posted 35 minutes ago
JPMorgan views the recent pullback in shares of Lionsgate as unwarranted saying "Divergent" is tracking in line with expectations. The firm reiterates an Overweight rating on the stock and believes current levels provide a "great entry point."
Id say if anyone could move this stock down this quick its JPM. Id say JPM loaded up before today. Id say LGF is set to present at JPM in a month. Id say LGF is all in to get the major players to take large positions in this stock. Id say we have seen the lows and can form a cup to bust out into knew highs on earnings as we spend the next month getting back to recent highs or above our 200 day. Id say that in a couple days we will see that management has priced their options today and tomorrow. Id say bacon isnt so bad for you if you eat it in moderation.
you may have that right. Fund managers have a tendency to book their profits after a stock such as LGF has a 200% run up. After the sell off they have an opportunity to get back in and enjoy the next leg up.