Quote:
Originally Posted by golfing eagles
And for a closer look: Disney stock has dropped 13% since the beginning of the month when this nonsense started, which translates to a loss of 30 billion in market capitalization. Perhaps investors are telling Disney something??????
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Seems to me that there are a good portion of investors who are noticing that the recent spikes could not possibly be self-sustaining, and they're taking this opportunity to sell out.
Of course that causes the spike to reverse. Long-term investors are still making bank on dividends, because they bought when the stocks were under $50/share and they're currently at $120/share.
Same thing happened to my Intel stock several years ago. I lived through a double and a few splits, a nosedive as the result of some failed chip fiasco a dozen or so years back, and my stocks are still around 400% higher than when I first got them over 30 years ago. That's because they've doubled and split multiple times, and I've held onto them instead of panicking and selling. Anyone who bought 1000 shares during the IPO would have 48,000 shares today. The IPO rate was something like $26/share. Current rate is $47.50.
Disney has a longer history, is more publicly known, more identifiable. While most people use Intel whether they're aware of it or not, Disney is the more "known" entity.
On the other hand, my grandmother once offered to buy each of her children and grandchildren 100 shares of EuroDisney (at $15/share). Or we could have $2000 cash. I took the cash. Everyone else lost.