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Author: SoMch2Knw Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 36686  
Subject: CLimax Date: 9/6/2012 12:35 PM
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After reading the following it took me 2.3 seconds to go-long IMAX today below $20pps:

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http://beta.fool.com/mhenage/2012/08/23/building-cl-imax/982...

"For the remainder of 2012, there are two big hits still left. The first is one that is already in theaters and that is The Bourne Legacy that has had a good opening. The second big hit is expected near the end of the year and that is The Hobbit: An Unexpected Journey. Next year has at least four solid blockbuster films lined up with the Star Trek Sequel, Man of Steel, The Hunger Games: Catching Fire, and The Hobbit: There and Back Again. These pending big films should drive viewers into the theaters and improve results for both IMAX and its competition"

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I've been following IMAX for some years. Traded several times, always long with a LT horizon. Things are lining up: typical increase in fall/winter season, the above line-up sounds Awesome (specifically, Hobbit), ugly ST chart but support below $20 (I'll add to the position I bought today if we are lucky enough to see $15pps).

ST - http://stockcharts.com/h-sc/ui?s=IMAX&p=D&b=5&g=...
LT - http://stockcharts.com/freecharts/gallery.html?IMAX

Anyone aware of something I should be concerned about??


SM2K, aka Tye
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