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Technology Stocks : Walt Disney

DIS 103.29

+1.3%

3:59 PM EST

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To: Artslaw who wrote (2049)	7/23/2001 3:29:19 PM
From: smchan	of 2222

Now the real question: Why isn't Disney tanking after paying so much for a non profitable channel with a lot of debt? That's a great question and I'm wondering the same. My only guess is that Disney sold off on anticipation of the news. Also, Eisner did put a positive spin on the acquisition stating there was a lot of overlap, so I expect there will be layoffs in that division soon. I do hope we won't see a "Mighty Morphin' Power Rangers" ride at Disney Worlds anytime soon. From a TA perspective, Disney may be nearing support on the monthly chart: stockcharts.com[m,a]maclyymy[pb50!b200!b20!a26][vc60][iUp14,3,3!La12,26,9!Lb13] Also the daily, weekly, and monthly indicators (stochastics and RSI) tend to point to oversold conditions. BWDIK? :-) Sam

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