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IMAX Corporation Message Board

  • joellehernandez@rocketmail.com joellehernandez Nov 19, 2012 11:30 PM Flag

    I NOT A BASHER OR SHARE HOLDER JUST HATE TO SEE ANYONE GET ROB BY THE BOG BOY'S GO LOOK AT

    selling today!!!!!! google it imax insider sell big get out !!!!

    Sentiment: Strong Buy

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    • The CEO registered to sell 450,000 shares on 11/1. As of today, 11/19, according to insidercow he has sold 381,000 shares. He sold 130,000 shares today alone (11/19) (and the price ONLY dropped .04 cents). This shows you there are smart shorts covering and/or smart investors grabbing those shares for the rise that is about to happen. The demand for shares is there. The CEO only has 69,000 shares left to dump (rather minimal). There are over 13 million shares sold short that need to cover. Taking approximately 18 days to do so. They need big sellers to cover there bets, (i.e. the CEO dumping). With almost all of his shares already dumped, the resistance keeping the price down (his dumping) is almost gone. Once his shares are dumped (probably before the end of the week -- maybe even tomorrow) there will be no big sellers left to unload shares (no resistance) and no large share amounts to purchase, once that happens, shorts will have to cover from retail investors willing to sell there shares, there will be a much less supply of shares available as retail investors, guys like you and me don't own hundreds of thousands of shares!! Without large blocks of shares to come by if at all panic buying will occur as the shorts will have to buy available shares at whatever amount retail investors will ask. Expect new 52 week highs very soon.

      Sentiment: Strong Buy

 
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