Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: BelowTheCrowd who wrote (10323)	6/20/1998 12:06:00 PM
From: Neil_L	Read Replies (1) of 18691

<<Methinks we may have hit the top of DIS...>> I started building a put position (DISMR) in DIS recently on the Morgan Stanley upgrade to Strong Buy, aka the "we know we've seen the top but we still have to much inventory" upgrade. On the fundamental side, DIS is trading @ 38 trailing earnings, and with the recent estimate changes is currently expected to grow earnings 9% yoy. I know this is DIS, but we have a total fundamental disconnect right here with a deteriorating technical outlook. I look forward to the split as I think the stock will drop % wise more quickly afterwards. Also would like a little pop around the split to keep adding. Looking for 20 (post split 3:1) sometime in the next six months. Another blue chip I put in the same category and like my position more and more each day is Gillette, which btw also recently split. Neil.

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