Lions Gate Entertainment Corp (LGF.B)

[starbuxsux]

My first buy here was $12.85 and then I averaged down to a cost basis of $12.17. I have a little over 2000 free shares at that cost basis. The rest of the time I've been trading this thing to no end. Sometimes like when Catching Fire missed opening box office estimates by a hair this baby can drop hard and profit takers and shorts get the upper hand, but we have turned a corner, and the latest news has been great leading up to the 3rd Hunger Games premier in November(Mocking Jay) which should IMO continue to drive the share price higher in anticipation of a mega opening weekend. If I'm right and that is what happens the share we have will only increase their value. If another box office miss should happen (which anything could happen) then having a trailing stop on a block of shares of say $0.50-$1.00 would lock in profits we will see from now until then. I think at this point there is no reason to sell ALL our position...there is much more to the Lionsgate story and from the looks of it we are going to be here until the end credits.