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

To: paulmcg0 who wrote (462)	3/11/1998 10:15:00 AM
From: RDH	Read Replies (1) \| Respond to of 2222

Paul, IMO, now is a good time to buy puts. I don't think Disney will go down to 50-60 or even 80, but I think they should drop down to 100 soon and even lower. Perhaps Puts with expiration a few months down the road would be ideal. I don't think that Disney can help but to disappoint this upcoming quarter. Strong dollar, weak Asian currencies, weak ABC ratings, bad weather in California, tornadoes in Florida, possibility of La Nina (the spring/summer counterpart of El Nino -- which sometimes follows an El Nino), parents becoming disgruntled and distrustful over Disney content, theme park and hotel competition, animation feature competition, recent weak box office of Disney features all add up -- and I think that add up to earnings disappointment. I welcome opposing opinions, because I currently have only a little money invested in puts at this time, but am thinking of adding more in the right circumstances. If my thinking is wrong, I welcome opposing views. From what it looks like to me, is that Disney Corp is not doing as well as it should considering its current price. - RDH