I was in LGF from about $12 to $16..got out..wanted to get back in and kept waiting for a pullback..never happened...kept going...no pullback..still no pullback..will there ever be one?? I definitely want in before enders game and hunger games..just not sure when the best time to pounce is..any suggestions?
Institutional money was going into the stock today. LOOK at the volume. There may be a pull back when the market takes a breather. I've held the stock since 2004 and increased my position over the years because I believed in the company and what the management was doing. If you want back in wait for a profit taking day - it will happen. Most times the price will fall back to fill the gap before resuming upward move. If you do get back in you may want to hold, if you believe in the franchises the company has currently, and the ones they may launch in the future.
The Dow reached a seven-year high today.
The simple recipe for LGF: avoid big theatrical bombs; so far, so good this fiscal year.
Will there be a pullback? There's always a pullback.
Question is when and where.
Better to not play the short-term bounces, but remain long if you like the story.
I like the LGF story.
I definitely love the LGF story..and I am planning on staying long..just want to get in at the best time..a 4% run up today may be from some hype of warm bodies..or the fact the market was on a tear..may wait til after earnings and see how the street digests it