Well, looks like I messed up that one. Of course the one time I'm in it is the first time it misses in 5 years. But it's still above $100, so if it can close above there tomorrow, I won't be too worried that it corrects itself very quickly.
Reported after close today (5/10/16) Earnings: EPS $1.36 Revenue $12.97B Estimates: EPS $1.40 Revenue $13.19B Down 5.37% after hours
Seems like you're taking gamble after gamble. Surely, it will most likely rebound and stay over $100, it's Disney after all! Just like it'd surely hit the earnings, it's Disney after all! ;-)
HA, you're probably right. This was the first time it missed earnings in the last 5 years though... I'll see what it looks like tomorrow and decided if it's time to just eat the loss and wait for a better entry point.
key level to retain this week would be $103.86. Bears will try to bring this down & will succeed to an extent but it will bounce back
You think so? Bears can be really assertive when they feel blood of a massive corporation. I'm not ready to make any predictions pre-market, but I'd suggest $104 to be the resistance this week.
if this breaks 95 and tests 90 over the next few weeks i'll add... otherwise i'll stay on the sidelines. May present an opportunity
Just a tiny little hiccup yesterday. Everyone take a deep breath and relax. Did not expect DIS to miss on earnings tbh though.
Could it actually? $100 is psychologically a serious threshold to pass, however bad the earnings report was.
