Friday, December 31, 2010

 

Judy picks another possible buy-out winner: IMAX

By Dr. Wish

Yesterday, I bought some call options (actually a bull vertical spread) on IMAX because it bounced from support. I have been following IMAX for years because my stock buddy, Judy, had alerted me to it, in April 2008! Judy liked the 3D theater concept. Check out my first post on IMAX. Judy tells me she first bought IMAX at about$1.25 per share. It is trading premarket today at $30 based on buy out rumors. Over the years a lot of Judy’s “concept” stocks have been bought out by other companies. From time-to-time I post Judy’s picks. Here is a monthly chart of IMAX. (She obviously bought IMAX cheaper before 2008.)


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