Talk of The Villages Florida - View Single Post - Bill to abolish special districts??
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Old 04-21-2022, 06:19 PM
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Originally Posted by OrangeBlossomBaby View Post
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.
Why couldn't the recent spike be sustained? They only recently (but not fully) reopened from the pandemic, the parks and hotels are filled (to their self imposed capacity) and can only get more crowded as Summer comes and the pandemic continues to wane...

To me, that sounds like a recipe for increased stock prices. That is, until they shot themselves in the foot...
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