05-05-2020, 05:26 PM
(05-05-2020, 03:49 PM)divmenow Wrote: Time to short DIS. Headed to $80 or lower.To be honest I thought about it yesterday but I usually don't target quality. Roy Disney's grand-daughter was on Twitter making a case the Div had to be suspended after furloughing 40K employees. I'm glad Kerim got in low. I think he is in around $90. DIS is going to have most of their cash burned by the end of the year unless CV somehow doesn't wreck any chance the parks opening by then.
What do think Fenders? We can make a ton playing it on the downside lol
Wow that was an ugly report and yet it’s green. They suspended dividend as well.
Anyway, this is getting stale already. I am going to be very careful where any new money goes, and hopefully won't have to dump many stocks. I have a feeling it's going to get more and more "acceptable" to suspend your Div the next few months. Lets face it, 2/3rds of the SPY has a good enough excuse already.