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I posted hlyw as a possible head and shoulders formation the other day on this board.(i think i stole idea from you)

http://stockcharts.com/def/servlet/SC.web?c=HLYW,uu[h,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

I didn't get much of a response, but it has been going down on high volume. I saw it as a head and shoulders with a neckline at 17.5, so i didn't short until it broke that. From the chart, i see 15 or 12.5 as good places to cover.

From a FA standpoint, there is the debt, stock sales, and valuation negatives that you previously mentioned, and some strange things going on in the financials, specifically with COGS, that i haven't had time to take a look at closer. I also think hlyw is the second best company in an industry that might be dieing. It seems to me that once most people have the technologies in their homes, noone will need to go out and rent movies. For these reason, this stock might be headed lower than the other two targets.

My main concern is that with the current economy, people might rent more movies and go out less.

Anyways.....i'd like to hear yours or anyone elses thoughts on this one

J
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