12:50pm (EST)
The bulls are taking a breather as they prepare to take the market higher over the next few weeks. Of course, the bears are still playing and they are getting a little action today but we think the trend is still up.
The Dow is currently down 20 points to 10,545 while the S&P has slipped 2 points and is at 1,137. The Nasdaq, however, is also showing a slight gain and is higher by 4 points to 2,330.
We got some more rhetoric from the President concerning HealthCare which could be weighing on the market. He also took another shot at Goldman Sachs (GS, $169.57, up $2.39) but the stock has been rallying lately off the $165 level.

Imax (IMAX, $14.92, up $1.20) is at fresh 52-week highs after taking in record sales for the opening of Alice in Wonderland. The movie was shown in 188 domestic Imax theaters which contributing $12 million of the film’s overall opening gross of $116 million.

These numbers represent over 10% of the overall domestic box revenues but the kicker is that Imax was only on 3% of the total screens. The company’s average screening was a whopping per $64,362 joint. Overseas, they made another $3 million on 53 screens. Wow.
Imax is a story we have been covering for 3 years and some of our subscribers have been loading up on this stock when it was under $4. We don’t buy stock but we have profiled several call options trades over the past few years that have done well.
The company announces earnings this Thursday.
We have a lot to cover in the Members Area so we want to get our subscribers inside. We also have NEW TRADE we cover in today’s update.
Tags: Goldman Sachs, GS, Imax, option picks, option signals, options alerts, stock options trading
This entry was posted
on Monday, March 8th, 2010 at 12:54 PM and is filed under Company Commentary, Hot Stocks, Market Analysis, Market Commentary, Option Trades.
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Market Mixed On HealthCare Concerns
12:50pm (EST)
The bulls are taking a breather as they prepare to take the market higher over the next few weeks. Of course, the bears are still playing and they are getting a little action today but we think the trend is still up.
The Dow is currently down 20 points to 10,545 while the S&P has slipped 2 points and is at 1,137. The Nasdaq, however, is also showing a slight gain and is higher by 4 points to 2,330.
We got some more rhetoric from the President concerning HealthCare which could be weighing on the market. He also took another shot at Goldman Sachs (GS, $169.57, up $2.39) but the stock has been rallying lately off the $165 level.
Imax (IMAX, $14.92, up $1.20) is at fresh 52-week highs after taking in record sales for the opening of Alice in Wonderland. The movie was shown in 188 domestic Imax theaters which contributing $12 million of the film’s overall opening gross of $116 million.
These numbers represent over 10% of the overall domestic box revenues but the kicker is that Imax was only on 3% of the total screens. The company’s average screening was a whopping per $64,362 joint. Overseas, they made another $3 million on 53 screens. Wow.
Imax is a story we have been covering for 3 years and some of our subscribers have been loading up on this stock when it was under $4. We don’t buy stock but we have profiled several call options trades over the past few years that have done well.
The company announces earnings this Thursday.
We have a lot to cover in the Members Area so we want to get our subscribers inside. We also have NEW TRADE we cover in today’s update.
Tags: Goldman Sachs, GS, Imax, option picks, option signals, options alerts, stock options trading
This entry was posted on Monday, March 8th, 2010 at 12:54 PM and is filed under Company Commentary, Hot Stocks, Market Analysis, Market Commentary, Option Trades. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.