Greg, You are entirely correct that Pixar is not a good trading stock, and I did not mean to imply that it is. It's spread is usually too wide, it's volume is relatively constant,it is largely driven by small blocks of individual investors (low institutional holdings), and usually drifts upward & downward slowly, over many days. When I bought my initial investment of PIXR, it was after all of the Toy Story hype, in early summer of this year. I had watched it since it's IPO, however, but felt it was not a good risk at that time & shortly following the IPO. PIXR, for me, was a midterm hold, and I had always planned to sell it out on any upward movement during Q3 or Q4 of this year. Of course, it went through hard times this summer, like everything else basically, & it's recent run to 20 was great. Now, I am holding my new position until closer to Xmas, and we have seen some upward movement again at week's end, probably more due to the bullish market conditions this week, but possibly due
to some increased interest because of the video release. I will not hold the stock if it does not perform in the short to midterm, but in the meantime, there are plenty of other excellent trading stocks that I play daily or weekly. I would share them all here, but if I am wrong, I will look like an idiot, and I don't want to be embarrassed too much on this thread!! :) Watching PIXR (& Toy Story, over & over...), Vicki |
