I had the chance to look at a bloomberg terminal and did a screen for buyers over 2000 shares. I would say 80% were buying on up ticks. I dont know what is going on but I have a feeling we are in for some good news in a week. Informed traders keep buying. I dont think we will get over $40. There may be a sell off once the news is out.
Take a look at the detailed two-year chart if you are still wondering where we are heading.
1999 was the last movie years, it was quite a roller coaster but one thing was clear Pixar stayed over $40 for more than fifty percent of all trading days. There were just as many up days as there were down days and therefore many opportunities to make money.
This is yet another movie year for Pixar and therefore we are back on the roller coaster.
More important, Pixar releases its Q4 earnings report on next Thursday and it is expected to be a big one. When investors take a look at Pixar's numbers in comparison to the rest of the market they will take notice.
Pixar is stockpiling cash, assets, and talent. It won't be long before some of the bigger Institutional Investors and Money Managers start to take notice.