Cinema Rides (MOVE) Message Board

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Microcap & Penny Stocks : Cinema Rides (MOVE)

MOVE 5.727

+1.2%

Nov 3 3:23 PM EST

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To: Lee Bush who wrote (32)	8/28/1996 11:54:00 PM
From: Candle stick	of 75

This is my take on the Iwerks issue....... Iwerks has announced plans to open an entertainment center in the old studio 54 on west 54 th street in Manhattan. There are several key differences to note; 1) Cinema ride has a far superior location at 42 cnd street and 7 th ave. There is tremendous pedestrian traffic- a great deal of it tourists...they are street level in a refurbished movie theater with a brand new marquis that can be seen 5 blocks away throughout Times square- Iwerks is off the beaten path too far west and not in a pedestrian area- as a matter of fact this was formerly a topless bar after studio 54 closed(they are usually in out of the way places) 2) To my knowledge Iwerks has not even begun construction- Cinema ride will open on Friday August 30. The renovation is spectacular and business should be booming from day one, 3) Cinema ride is a simple operation, just 3 ride capsules and a 10 minute attraction- however the rate of turnover in this location should be substantial(did I mention its just 1 avenue east of the port authority bus terminal and lots of business people walk by everyday after work- I think lots will stop in to have a little fun for 15 minutes)--Iwerks will be more of an entertainment center with the thought of planning a trip there necessary to make the trip worthwhile-Cinema ride can work on impulse. 4) In all I think that Iwerks will have no effect on Cinema ride at all. I think Cinema ride can stand on its own merits, and the financials speak for themselves- the stock is thin -about 2 million shares and the revenues generated could approach 5 million dollars(this is just my opinion) and income should be on the books immediately. See my earlier posts for a run through of the numbers. And most important I rode one of these rides in Vegas- I'm sure it will be a hit in Manhattan- it really was a great ride and there truly is nothing else like it. I think the stock is being marked down by the few market makers there are because they all went short on the recent runup to two dollars- they need to cover- first they markit down and shake out the weak hands then when the place opens and the press releases flow they will run it up again - the difference being that this time it will stay up since money will be coming in.Looking for easy 3 dollars by yearend .

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