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

To: Robert Page who wrote (1608)	4/23/1999 4:36:00 PM
From: MoneyPenny	Respond to of 2222

The market disagreed with you today. There was some heavy buying towards the close bringing the stock up 1 1/2 points. On the goofy Yahoo and Go.com Disney Boards, the shorts were out in force talking down the stock today. Much heavier than usual and more vitriolic than is normal. Stock will continue to be volatile I think, but today was good for longs for a change. Sharon

To: Robert Page who wrote (1608)	4/24/1999 12:15:00 PM
From: Chip Anderson	Respond to of 2222

My time horizon for DIS is probably longer than yours. It's funny that I heard almost the exact opposite of what you say. Probably because I'm a parent - I'm am totally unconcerned about the movies, the videos, the stores, or the parks. ABC is the big unknown however. Check out coolhistory.com for my latest chart. Gotta say that there a much better short plays out there than DIS. Downside is limited to either the 200-day MA or maybe 30-ish. Upside breakout to 40+ is just as likely. Chip coolhistory.com

To: Robert Page who wrote (1608)	4/24/1999 8:10:00 PM
From: MoneyPenny	Read Replies (1) \| Respond to of 2222

there are certainly a lot of short shares on DIS, in fact it still has the largest short position of any NYSE stock. (was supplanted one month by T) I feel this is a net positive for the stock as they have held on a very long time. There were a lot of large orders near the close on Friday, forcing it up 1 1/16 pts. There also seemed to be a lot more than normal negative postings on DIS. Really talking the stock down on Thursday and Friday on the bigger boards for Disney: Motley Fool, Yahoo, Seek, etc. The company has spent two years now making changes to the company that will carry and grow them in the years to come. This has made for heavy expenditures. Disney has also decided to return to its strengths in the movie area: children, cartoons and will leave the high stakes mega-blow up whatever movies to others. The park area had outstanding attendance but the high costs of the Animal Kingdom opening will drag down it's contribution to the bottom line.