “Crystal Movie Theater”, easy and short URL. Make sure its SUPER easy to donate, Credit Cards/Paypal/bitcoin/donate merchandise.
3. “Viral” video, Dollar Shave Club ripoff etc, tell story but make it zany, funny, memorable, likely to be shared.
4. Contact EVERY media outlet in increasing concentric circles, Radio, TV, Print, include large markets, the local radio station and newspaper would be easy, but badger the bigger outlets, WoodTV, Grand Rapids Press, Lansing State Journal, Detroit Free Press. Nail the story and the sales pitch and don’t give up till they cover it. Sell it as a “Michigan” local story. Even approach national press, USA Today, Wall Street Journal. Couple minutes of phone calls a day and the willingness to get shot down repeatedly, but his could have HUGE rewards.
5. Pure Michigan, badger for coverage.
6. Contact local large theaters for slides before their shows, might be tough sell if they perceive it as competition. But make a sales pitch that Crystal is no way in actual competition with the local Imax Megaplex, and saving a small historic theater is good for all theaters.
7. Direct mail postcard, expensive, but I think could be HIGHLY effective, if I got a postcard at home with SAVE YOUR LOCAL THEATER with a link to a flashy web page and viral video. I would for sure visit the link.
8. Old school flyers, blanket gas stations, grocery stores, anywhere there is a public bulletin board. Libraries/restaurants.
9. Hold “theme” nights with old movies (analog), i.e. Rocky Horror Picture show, or “Western” night or “20’s night” “Zombies Night” encourage costumes and post pictures to social media. Invite media coverage.
10. Approach local high net worth individuals for investment, taking investors/giving up equity, always ends up sucking in the end, but still a valid idea.
11. Seek out regional documentarians, Vimeo etc, try and get them to do a Documentary on the dying local theater being killed off by digital conversions not by lack of customers.
12. Come up with contrarian marketing message and pump, instead of the same old “Save our Theater” try DIGITAL SUCKS!! Gets people to click/check it out. Then explain even though digital sucks (tongue in cheek) we need to make this conversion to survive. #digitalsucks
13. Contact celebrities via social media, especially Michigan based movie actors i.e. Jeff Daniels
14. Contact high school/college journalism media classes, have them do a class project to document the plight of digital conversion.
15. Sappy video, even though I prefer the “Dollar Shave Club” method, could also pull on compassion, though not fond of this whiny approach.
16.Contact Medium to Large corporations for “feel good donations” a 50K grant from GM or Ford or Dow Chemical is a drop in the bucket and they might just do it for the promotion.
17. Contact local/regional business with large social media following/mailing lists and asked to be linked on their social media/emailed to their list.
18.Get a mascot “Dopey the Digital Dog” or even better a cat, people go nuts for cat photo’s on the internet…
19. PROMOTE PROMOTE PROMOTE!! Current webpage has no update in six months. Keep content fresh.
20. Approach and badger local and state politicians for help/promotion. Probably pointless but once and a while you will get something useful out of a politician.
P/L: -$50 bucks or so.
Didnt crack $5.20 and I’ve watched it for two hours, will keep on radar for later.
Stop: HOD’ish – $5.50
Target: Red pull, low 5’s
R/R: Waited for $5.40’s to get toppy, please with my patience.
Had this on watch and stalked it and waited, so happy with the way I entered.
Tried it again, annoying that I’m trying to short a real company with a strong stock. Dumb
R/R: Not great, this is a breakout.
Stupid type of trade, “trying to get back even” with it on the day. Double top at $13.40 and potential HOD rejection.