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The Walt Disney Company Message Board

  • teengirlsquad78 teengirlsquad78 May 11, 2012 5:21 PM Flag

    To all The Longs.......

    My previous short positions:
    GMCR, AMZN, SBUX
    Just to name a few, and we all know what happened to those stocks once they hit their highs. You can check on those message boards to verify my claims.
    The reason I am successful shorting or going long is that I never hate a stock and I never fall on love with a stock.
    The fact is that Disney has been up for 5 straight days for no good reason, sooner or later it will catch up to the market on the down side. It is also in overbought territory, it is at the top line of the bollinger band.
    The bottom of the bollinger band is at $41.18 and that is my price target in the near term. I told people to short it when it hit $45.30 and then I also shorted at $45.60, at this point I am $495 out of the money. I will most likely get out around 43 dollars for a quick profit unless the market breaks down which means I might weight for the 41.18 price.

    ALSO ENOUGH WITH THE NAME CALLING, ALL IDEAS WELCOME BUT NO NAME CALLING OR I WILL HIT THE IGNORE BUTTON.

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DIS
87.10-0.44(-0.50%)Oct 22 4:00 PMEDT

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