Why are we not up?
People don't have jobs, don't go shopping, go and do things instead, hence IMAX should be up.
This makes no sense at all and is a HUGE buying opportunity is it not?
why not take profit yesterday why sell after the good news? Why go into earnings saying I'm going to sell at 9.50-9.80. If I was planning on selling from 9.50-9.80 I would of sold yesterday so you didn't have to take the risk of what if earnings suck.
Agree with your comment on why would you sell 9.50-9.80 after when you could have gone out stress free before.
I moved my sell on 1K shares to 10.25 and it didnt get there.
Now I will add to my position on a drop below 9.
No additional good news was given at the call.
Market is a barometer not a thermometer. Intelligent investors bought before the earning and are here to lock in their profits.
There is not much movement in the near term option. Market discount what is known. Good buying opportunity for amateur investor is also a wise choice for professional to take profits.
There are better things in life than sit and watch stock trade more than a million share and go up only 5 cents.
This market had a big run in the anticipation of world changing over night. Let us face realties, market has spoken and stock is now trading at what it is worth.
Graveyards are full of those who bought stock on the news.
Maybe you need a haircut.
I think is what is going on is some are trying to implement the advice given an analyst(do not remember the name) who advised to take profit when the stock hits $10 . The same analyst was bullish on IMAX yet mentioned that booking profits at $10 may be a good idea. Seems like there are many people out there who still trust the analysts.
This is the only reason i think of to explain stock behavior today after posting better than expected results. Market being down is not a good enough reason to explain stock's poor price behavior after good earnings.
I just get pissed when people sell off because of retail.
I have a job, plenty of money, and I'm not shopping much because there just isn't that much too buy. No change in trends clothing wise and no new gadgets, so I'm not buying. Why should this effect other sectors?
I still believe that in America, if you put out a quality product, that people want, they will find a way to purchase it. Look how many people have Coach bags who can't afford to send their kids to college.
It's the same reason IMAX made it through this recession. Good product= People buy it!
Retailers don't get it. let alone, I can't even go into a TARGET without being harassed by the help. When will retail wise up.
I like to take profit to right now, but I dont know how wise it is when they almost double what they were suppose to do. (.05 v.s .03)
Headlines will appear, upgrades will come. People who didn't like IMAX cause it hasn't mad money, now see it is making money. Also those that waited to wait for a profitable quarter(jim cramer) will start buying I feel.
Buy the rumor, sell the news. Imax released good earnings, but they were fully expected. It has had a big run-up, so profit-taking is to be expected. Now everyone is looking at the next quarter and HP earnings. I like Imax, but I think it will go down a bit from here.