I bought when it was at $85, and am holding a long position on Disney, and will take my my profits out eventually. My thoughts on buying when it crashed a few weeks ago is for the same reasons already echoed.
- They have other revenue streams
- They also own ESPN
- People will go back there once it's safe, including myself.
- Disney +
- Their forward looking potential has not changed. Sure, their current revenue and earnings report for the foreseeable future is not great. But I honestly don't think this will change the majority of people's minds in going, once it's safe to do so.
- and on and on... they're so diversified it's not even funny
They seem to hold a relatively consistence resistance of $115ish. I anticipate that it'll get there and some, but it will take a bit of time, and I'm likely in for a while. I would think it would spike quite a bit once they announce park openings. Hoping for that $150 ATH from last year... one can dream right? lol
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