Day Trading Tips

Imax says it remains on course for the $300 million Hong Kong stock exchange IPO of its Imax China unit, despite a see-sawing Chinese stock market.
Imax CEO Richard Gelfond told a Thursday morning conference call after the release of his company's second quarter results, "The recent volatility in the mainland Chinese markets has not altered our plans and we continue to work our way through the Hong Kong IPO process, including meetings with investors and analysts." He added, "We will make timely decisions as appropriate, based on market and business conditions."