WRIT setting up for a Monster Breakout
Insane Stocks Newsletter
Hi All, What a spectacular close today for WRIT as it climbed back into the green! WRIT`s bounce back was pretty impressive as it saw quite a dip today with shares going as low as $0.0725 this morning.
That dip could have been a wonderful opportunity as it ended up closing the day at $0.0929!! WRIT even hit a high of $0.0945 today representing a gain of over 30% since its low this morning! WRIT`s aggressive bounce back could mean that a MONSTER RUN may be just about to start! Keep WRIT on your radar!! At current levels it may still be an incredible bargain given all of the Company`s current fundamentals.
If you missed our original announcement, here`s a quick re-cap of why we like WRIT:
#1 WRIT`s new President John Diaz was a former key executive at MP3.com! According to Wikipedia, MP3.com went public on July 21, 1999 and raised over $370 million! At that time, this was the single LARGEST technology IPO to date! #2 WRIT has added Andy Morahan to the Company`s management team as chief creative officer. Morahan has directed various top end videos and artists, including Guns n Roses, Aerosmith, Michael Jackson, Van Halen, Bon Jovi, Elton John, Paul McCartney, Billy Joel, Tears for Fears and George Michael! These are WORLD FAMOUS bands and artists! #3 Movies in 3D are raking in millions of dollars. Last year 1 in 3 people in the U.S. and Canada saw a movie in 3-D! #4 Hollywood hit a record in 2010 with the help of 3D movies. A Hollywood Industry group has said that the global box office hit a record $31.8 billion in 2010, growing 8% from the year before on the strength of 3D ticket sales and a hot Asia-Pacific market.
#5 A project in development right now is Lady Gaga 3D Concert. This is a cutting-edge 3D concert with motion-capture of one of the world`s most discussed artists. Last month Billboard named Lady Gaga the top selling artist of 2010! #6 Concerts in 3D movies have been a huge success for many stars.
Justin Bieber: Never Say Never topped the Friday box office by an estimated grossing of $12.4mil on its opening day! The movie grossed almost $30mil for the weekend! Back in 2008, The Hannah Montana & Miley Cyrus: Best of Both Worlds Concert Tour opened to $31mil! This Is It — a documentaryconcert film that featured rehearsal footage from the world tour Michael Jackson was working on when he passed away — grossed a whopping $261mil! #7 Concert ticket sales in 2010 declined while the movie industry reached new heights! Last year gross revenues in the concert industry saw a 13% drop compared to 2009! According to trade magazine Pollstar, ticket sales fell 12% to 35.7 million, from 40.5 million.
#8 3D is becoming a trend both in the movies and even for television. A Churchill Observer article has said that companies like Samsung and Panasonic are promoting the newly launched 3D TVs which are said to provide “an entirely new visual experience from the comfort of the family room.” #9 Even though concert tickets have gone, the money poured in last year was phenomenal. This proves how much people love watching concerts! Offering them as a 3D movie for a cheaper price could create a gigantic market! Live Nation reported 2010 Q1 revenues of $723 million!! #10 WRIT could bring the world a revolutionary new way of seeing concerts! A revolutionary idea like this could be a huge hit in the entertainment industry! GENERAL NOTICE AND DISCLAIMER – PLEASE READ CAREFULLY We are engaged in the business of marketing and advertising companies for monetary compensation. All content in our releases is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Insanestocks.com`s sponsored advertisements do not purport to provide an analysis of any company`s financial position, operations or prospects and this is not to be construed as a recommendation by Insanestocks.com or an offer or solicitation to buy or sell any security.
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