Reply #21: the stock was over 40 just a few short years ago [View All]

[amazona]

They had that Millionaire game and their movies used to be something special as well although the attractions parks have been dogs for donkey's years. Then they got some bad management....

The company has been run into the ground and I see no way for it to recover. However, this bigger fool bidding from Comcast is a lifesaver for me -- I just sold and actually did turn a profit. Sadly I had bought days before 9-11. The company suffered terribly from a rumor (which I suppose might be true) that Orlando was to be one of the 9-11 targets if they had not grounded all the planes in time.

The stock will never be what it was and the company is very shaky. You can always get lucky riding on short term swings but this is gambling not investing. And I personally feel that gambling is best done with one's pocket change not with one's future.

So...I'm by no means any stock buying expert but I just don't see a bright future for Disney. And I do remember the last four years -- they have been DREADFUL overall...

If you have a 65 percent gain, I think it would be wise to take your profit. Because with stocks you don't have ANY gain until you sell.

Best...Amazona

P.S. THis advice might be worth what you paid for it!