I agree with you and I might add, "Don't forget about the plight of the shorts who may not be squeezed by a shortage of stock to borrow, but face an ever increasing need to put up and more capital to keep their accounts marked a rising market in Imax stock, plus the possibility of incurring increasingly greater eventual losses if they find their reasons for shorting the stock turn out to be wrong and they decided to cover at unacceptable losses.
The covering of their collective 12 million share short positions, if it turns out that way, should move the stock even higher. I witnessed this happening when I was long 250,000 shares of Tesla recently and for a while was collecting a 30% premium per annum for lending out my shares to short sellers who had to borrow.
I thought I made a killing in Tesla stock, but sold the last of my stock way prematurely at $70, only to see it go up another 100 points weeks afterwards. Imax is no Tesla, but it doesn't have to be and I hope I resist the temptation to sell just because it goes up too quickly and I have a large profit.
By the way, this message Board has some of the smartest and best informed investors I have ever seen for a group of non-insiders. Reading your discussions, I have come to realize Imax is a far more complicated and difficult to manage company than I had previously realized. Especially since it has become such a global company. I would like to say thank you for that.
Would you please quantify approximately how much money
you made by shorting the market in 2009?
It might help some of us in taking you more seriously?
I took the trouble to see the Wizard of Ox again in 3D wearing glasses at the Miami Imax theater, having first seen it some 75 years ago when it first came to our neighborhood theater in Brooklyn, New York. It was as fresh and exciting last night for me as it was then, if not more so because of the larger screen and 3D?
However, it was a Friday opening night and there were but nine people in the disappointingly small audience.
From my standpoint, the picture is a thoroughly entertaining, highly creative,
beautifully photographed and acted, and totally engrossing movie masterpiece. I left thinking, why don't they make movies like this anymore?
To think they put this together way back THEN!
I got there early to avoid the opening night crowd which never materialized,
and sat through a half hour of coming attractions with their slam bang action, loud noise, and much cartoon story telling.
If the rest of the world were like me, and learned what they would be missing if they didn't take the time and trouble to go and see it, this replay
will make a fortune. I ask those of you who can, to go and see it, and tell us
what YOU think? If we get a variety of answers, maybe moviegoers likes and dislikes are too subjective for one outside the industry to heavily invest in or bet on by owning stocks?