Marvel is reaping the rewards of its hard work for weeks now. Iron Man is going to continue raking in dough throughout the summer because word of mouth is much more powerful than Hollywood schmoozing is.
With Narnia opening now, the kid tickets are being siphoned there which steals a little of the Marvel thunder, but not long term. I think Narnia has the family crowd, but Marvel has Iron Man and The Hulk as well as The Watcher coming out this year which puts them in a very good situation to capitalize on the summer/fall market without really breaking waves.
That being said, i didn’t like the negativity on Wall Street regarding Marvel and sold out my position today below my long target price. What I’m looking for here is the parabolic market to crumble and the contrarian investors to get back on board with a $36 target. It’s already there in the earnings.I just want a bigger slice of the pie.
Apple, (AAPL) continues to grow at an alarming pace but providing much needed/wanted tech services. Didn’t anyone else see this coming? I’m a Star Trek fanatic and they basically had the iPod Touch before it was even invented. Gene Roddenberry was a genius and a visionary.
I sold 100 shares of EMC today at $17.50 for a small profit and I’m letting the remaining 50 shares ride. EMC should be a $20 stock. Why sell 100 now and let the 50 ride? I like to take gains on the way up instead of waiting for the top because tops (and bottoms) are hard to predict. It’s better to take the gain when you know the upswing is solid. Now I can play with house money and let my remaining shares ride out the wave.
I own shares of MVL, AAPL and EMC.
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