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IMAX- time to trim again

|Includes:ARTC, DXCM, HOLX, IMAX, Kinetic Concepts, Inc. (KCI), TIVO

IMAX has corrected and bounced back since my last post.  Now is the time to continue to take profits if you are still long.  3D will have tough comps in 2011 and the market will trounce high P/E stocks once again.

The stock has had an incredible run and consumers have proven the value of 3D with their pocketbooks.

Put your money in lower P/E stocks that show signs of life like KCI, HOLX, TIVO, DXCM and ARTC.  Details to follow on these names.

18x next years earnings with earnings growth below 10% makes this stock residing in an unjustifiable valuation range.

Disclosure: I am long ARTC, TIVO, and KCI

Stocks: KCI, IMAX, TIVO, DXCM, HOLX, ARTC