After 300+ days of holding this when it hit my average share price today I sold. I prefer CNK, but really figured IMAX would have done better. The market is to high for me, i dont love this stock, and could use the money...very easy for me to sale today.
I have sold 75% over the last month 50% at 24.93 and another 25% today at 24.27.
I think the ceiling for IMAX is 26.00 and a floor of 20.00 at this level there is more risk then reward. Specially with the market so high(I believe a correction is coming) IMAX likes to tank more then the market when a correction happens as well.
I have to hold 25% incase the market ever realizes the growth potential IMAX has and takeover chances. I have had this stock for 4yrs and I feel part of me holding 25% is emotion which I know is bad but this was the first stock I ever done hit a homerun with.
Picked up some GLD today though for the first time.