We sold Disney shares at $118 today after the company earnings report. In addition, we explain why did we buy shares at $88 in 2022. We called a market crash downgrading Disney to Strong Sell at $200
Furthermore, we offer a detailed real-time technical analysis for long-term investors in Disney in this article
Disney Stock Outlook 2023
On the day that Disney's share price crashed to $88, we decided to close short positions buying shares having in mind Disney's stock outlook for 2023. Hence, we bought more shares down to $84, and even more after Netflix reported a blowout quarter in 2023.
So, while Disney investors were capitulating selling after a market crash, we were closing our short positions, buying shares aiming at squeeze them in 2023. The investment strategy played handsomely since Disney soared to $119 in today's pre-market session.
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