Monday, October 8, 2007

IMAX is good

I read a lot of news and catch that IMAX is a good buy. So finally, I bought 150 shares of IMAX at $4.31 on 8/28 and sold at $4.78 on 9/6 representing a 9.82% profit in about a week. I'm glad I sold it during its peak since after that, a news about the company manipulating the book, the stock price goes down badly. One thing I learned from this trade is the IMAX stock price was hyped by a lot of financial blog telling the stock as a good buy, you just have to catch it sooner before the story spread even wider.

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