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DreamWorks Animation SKG Inc. Message Board

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  • interactiveMedia interactiveMedia May 21, 2008 3:59 AM Flag

    Any thoughts on SKG-Paramount deal ?

    DWA has moved up steadily, and it did not back off after last quarters earnings which I had thought would happen. In addition, Paul Allen dumped shares last week which normally would have made DWA share prices tumble. They didn't move down and found good support at $30. We closed at $30 yesterday after a market sell off. We are less than 3 weeks away from the much anticipated open of KFP. Two negatives would be that the movie does not do well at the open, and the certainty that profits from the film even if it is a hit will not be seen until at least Q3.
    You cannot bank on a buyout deal happening with Spielberg. That should only be seen as a windfall.
    So you have two options. Sell half of your shares now and wait until after the film opens
    to see if there is a dip so you can buy back in again. Second, sell all of your shares now and buy some 3 months calls. If it moves uop, you will see money. If it goes down you will only have lost a few grand...

 
DWA
26.08+0.16(+0.62%)Jul 6 4:00 PMEDT