Just about a week or so after Steven Spielberg (SSPIE) has Hollywood convinced that The Untitled Harry Potter Project (HPOTT) would be his next film, the Oscar-winning director has now begun to hint that Minority Report (MREPO) is his current film du jour.

In a remark made during last Sunday's Golden Globes, Spielberg kept mum about any specific plans, but did remark that he and Tom Cruise (TCRUI) had been working on Minority Report for the last 15 months. Spielberg's statement sparked a buying frenzy on the Exchange, as Minority Report gained a stunning 7 1/4 points by early Tuesday afternoon.

Harry Potter, on the other hand, dropped 4 1/2 points on the speculation. Historically, all of Spielberg's potential projects have displayed this sort of cause-effect connection. Last week, Potter made strong gains as Hollywood Dollars® quickly moved out of A.I. (ARTIF) and Minority Report. Anyone who had purchased Report on its downswing would have turned a tidy profit this week, with the film reaching the H$43 mark yesterday.

A.I., already bargain priced just below the H$20 mark, only lost 1/8 of a point on Tuesday afternoon. So far, A.I. is the only project that has not been the recent beneficiary of a Spielberg rumor. Maybe next week.