Friday, November 10, 2006

Disney Stock Falls After Record Profit?

Sometime the stock market appears to be more of a voodoo science than anything rational.

A day after reporting record profits for the fiscal 4th quarter, Disney stocks fall! People are worried that the company cannot maintain the growth.

Yowzah! If you report below what they expect, even when you are making a profit, the stock falls. If you report ABOVE what they expect, your stocks also fall because they don't know if you can repeat it.

Oh well, if the Disney stocks drop even more, maybe its time for me to buy more Disney stocks!

Zz.

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