Dranth
Well-Known Member
Yes. Welcome to how the market works.So Comcast results pulled DIS down but today it seems Comcast recovered a bunch and DIS is not their cup of tea?
View attachment 804088
If you don't think that had an impact, what is your explanation for why EVERY SINGLE park operator saw a large decline starting exactly when Comcast reported their attendance and revenue issues at the park? What exactly made Disney close at $94.13 before Comcast had their earnings call and the next day drop to $90.94? What new bit of information came along that would explain that?
As for Comcast going back up, that seems pretty standard to me. The market consistently over reacts when news first hits and then corrects over a few days. Once Dis reports we will see something similar either up or down as people get overtly excited if the earnings are better than expected or jump ship if worse.