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AwesomeAvani
Feb 27, 2024 7:17 PM

DIS moves higher in realtive strength LONG Long

Walt Disney Company (The)NYSE

Description

Disney had an excellent earnings report last week. Today it is moving off its support of the

moving average cloud on the chart and going higher on a day when the general market is

sideways at best. A table shows its strength as compared with other commonly traded stocks.

I will take a long trade here and perhaps hold it until the next earnings.
Comments
chartsosci
Thanks for your message regarding IHRT, however I'm no where close to your level of expertise. Thinking of taking a shot at BB over INTC. I'm signed in as a guest hence I'm communicating through this method.
chartsosci
the Disney ex CFO is now an activist, today on CNBC they told him his current company IHRT is not doing well. They have huge cash flow but lots of debt as well. What are your thoughts on iheart media?
AwesomeAvani
@chartsosci, as a consumer I like IHeart on my cell phone - it lets me make pick lists for music and pods I am supposing that it is minor league as compared with Disney and the CEO there is getting low compensation in comparison. Perhaps he is a turn around expert and has contingent compensation for incremental improvements along various metrics. Most good things take time.
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