Last I checked this was WDWmagic in the news and rumors section not a forum for investment advice. If you are taking investment advice from a Disney fan forum at least avoid a guy with a picture of goofy
. Seriously, I'm not sure how you got from my post that I was advising anyone to do anything. I'll add the appropriate disclaimer here:
- Please do not consider anything I posted in the past or will post in the future to be investment advice. Consult your investment advisor before making any decisions based on anything you read here (or anywhere else online for that matter). This goes double for tax advice. Pretty much everything I say related to theme parks is 100% accurate and should always be taken on its face without question
I stick by my comments. There are many people who feel the stock market is overpriced and due for a correction. It's had a really great run. Just because someone is shorting a specific stock or a selection of specific stocks doesn't mean they definitely feel that the companies are in trouble or are heading for an Enron style collapse. They may just feel the price is higher than it should be and are trying to time the drop. The drop may also be nothing more than a broader market correction and could have little to do with company fundamentals.