IMAX Earnings on Thursday

1:30pm (EST)

I have mentioned Imax (IMAX, $6.86, down $0.12) here in the blog numerous times and most recently on April 23rd. Back then, the stock was at $6.28 and hit a high of $7.19 yesterday before fading. The company will report earnings on Thursday and here is what we can expect.

The company is expected to post a loss of 8 cents a share compared to a loss of 25 cents a year ago. I have written more extensively on Imax in the article section of OptionsMentoring.com and here is my point.

Although I don’t actively buy stocks, there are some that offer tremendous trading opportunities. If you have been following a stock for three years you should know how it trades. Imax trades between $4 and $8 and it is a great way to add income to your portfolio on trading stocks you know.

On March 8th when I mentioned the stock, it was at $4.10. If you had bought a 1,000 shares of Imax at the time, you could have sold it yesterday for nearly a $3,000 profit in just two months. If you had bought 1,000 shares on April 23rd, you could have made a “G”.

Now, the key from here is to not buy the stock today but to wait and see how it reacts. If we get a dip below $6 we will have to see what the company says before deciding to get in.

For those of you who don’t have a lot of money to trade options (yet) you can always start off by building a portfolio of good, quality stocks that are “cheap” but with serious homerun potential. Imax has that potential.

If Imax ever turns a profit, this stock will easily trade in the double-digits.

Rick Rouse
Rick@OptionsMentoring.com

]]>

Leave a reply Cancel reply

CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Blog