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Lions Gate Entertainment Corp. Message Board

  • empiredh empiredh Apr 2, 2012 9:49 PM Flag

    Let the stock drop, better for me

    I currently own 30,000 shares at average price of $13.98. I'm usually a swing trader but I like to hold 2-3 stocks long term (long term is over 6 months for me). I hope this drops to 12.50 so I can really load up. I just don't see how this success will not improve their value..even at current price. Like "The Hunger Game," or Not..they just got their name out there. The movies that they make from here on out should have bigger following fans. I see this stock easily hitting $17 by end of June. Regardless, they just got their name out there with the big boys...I just don't see any downside for this stock, especially for long term holder. If they get another big hit this year, the buzz will be endless since the company's biggest opening weekend before "The Hunger Game" was ...like 40 mil?

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    • Thats an idiotic way to do business. How about instead, you short it wile it goes down to 12, and then buy back in at a much more attractive price. Then if it goes to 10 or 11, you can use your strategy and dollar cost average in those prices. But there's no reason to be stubborn about being long with a stock that is obviously going to retreat considerably.

      Just because you are long doesn't mean you can't take advantage of obvious swigs. It's dumb not to.

      • 1 Reply to sdizazzo1
      • Timing the market is the hardest thing to do, and most of the time people will lose trying!!! All we can do is guess what the stock is going to do in the short term, but if you look at the long term story, everyone is saying it is a buy, so I'll stay patient and buy the dips! Look at what happen to those people still waiting for apple to retrace back to 400... They would be happy if they can buy shares at 550 now.

    • let it drop $1.50 with 30k shares? no sweat? really? they got their name out there? really? tyler perry is no shab and neither was the twighlight series.

    • Agreed, except I have mostly May and June 15 calls bought in the 13's - which are getting killed. Bought more underlying today under 13.30. Anything around 16 is a double for me so we need to retest that high. I think 20's next year are in the bag. LGF has made a 500% move in the past and it will again.

 
LGF
32.41+0.10(+0.31%)Aug 29 4:00 PMEDT

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