Today’s sell off will be bigger than yesterday. I doubt DIS can buck the trend this time. Too many people bought into them dumping yesterday.
You really think it's possible for a thriving and profitable company to form a declining trend? The market should be even crazier than I've thought for this to happen.
Mkay... It's still struggling to drop harder, surprisingly. What are the odds price will be able to recover over $100 in your opinion?
I think it will recover and close over $100 today (Wednesday). It's probably going to consolidate for awhile longer around this $100-$101 area until some news comes out, or the market goes full on bull/bear mode and takes it up or down.
Well, market rarely goes bull/bear mode on itself, so yeah, I guess we are basically to wait for some piece of news to swing the scales.
This year looks good for DIS in terms of media products thus far. Not seeing it going below $100 for an extended period of time.
3rd day in a row breaking through $100 but couldn't hold and close above. Always that last few minutes sell-off coming in.
Well, this indicates quite nice that it's set to break through, the only question is when will it manage to do so. Might give last chance to jump in. Looking forward to this happening next week.
This is day 5 in a row that DIS has gone over $100. Let's see if it can close above for the first time in those 5 days. Expecting the late afternoon sell-off as usual going into the long weekend.
On day 5 in a row of trying to return to over $100, DIS finally closed above at $100.29. Next resistance are $100.60 (50MA), $102.94 (200MA), and then $106 (high from right before earnings on May 10th. Long-term within the next 2-3 months I could see it testing the double top all-time high at $120.
So far so good. I guess now it can be sent under $100 only by news like Ahmad Chatila becoming new CEO, right?
