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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: chartseer who wrote (11929)	3/31/1999 3:34:00 PM
From: Susan Saline	Read Replies (1) \| Respond to of 43080

DIS when when the blood runs in DIS ... don't mind holding this awhile ... it's a "name brand"

To: chartseer who wrote (11929)	4/1/1999 6:13:00 PM
From: Bwe	Read Replies (1) \| Respond to of 43080

Chartseer; You've been on the money with your bearish stance on DIS, however, please keep the following p&f items in mind. DIS broke the BRL in January at $34 and ran into the brl at $38. The stock had a High Pole at $33 and that foreshadowed the recent sell signal at $32. As you well know, the first sell signal in a new uptrend is usually a very good buy signal. From the October bottom, DIS had run up about $15 which was a 65% move off of the bottom. A 50% retracement of that move would bring the stock back to around $30, right where the stock is currently at. You highlighted the good support in your post at $28. The stock looks to be a good buy between $28 and $30. Lots of patience looks to be required as DIS' earnings deceleration and turnaround looks to be hurting the stock longer than first expected. We'll see. Bruce