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Strategies & Market Trends : DISsing DISney -- Ignore unavailable to you. Want to Upgrade?

To: capitalistbeatnik who wrote (92)3/25/1998 2:28:00 PM
From: JerryI  Respond to of 136
 
How about the fact that since its fall back/gap filling from it's 115 range, this stock has shown a solid 105 to 107 base for the last three weeks. Investors are waiting for mid-April when next pre-announcement of next earnings report and are inclined to give this company the benefit of the doubt. One article does not a major correction-make.

With the Animal Kingdom, cruise line, summer movies, ESPN magazine and the traditional rise in theme park attendance there is plenty of room for optimism for shareholders.

This isn't necessarily cheerleading, it's simply an alternative to another's negative take on current circumstances.



To: capitalistbeatnik who wrote (92)3/25/1998 3:16:00 PM
From: Peter Greenhill  Read Replies (1) | Respond to of 136
 
I genuinely think that DIS is seen as a strong long term bet
by many investors. The film side of the business is clearly hit
and miss but the Disney brand is a powerful one and not to be
underestimated. It may be overvalued now but people are still
buying.If there is a significant fall I suspect many will see
a clear buying opportunity and so there will be a support level
around 90 IMO.

pg


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