7.50 ish trades more then just one.
I want to sell and buy back tommorow but I dont know if there is some secret news going on behind closed doors for the reason of there being
1)trading in afterhours. IMAX never has any
2)the jump past 7.50 a very strong resistances point?
Great call on the resemblance to MVL. I also own MVL, not anywhere near as low as you bought in. I bought at 14-16 and still made a lot.
MVL wasnt making $ and everyone doubted they ever would. Well now they finance their own movies, no middle man.
IMAX has attracted blockbusters. Rumors of buyouts alone should spike this thing after T2 and Potter blow away the summer.
I owned this stock when it was $7 a few years back. If you liked it back then, you have to love where they are headed.
$8 by mid July and onwards to $10 at profitability. Dont think we will see MVL numbers and into the 20s-30s but mid teens is not out of the question as INT'L business continues next year.
It's the future balance sheet that matters. It's a known fact that IMAX has not been the greatest company to invest in recent memory, but they've turned the corner. They've lowered per installation cost and have attracted a great line up of films. Too bad you're stuck on the balance sheet, in the meantime I made a 40% return on the Star Trek momo play alone. I first came into this stock from a traders perspective, but now I'm eyeing this as an investor a little more. IMAX reminds me of MVL when it came out of bancruptcy. I bought in at $1.50, $2.27 and $3.47 and rode it all the way to $28.If I would have concerned myself with the balance sheet, I would've never bought MVL. If unhappy with IMAX balance sheet just don't buy it!
Yeah, so risky - IMAX will have one of the best quarters in recent memory. Yeah, too risky, with a quarter that had Star Trek and Night at the Museum 2, will feature Transformers 2 and Harry Potter. IMAX management has stated that they see profitability for this year, which is one of the reasons IMAX is moving up. And not to mention James Cameron's Avatar and Disney's X-mas Carol. Yep, too risky, I see what you mean.