what the hell is killing the media sector?
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Cord cutting talk. ESPN for Disney. Nothing new and very minor. But this market will cut your head off on any perceived bad news. Cord cutting talk has been going on for years. And earnings keep going up. It creates opportunity. Star Wars is staring me in the face and since Lucasfilm was bought by Disney there is a direct way to invest in Star Wars for the first time. I love Sirius and Comcast, but Disney is making me salivate right now......
Doesn`t everyone think differently , yes?
absolutely people do bones and to prove it we have people here who don't want to buy at 3.15, or 3.66, but they rather buy 3.95? Not very logical to me but hey whatever, lol. My original point was that obviously its gonna take BIG news now to get us catapulted above 4 since the numbers from cc didn't get us there.
And since we are not there people act surprised, frustrated, shock, angry. Comments such as the sky is falling, shit or get off the pot, feds raising interest rates, macro this, macro that, here we sit again....I mean like i said earlier are ya really surprised we have not catapulted above 4 after all the years being here and involved in this stock?
People want to keep complaining about not breaking four and holding for the last 2 years then why be here, why own, why not just sell, lol. If its not fun why do it?
Gotta go play tennis...have a good one guys!
I am on Cramer's side on Disney -
http://www.cnbc.com/2015/08/06/crame...&doc=102900645
I would go so far as to say Disney breaks new highs by the time Star Wars hits in December. I know the market hates it right now. That's one of the biggest reasons I love it. I think the market has it completely wrong. Jessica reiterated her $130 target yesterday. I just see such opportunity here
I tend to agree with your observation on Disney Muscle. This dip is a buying opportunity, not the beginning of a downtrend for Disney. Like I said, it's merely my observation - I've not done any research to back that up beyond a cursory look at charts and fundamentals but I like what I see, so I think I'm gonna look into it a bit more over the weekend. As for Cramer - he's still a clown just shilling for his show. However you've come to your conclusion I'm sure you've done your homework and are not basing your outlook on whatever Cramer says. Cramer will say whatever he thinks will get people to watch his show and is never held accountable.
Had not seen it but Thanks for the post. I really do not care if others are selling or buying I'm not moving as long as fundamentals are growing at such a strong pace. I've been watching this baby since it hit a nickle and I'm impressed with their growth.
I got in the day it hit a nickle but had to settle for my first 30,000 shares at.09. Been adding ever since and have never sold a share. Have been lurking watching the charts different guys posted and was extremely impressed until the buyback started. (That's when they stopped being right most of the time.) I believe the stock goes vertical when the buy back is over.
Haha....i remember the day it hit a .05/.06 like it was yesterday. I did not have the guts to buy that day....but when it more than doubled...i said ok.....im in so i began buying at .12 and continued buying 2009 hard.
Well if they stay the course with buybacks that could be a few more years, unless something big happens in the meantime.
Denco....what constitutes a stong finish to the week for siri? is there a specific number? So far on a red am its acting strong...3.95 hit. tia
Economists: Growing U.S. auto sales may be nearing peak
http://www.detroitnews.com/story/bus...near/31134617/
Morning DM.....Exactly, I'd be happy with 3.95+
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Disney bottom may have been put in yesterday. Selling pressure seems to be easing with much lower volume. Hoping for an up day......Liking what I am seeing. This may have been a very short term hit. I hate short term thinking but man does it provide opportunity for the long term.......Fascinating to watch.
Media sector coming back. Lionsgate (Malone of course) great profit numbers today. Great valuation article in the WSJ this morning about Viacom ( a stock I don't like at all) but its up big today too. Comcast up. Disney doing better. Sirius up. I like what I am seeing.......Short term hits this week may be the biggest opportunity to buy media in years. I am not touching Viacom though. Jessica has underperform all the way through the 40% -50% drop! My opinion - poor leadership.
Wanted 3.92 yesterday but they gave me 3.91 close so not holding my breath.....3.96+ for the weekly would be nice too