A bit overdown or not, the market does not work on logic but on emotional sentiment. Who would have thought with the Star Wars hype and projected good numbers that Stars Wars will bring that one month to release date stock price is falling and not climbing.
Comments from a viewer who saw the movie:
"This is a visually stunning film and a wonderful story of overcoming your fear that all ages will enjoy. Pixar's remarkable way of capturing an audience's emotions and truly feeling for the characters has struck gold again. This film is also visually stunning as it is showing off Pixar's latest technology. The scenery is so realistic that you forget you are watching an animated film. A must see in 3D to appreciate it."
I would add that this movie will resonate with young children and their parents this coming weekend in exploring an important theme of life. As I mentioned on Monday, any dips in Disney should be viewed as buying opportunities going forward.
Sentiment: Strong Buy
Good! Now as you leave the building, could you please close the lights to your office as we are trying to conserve energy, and don't forget to hand in your keys to the building manager as you exit the building!
Trees do not grow to the sky. Disney is pausing before continuing higher this week. It cannot go up constantly. Idiots who come on here every second to post a comment on a down tick are just that: idiots!
Really? When it was at $117 a few days ago. Let me get this straight. You want to lose money to make money? That's good logic!
Sentiment: Strong Buy
A company's policies and practices and a company's profit strategy are two different things. Investing in a company is not about winning a popularity contest but about making money. Often these two goals merge and compliment each other and often they do not. A very rich mogul who started a very successful chain of department stores once said: business and sentiment don't mix. I despised the man but must admit he was shrewd and intelligent and made his investors money. Employees are always free to seek other jobs if they feel exploited.
You are clueless about this stock like most other people, so stop posting clueless advice constantly that may
impact the lives of other people.
And I am talking about if you were in at $121 and ended up at $97 in less than 2 days a few months ago, you lost a hell of alot of money in an 'even shorter' period of time. For those investors and they are many of them here, this recent run as you call it is not that impressive to tell you the truth if you are in for the long run. All stocks go up or down and Dis was just trying to regain lost ground: nothing to shout and jump about as is evident by today's action again.
The downside risk is pretty much baked into the earnings with today's breathtaking sudden reversal of fortune. As I mentioned before, I do not think the earnings will be great; it may be that 'smart money' knows. I also think there is also way to much irrational exuberance built into this stock. Disney is a great company (I own it) but it is a very volatile stock and go up or down in a heartbeat as evidenced by this morning's sudden action. If earnings are not that stellar tomorrow, then the downside may be somewhat limited from here given what has happened today and the anticipation of Star Wars next month.
What do you mean a hell of a run. It was at $121 a few months ago and yeah it had a hell of a run to the downside to sub $100. The hell of a run it had was trying to gain back ground, and now down we go again. A very volatile stock in a very volatile sector.
I say earnings are a disappointment again and the stock dips after earnings announced (time to add) and then recovers "impressively" as we move further out in anticipation of December 18th.