Tuesday, October 14, 2008

Dreamwork and a pare trade

Dreamworks has a head and shoulder bottom formation. I have my doubts, but still, it didn't reach a 52 weak low in the recent carnage. I just don't think SKG are in it for shareholder value. Paul Allen is dumping shares left and right.

I believe a better way to play this and it is gambling. Long LGF, which has 15% shareholder as mentioned before, that looks out for his investments. And long Mattel or Hasbro, or both for that matter, who have a record of looking out for shareholder value as well as profiting from hollywood and now video games.

FYI, DWA and HAS were upgraded.

So Long LGF,HAS,MAT/ Short DWA

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