DIS

DIS is trading at resistance 33.50 +/-, confirmation breaking above 35.

Many stocks are sold into the recent correction as pessimistic market sentiment pulled down many markets.

With the negative news on financial sector is getting less dramatic as we are hearing write-downs and buy-outs, I think that markets will find supports at the IT support as noted on the previous posts. Nevertheless, we have higher risk being in the market.


Barron: DIS is cheap. Lately, we have seen some unreal hyperbola price actions, such as DRYS, and the traditional blue chip companies did not see price-appreciation. Compared to the 2000 PE, we have lower PE now.