The future of Disney
I'm looking for some advice. I am long 1700 shares at $112. Current price is 82.50. The stock would have to go up 36% just to break even. The dividend has been stopped. The parks seem extremely profitable and Iger putting in $60Bil over the next 10 years into the park and cruise line. My question: but for Disney+ is DIS a long term hold, wait 3 months if no change dump, or get out now and lick my wounds and deploy money in another stock? $Disney(DIS.US$
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Stocksgoup : I would recommend holding, selling off now would be selling at what looks like the bottom.
The company is heading towards a better direction with Iger and now they are investing more into their profitable parks instead of burning more cash into "woke" films
I believe they know their issues and people realise it's going to slowly become fixed.
If you look at TA, it's also a falling wedge pattern which indicates very bullish sentiment and reversal soon.
For points for worry, short term it would be the actor and writer strikes which may cause fluctuations, the Fed's interest rate hikes as well.
Personally, I would just hold it. Buy some protective LEAP puts to hedge against further downside if needed. (considering this as well)