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Bought to Open IMQ BU at 0.15

MachoBacho posted on 02/07/08 at 12:16 AM (Note posted 1 day after the trade)
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Users Bought (30 Days) 0 (0%)
Users Sold (30 Days) 0 (0%)
Market Cap 0
52-Week High 0.00
52-Week Low 0.00
10 Day Volume 0
P/E 0.00
EPS (Trailing 12 Mos.) 0.0
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Bought to Open
Symbol: IMQ BU
Quantity: Not Shared
Price: $0.15
Value: $Not Shared.
Stop Order: No @ $N/A
Target Price: $7.90

Okay, it's not the same as a cold day in H for a stock like IMAX to shoot up beyond the 20%-some increase it would need in order to strike 7.50 by the time the March call options expire. If you saw what happened to DIS -- they recently saw a handy increase -- some of that is because of the effect of the blockbuster anna banana "HANNAH MONTANA & MILEY CYRUS: BEST OF BOTH WORLDS CONCERT" on Disney revenues. You could just look at the Theatre lines while shopping nearby for groceries -- you wouldn't be required to attend it as I voluntarily did in accompanying by daughter. When you see the effect this has on them, it seems like the Beatles all over again -- er, not quite "that big," I hope.

Anyway, IMAX share price took a big jump when they first obtained the contract to install their system in AMC movie theatres across the country. There's no telling what will happen before March expiration, so that's half gambling and half speculative investment. But it's shot up more than 25% overnight on the previous occasion and could do so again, and the cost of the option was cheap. 

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Posted by MachoBacho on 02/07/08 at 12:16 AM

Tag It | 1 user tagged it: IMAX, Miley, Cyrus, Disney, DIS

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MachoBacho

Member since: Jul 07
Trades 82
Trade Notes 16
Blog Posts 4
Investor
Age: 50's
Honolulu, Hawaii
MachoBacho
Posted February 07, 2008 (12:21AM)
Whooooops! Wait a minute, IMQ BU is the February call, but I also did buy the March call options. The rationale is the same:It's just that the day in H would be a little colder before IMAX could shoot up to 7.50 by the time of the February expiration. Still, it's not the same as a cold day in H for a stock like IMAX to shoot up beyond the 20%-some increase it would need in order to strike 7.50 by the time the March call options expire. If you saw what happened to DIS -- they recently saw a handy increase -- some of that is because of the effect of the blockbuster anna banana "HANNAH MONTANA & MILEY CYRUS: BEST OF BOTH WORLDS CONCERT" on Disney revenues. You could just look at the Theatre lines while shopping nearby for groceries -- you wouldn't be required to attend it as I voluntarily did in accompanying by daughter. When you see the effect this has on them, it seems like the Beatles all over again -- er, not quite "that big," I hope.

Anyway, IMAX share price took a big jump when they first obtained the contract to install their system in AMC movie theatres across the country. There's no telling what will happen before March expiration, so that's half gambling and half speculative investment. But it's shot up more than 25% overnight on the previous occasion and could do so again, and the cost of the option was cheap.

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