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Technology Stocks : Walt Disney -- Ignore unavailable to you. Want to Upgrade?

To: Odysseus who wrote (2030)	6/23/2001 7:39:33 PM
From: Artslaw	Respond to of 2222

I am hoping to cover around 23.5, but if it hits 25 and starts rebounding, I'll probably cover. In fact, if the wind blows the wrong direction I might cover. I'm not a big fan of shorting, and definitely treat it as a short-term thing (I couldn't be a "long short"--makes me too tense) but it seems like the easier way to make a little money in the short term right now.

To: Odysseus who wrote (2030)	6/25/2001 5:34:03 AM
From: Artslaw	Read Replies (1) \| Respond to of 2222

Summer Business Looks Sluggish At Disney, Universal Theme Parks interactive.wsj.com . . .Attendance at the Walt Disney World resort in Orlando, Fla., where Disney operates four theme parks and a fleet of hotels, is down by 7% or so during the current quarter, according to people familiar with the matter. . . . Occupancy at Disney hotels in Florida, which usually hovers well above 90%, is down about the same as attendance. The company this quarter is also unlikely to show increased spending by guests when they are in the parks, a feat Disney has consistently managed for several years. . . . . . .California Adventure has been such a disappointment that the company last week launched a discount program for Southern California residents. Attendance at Disneyland is down 3% to 4% during the quarter. . . . Disney Chief Financial Officer Tom Staggs says the attendance decline for the next quarter is likely to be similar to what Disney has seen for the current quarter. . . Merrill Lynch analyst Jessica Reif Cohen. . . ."I think they're in for three or four quarters of very tough comparisons," she said. Disney Parks and Resorts Chairman Paul Pressler said a particular problem for Disney in Orlando has been a decline in international visitation, especially from Europe, where the euro is weak compared with the dollar. . . . Steve