HMNY) Has Finally It Reached The Bottom?

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MoviePass is lowering the monthly price of its annual subscription to $6.95 again, the movie-subscription service's majority owner Helios & Matheson Analytics Inc. HMNY , -5.11% said Friday. Shares are down 5% in Friday's session. The $6.95 price is available to new subscribers only, Helios & Matheson said in a release. MoviePass gives subscribers the ability to see one new movie a day in theaters for the flat membership fee. The service previously cost $9.95 a month. Helios & Matheson shares are up 17% over the past 12 months, while the S&P 500 SPX , -2.10% is up 13%.
Shorts are pretty much in control of this one for now. Until some outstanding news breaks, they will keep pushing it down on any kind of overall market weakness. RedZone is being spun off, shareholders are getting shares of a brand new company. Analysts are agreeing that subs will skyrocket in some years. Black Panther keeps breaking records and people keep going to see the movie. It's still not enough until they rly break the industry by partnering with a movie theater, which is what everyone really wants to hear.

Other ventures could be profitable, but they need a big name associated with them to really break above resistance levels and break out into better technicals/charts. Here's hoping we're close to that and therefore finally at the bottom. I'm not touching my 25k shares for a long time. This is a smart play and already disruptive. It's just a matter of time, execution and perception.
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