MOVI is no longer valid. It has changed to MOVIQ.PK

[lbotez]

you are nutz shorting this stock;  the float is 50% short already; one bit a news and $10 will be here.

pick another one that isn't so dangeous.

[Terliso]

you are nutz shorting this stock;  the float is 50% short already; one bit a news and $10 will be here.

pick another one that isn't so dangeous.

No I'm not nutz...The volume is low so I did not trigger my short position.... Though I could have make money if I put a limit order around my opinion price

[lbotez]

you may have made a few cents off today's market crash, but there are plenty of better shorts out there.  This one is sitting on a roman candle.

pick something with BAD news AND market tank.

[ScottishTrader]

Not much posting on MOVI lately (probably my fault too) so I thought I would make a quick post.  After getting out of my original position around 7.20, I swung this a couple of times, and went long again at the beginning of the week when it hit 5.35 support (Got filled at 5.43).

After the crazy day last week when a bunch of short stops must ahve been taken out, I thought we were off to the races, and held through it, but it would have made a very nice quick swing trade.  Anyhoo, right now I think the chart is looking very positive.  We have what could very well be a cup n handle formation pretty much developed, with support at 5.85 and below that at 5.35.  The last couple days action has been pretty weak while most of the market has rallied, but now the quarter is over, I think we sould see an anticipatory earnings run.  While it isn't clear whether they will surprise to the same degree as last quarter, average estimates still are only .08 EPS for the Q, which MOVI should absolutely cream.

Despite the pullback, MOVI looks to be under accumulation at these levels, with the 200MA supporting the pullback and a 200/50 golden cross approaching.  With the continued and increasing heavy short interest, there is every opportunity for those shorts to get caught with their pants down.  In any case I think many may not risk staying short through next earnings.

Short term I'm looking for a trend change as this consolidation phase moves into pps appreciation, with a break over $7 in the next few weeks.  I wouldn't like to see it close below 5.85, and may sell to protect my gain if it does so.

[jpm]

Hello

This stock walks stranger in the past day 27/06,somebody and in one only block,placed an order of 400.000! of purchase to best in full market ace 11 a.m. and the quotation went up in 5 minutes of the 5.53 for the 7.50....another reazon is the profits records told in May 2006 (1.24 per share) and July of 2005 was to quote in $30 and with these results this in 2006 in $6!!!!!!

Force PORTUGAL win world cup soccer in Germany

[Terliso]

My MOVI has gained 150% so far. It took 30% of my portfolio money.

First bought at ~$5.5, doubled it at $3.00+,  doubled it again at $2.00+.

Check my website at www.whitePineInvest.com:.

I'm going to sell all of it at strength today or in the next few days
and use the proceed to buy AMD: FIRST bought AT $30, will DOUBLE IT AT $20,
DOUBLE it AGAIN at $10. I just buy one stock using tons of money. The stock has to have enough liquidity.

With the gain from MOVI, the portfolio gained 80% this year with only about 15 trades and reached one million dollar mark for the first time within 5 years.

$50,000 initial investment (2001/06), added $140,000 (2004/07). It becomes 1 million dollar portfolio within 5 years.


I am looking for two million within 18 month. I am looking for 100% gain from semi rebound for year end rally.

Hey Shawfund, did u double ur position on AMD like you said?

[AussieTrader]

Traded MOVI a little while back and still on my radar. Another nice run just taking place and they announce earnings on Thursday pre market. Chart wise MOVI is stuck between a channel created by the 200sma as its base and the 200ema as its ceiling, making lower lows and lower highs since early June. I'm not gonna trade MOVI again yet, and will watch for earnings and subsequent reaction to it. Most likely outcome will be failure at the upper level resistance again, so shorting above $7 with tight stop would be interesting. Wondering if 50sma will support and set up a channel change?

[AussieTrader]

MOVI sent back waiting at that upper channel resistance and now waiting just below. Doji today shows everyone waiting to see which way this is gonna go.

Will watch today and see.

Good Trading

[AussieTrader]

I'm not gonna trade MOVI again yet, and will watch for earnings and subsequent reaction to it. Most likely outcome will be failure at the upper level resistance again, so shorting above $7 with tight stop would be interesting. Wondering if 50sma will support and set up a channel change?

Would have been a nice short MOVI 

[joet]

Any-one feel that MOVI will recover at all?  Some-one was buying those 20M shares today!  I sold most of mine before earnings (luckily) but held on to 100 shares, there has been rumor of a buy-out... perhaps the goods are too damaged now...
Any-one see any reason to hold any?
Cheers Joe

[REALDEALS21]

NEWS.............

Movie Gallery Makes $17.9 Million Interest Payment to its Bondholders
Wednesday November 1, 11:50 am ET
Company Anticipates Compliance with All Debt Covenants for the Remainder of 2006

DOTHAN, Ala., Nov. 1 /PRNewswire-FirstCall/ -- Movie Gallery, Inc. (Nasdaq: MOVI - News) today announced that it has made a $17.9 million interest payment to holders of its 11% senior unsecured notes, which are due in 2012. The interest payment to bondholders follows Movie Gallery's $28.4 million term loan principal and interest payment to bank lenders at the end of September.

Although there can be no assurances regarding Movie Gallery's results for the remainder of fiscal 2006 or its ability to complete sales of non-core assets, the Company believes that cash on hand, cash from operations, cash from non-core asset sales, and available borrowings under its revolving credit facility will be sufficient to operate the business, satisfy working capital and capital expenditure requirements, and meet the Company's foreseeable liquidity requirements, including remaining in compliance with the financial covenants contained in the credit facility and debt service for the remainder of fiscal 2006.

[basonista]

Another breakout and retest with something of a cup and handle formation.  This is already almost a bag from it's recent low and still more than 1 bag to go to fill that big gap.

[kslifka]

Bought some of this a couple of weeks ago and more yesterday.  Next level of resistance is 3.78...before possible gap play.  Volume slowly picking up.  Looks good intra-day.  Hopefully finishing a cup/handle before new high today...maybe.

[kslifka]

MOVI is in the Gap. 

[kslifka]

Nice close.