on fairly heavy volume. With the stock acting like this the session before earnings announcement is it symptomatic of a lack of confidence in a favorable report next Monday?
I'm wondering if I should fool around with trading DIS stock now. The volume was almost 61 million shares today.
Apparently some big Disney shareholders are concerned about their ESPN brand. I bought some DIS in the pre-market at $110.50. It rebounded all the way to $113 and change during the regular session and then petered out. I then got cold feet and unloaded it for $111.04.
I quit watching Cramer a long time ago. I find him to be just too clown-like and disingenuous. His show tonight should be interesting. The Cramer of 2007 would package today's market action as having created a lot of buying opportunities, as opposed to dealing with reality and the near term risk. Perhaps the "Bear Stearns Kid" shows more integrity nowadays. I don't know.
Hi Phil. So you do consider Zacks to have some credibility?
jridley17, thanks for the info. I was under the impression that Zack's had more credibility that Jim Cramer. Live and learn!
If you go to Goo*gle Finance, there is an article which lists several firms/analysts with their ratings and share price targets. "Hold" with a $7 target is common now.
Sorry to hear that, tulsadevlin. It's been a pretty rough ride lately for FSC. I don't know if "dollar cost averaging" is a good move at this point. Good luck!
cancel191, aka Sagacious One, you need to put your thinking cap on. The purpose of the posting is to demonstrate how poorly FSC is doing.
for $6.96. As I ineptly type this, the stock is now selling for $6.29. It has pulled back by $.67. Factoring in the $.12 in dividends results in a realized decline of $.55. That is the equivalent of a 7.9% decline in approximately two months. I don't think that I will entertain the idea of getting back into FSC anytime soon.
When I was a kid back in the 1950's, my family used to go to Canada quite frequently to visit relatives. My recollection is that the Canadian dollar was usually worth about $1.05 US back then.
If China is now propping up their markets "artificially" and there is no progress in the debacle involving Greece, why are the markets having a nice bounce (hopefully not "dead cat") in pre-market activity. With my limited knowledge, it seems as though things are extremely risky for the average retail investor out there.
Phil, I have promised my wife that I will not say anything negative about the socialist in the White House who subscribes to the proposition that there should be equal sharing of misery.