TWC Now or Never?

[JeffreyO]

TWX has been in a downward spiral for the past five years with major hits bouncing their revenue and overall stocks up but falling quickly again due to the current situation regarding pirating of movies. Time Warner makes most of its money now off of major hits and speaking of major hits... The Dark Knight comes out this weekend.

Let's face it, almost every one of us who enjoys movies or has our childhood super hero's enjoy a great comic book movie but even more so as it's the last farewell to an excellent actor.

TWX's stocks are within pennies of their 52 week low. I think I'm going to dive in first thing on monday and watch the stock carefully for any swift movements. It's my guess that this movie will help the stock to, at least temporarily (for a few weeks/month) skyrocket and lead to a strong 3rd quarter.

Thoughts anyone? Agree/Disagree?

[Airelon]

Well, I'll say this much ...

You've got me pulling up TWC and TWX on my charts now, and giving it a look over. I'm not sure how much a single movie can affect the stocks price - however a cash cow that is at 52 week lows always attracts my attention ...

[JeffreyO]

I meant TWX not TWC, don't know why I said that first... Yeah, it may not be able to make a 'huge' change in the stock for long but short might not be a bad idea. this morning the news reported largest 1 day opening of a movie ever. I wouldn't be surprised if we see some large increases in the stock during early trading hours.

[Stocktrading101]

Not much activity from Time Warner. Even at today's close of $14.51 the stock looks like it could have some more downside.

[JeffreyO]

Originally Posted by Stocktrading101

Not much activity from Time Warner. Even at today's close of $14.51 the stock looks like it could have some more downside.

It has seemed a bit nuetral. I was holding off of going into it until I saw some relatively good news from the company. I'm still going to keep my eye on it but it definately hasn't blasted off the way I thought it might.

In good news my BAC & INTC are doing well =D.

[HitHard17]

Good call on the bounce off the $25.50 support level; however, the stock seems to have slowed into resistance near $30; good news is it moved right through both its 50 and 200-day Moving Averages which is bullish.

If the stock pulls back to $28 or so and bounces, it may be good for a run up to $30.50 or higher. May be good idea to take on a 2-lot position; once the $30 target is hit, take 1/2 off and put a trailing stop of $.75 on the remainder.

Good luck with TWC! -Chip