Market Watch week of 12/14 to 12/31 2009

[bassmaster]

dave, i revised my target on IMAX to $15...what do you see if you dont mind sharing?

[Dr. Dave]

IMAX back to 13.35 - good call bass - I think it'll come out ok

Remember AA reports on the 11th I believe, so things could start getting heated up then

[Dr. Dave]

dave, i revised my target on IMAX to $15...what do you see if you dont mind sharing?

Same as you - and $15 is the mark where it'll get picked up by IBD (if they still have the cutoff, haven't been reading it recently) and such - so there will be a little resistance there -

if it continues higher, I'm thinking $15 also can be affected by AA earnings.

Just going to ride it out... look for weakness.

[Dr. Dave]

NVLT may also be good if it consolidates a little, then marches past $2, and makes a new high

[bassmaster]

NVLT may also be good if it consolidates a little, then marches past $2, and makes a new high

ill keep my eye on it.

[bassmaster]

Same as you - and $15 is the mark where it'll get picked up by IBD (if they still have the cutoff, haven't been reading it recently) and such - so there will be a little resistance there -

if it continues higher, I'm thinking $15 also can be affected by AA earnings.

Just going to ride it out... look for weakness.

why would IMAX be influenced by a stock in a totally different sector - during earnings season?

[Dr. Dave]

why would IMAX be influenced by a stock in a totally different sector - during earnings season?

AA is the first key stock of the earnings season - IMAX is listed... so after a big run, if AA were to tank or some other heavy weights, we could be taken down to where we started, things can change during earnings season, and AA is the first biggie to report - it's also not AA in particular, but that's the start of the season, so just have to keep a lookout as to where things are headed. You mentioned a big thing on them on CNBC, for all we know, they could come in great, but give a bad forecast...

[Dr. Dave]

Good if IMAX closes above 13.38 - where the intraday consolidation is.
Also look at the weekly on cbai -

[Los Tiburones]

SAWEEET -

CBAI completed the pennant at target in a single day - normally this would be a sign to cash out - but with the volume, and solid white candle and closing above near term resistance - it could be a real popper tomorrow!!!

Geez what a day - lot of things exploding, but slept in too late - need to get back on dawn patrol.

Hey Dr.D,

What's your take on this so far this morning?

I picked up a handful earlier at a higher price (Just to stay consistent) -

Trying to unload all the other junk for the tax right off ... It's incredible, I don't think I could pay people to buy some of this stuff - Remember Chevy Chases' "Vacation" ? I'm thinking of the sequel in Europe when he got stuck in the rotundra (SP?) and couldn't get out of his lane ... It's that same feeling

[Alaska Guy]

Hey Dave....nope got out of cbai awhile back at .009. Looks like your doing well with it, I will prolly get back into it at some point. Until then....just watching and waiting for something good to happen with all my other positions.

Yeah...what is going on with OCNF anyways!

Happy New Years everyone!!!!!