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Post by dumbledor111 on Aug 9, 2006 17:41:01 GMT -5
Hi All I'd be interested in hearing your view-points on why Disney dropped after a kick-a$$ quarterly report. Thanks in advance. Dumble  |
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Post by greykitedad on Aug 10, 2006 9:19:50 GMT -5
The daily chart didn't look too different from many others yesterday except for the magnitude of the swing, and today it's back up again, so I don't have a clue what's going on there. I did unload all my Apple and will wait for a little more news about the options backdating before re-entering.
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Post by reality002001 on Aug 12, 2006 16:18:45 GMT -5
<<dumbledor111: Hi All
I'd be interested in hearing your view-points on why Disney dropped after a kick-a$$ quarterly report>>
<< greykitedad: The daily chart didn't look too different from many others yesterday except for the magnitude of the swing, and today it's back up again, so I don't have a clue what's going on there. I did unload all my Apple and will wait for a little more news about the options backdating before re-entering.>>
Disney's stock is just doing what it has been doing fairly regularly in recent years. Disney has become an “anticipation” stock - going up prior to openings, releases and reports, then slipping soon after. Kind of a “buy in anticipation, sell on confirmation”. I can't recall any situation in recent years where the stock actually held after park/attraction openings, hit movie releases, or outstanding “earnings” reports.
The result is a three-steps-forward-two-steps-back movement. The stock has been SLOWLY moving up, but not the way one would expect with such consistant successes.
Will this ever change? Who knows? Even with Lasseter moving into creative leadership positions in Disney's Feature Animation and Imagineering, it's uncertain whether even he will be able to overcome the remaining oppressive management in some areas. And, of course, he has no control over the many other aspects of Disney, which continue to plod along under their ineffectual management.
Iger has made some significant moves since taking over for Eisner. But Disney may be too far gone to be fixed by anything less than a DRASTIC purging throughout the corporation.
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mwgrab
Pixarian Captain
Posts: 13
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Post by mwgrab on Sept 16, 2006 18:37:06 GMT -5
In a book called "tools and tactics of master daytraders" they spoke of situations where a stock is gapped up by MM's (in this case a NYSE specialist) when they have a large amount of sell orders. So they open the stock higher, knowing many traders will jump in then they unload the sell orders and the stock falls. Conversely a stock that opens gapped down sometimes means excessive buy orders. Now I am oversimplifying but that is basically what happened that day to DIS. Closes 28.83 if I remember correctly. DIS was being sold heavily, IBD has its ACC/DIS rating as D. Hope this helps
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Post by fghfg on Aug 9, 2007 18:24:26 GMT -5
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Post by fgfgfd on Sept 20, 2007 2:21:32 GMT -5
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