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

To: Ali Shahbaz who wrote (1629)	5/4/1999 1:22:00 PM
From: RON FARRELL	Read Replies (1) \| Respond to of 2222

If DIS does not hold $30, and in my opinion it won't, the next support appears to be around $25. Currently, I am neither long nor short on this company. Short term the company appears to have some problems. For a growth company to not be growing or only growing at 10% - 15%, and trading at a +40 PE seems way too high. On the other hand, if DIS were to get in to the mid-$20's, I think I would buy all I can. The assets that DIS has are just too valuable to pass up. Long term, this company will work through it's short term problems and be just fine.