Quote:
Originally Posted by Munson
I bought some shares of Disney (DIS) earlier this week hoping for a nice run up with Avengers 4 coming out tomorrow, and the earnings report coming on May 8th.
And today the news comes out that they're trying to buy Comcast's 30% stake in Hulu, when Disney already owns 60%.
Combined with Disney's own streaming service which will come out in November, I think this stock will go balls out for the rest of the year.
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I just sold 70% of my Disney, so it's pretty much assured to keep rising.
I've owned it for several years and it's been a dog the whole time. Then this year it shot up to a 20 percent profit for me, which is my signal to sell enough of my holdings that I'm only leaving profit in. (It's an element of my "Rain Man Fee-Free Mutual Fund" strategy.) I was debating breaking that rule to keep the stock since it seems to be having a great run. I probably should have.