Tuesday, February 5, 2008

M-I-C ... see you at 34 bucks!

K-E-Y .. Why? Because almost everything else sucks!

M-O-U-S-Eeee!

Bought Disney at 31.20 after hours on the strength of a robust Q4 earnings report. DIS beat street estimates by 21%. The street expected 52¢/share and Disney gave them 63¢. Nice.

The stock has been climbing recently since a Jan. 22 intra-day low of 26.30, so a selloff won't be far off. Maybe. DIS was so beaten down that it is now above (barely) its 50-day SMA, and the 100- and 200-day SMAs are still much higher. Is Disney a "safe haven" stock? For the moment, perhaps. Tomorrow will show us what the street thinks.

>> Disney beats the Street

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