ABATTBQ11 said:
That's a high point in an arbitrary time frame that is more reflective of memory volatility. Disney's stock has been on the same trajectory since September when the high was $185. Two weeks before or after Feb 16 and the stock is down about 6%.
Isn't all stock analysis arbitrary by that standard?
Looking at the chart if it holds 130 it could have some upside if not the next support level is 118-120
It had a good run for a short time on optimism for Disney+ imo and reopening. I bought during 2020 for 142 and sold recently for 142. For the most part it has been dead money for two years without a dividend and their mismanagement is hurting forward growth for the reasons stated above (mediocre product, alienating customers).
I don't care if it goes up or down. Going to invest elsewhere.
Just my opinion
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