Well, I regard a company such as DIS as a top of the range quality company and it's share price will, IMO, be one of those that will move up first once the "Virus Crisis" is done. Unless one needed the cash I wouldn't be selling a company like that. As soon as one sells below a previous purchase price one has lost any Capital Gain.
DIS may fall further before it rises again, and then it's a case of waiting until it gets to the sell price before one should buy it, and who knows how long that would be.
I've also read of some who have sold into the recent "rally". I've done some looking into that situation with regard to the chart of the SPX, which I'd say could be a reasonable reflection of the overall price movement of the better Quality companies with above average Financial Fundamentals.
If one sold in the rally that would take one back to where one was at the start of 2019, assuming one had the shares then.
If one would have bought shares after that major fall in the market, about 13 to 14 months later, with the rise in the SPX one would have achieved a Capital Gain somewhere in the region of about 30%.
So selling now in the "Rally" any Capital Gain obtained for a purchase after January 2019 would be out the window.
If one doesn't sell, that Gain is still locked in, but it will need patience to hang on to those shares until the overall market recovers, unless, as I said, one needed the cash.
I see MCO is currently my top gainer at +147% with UNP now at +139.8%. DIS is third at 99.4%.
" Our lives have really changed. for now i've decided to have my groceries delivered. at the risk of irritating paul. - social distancing might be the only thing that can save our country."
From what the medical experts tell us there appears to be only two primary ways to get infected with COVID-19 ..... you get it on your hands and you touch your face area and in it goes in thro' mouth, nose or eyes, or you breath it in after an infected person coughs or sneezes close to you.
So when I go out to the Supermarket I have my spray bottle in my pocket with my Surgical Spirits/Gel mixture (2:1) and I spray my hands very regularly. I also keep a good distance away from anybody. Although I don't go out that often I don't see why one needs to live in a "home jail" 24/7 if one is taking reasonably good precautions. |
