�Investors are willing to value Dreamworks at par with Pixar� . . Why would they do that? Ah, because you can buy twice as many shares as Dreamworks as you can of Pixar for the same money! Dreamworks obviously has more potential to rise rapidly.
Who in their right mind is going to pay $80 for Pixar? If Pixar were a new IPO then maybe.
Oh, that�s right �Institutions own 100% of the float�
check your 10 year charts if your memory fails... but about 10 years ago, Pixar IPO'd in the high 20's ...went quickly to $50/share on similar hype/IPO frenzy ...then shorted eroded back to support in the low 20's.
from there, it could only manage to reach 26.75, before falling to the next support level in the $12s.
CNBC is as guilty of "sensationalism" as any media - and that's euphemistic for the hyped view offered today.