buying IMAX stock at 35.44 area OVERSIZED for a swing

 

/b buying IMAX stock at 35.44 area OVERSIZED for a swing , initial entry into a new swing trade Remember for my discipline a stock entry is 5 times the money allocation an option entry. And with that said am planning on adding again later for we now enter the summer movie season and after a long drought of mediocre movie offerings, now we are going to see highly anticipated movies many of which are 3d and position IMAX to become a direct beneficiary. I believe that if the markets do not fall dramatically we could see IMAX move up to 60s for now they have more screens to benefit from this cycle in a way they did not in the past. The plan is to accumulate chunk by chunk till have possibly a 3x oversized stock stake and play this with multiple swings throughout the summer.

Posted in General Trading