i think people starting building into this ER after that 159 low and are taking profits.. so theres a real chance this pulls back to 175 or less if so before the bargain hunters ping it and step back in.

hmmm... like i want to believe it will just get back on track and close out next week at 195+, and i stumbled across that dip while looking for my next ITM spread play, but i gotta believe there is easier money out there for short term swings.

I was lucky enough to buy Disney last March on a hunch that Disney+ numbers were going to take off due to Covid. I figured if I signed up even though I said I wouldn’t until more original content was available then others were too. And then they brilliantly added Hamilton and Frozen 2 and after that it was off to the races. The increased number of subscribers allowed them to invest more sooner in content and it has snowballed.

That said, the parks and movie/tv biz has gotten crushed. So I guess in a way the pullback after the strong ER is to be somewhat expected. They’ve pulled demand forward on D+ but there’s only so much upside left there now. In any event I hope you’re right that it does take back off, but selfishly at a bare minimum I need it to hold up for another month to get a LTCG.

You look around, there’s going to be some jumpy orphans around here the next few days.

DIS up over 194. Good call Tine.

the orphans are getting their own condo in the city

frazzled nerves

so heh disney is cooking its disney+ books by taking its biggest money-pit shows and writing them up as losses for properties that dont impact disney+.

https://www.wsj.com/articles/walt-di...ek-11669072222

disney originally had a profit target of 2024 for disney+ basically and fully intended to run at a loss until then. fine whatever. but apparently things went from bad to worse and now 2024 is being abandoned. and hilariously thats _after_ they started doing things like debuting their most problematic shows on 'the disney channel' and then showing them on disney+ so when they sucked wind on disney+, they went on the books as a disney channel loss, not a disney+ loss.

and yes this is partially why iger is back.

the good news here is that the handful of good shit disney+ has on its hands are also super profitable. mandalorian has a ton of marketing attached to it, loki is an MCU gateway drug and possibly same with wandavision season 2, and andor is being praised as something of a timeless classic already. so its unlikely to westworld any of them, least of all considering they own the studios doing a ton of the work iirc.

but this all bodes Real Fuckin Badly for the other players in the original content streaming game.

I don't know why, I subscribe to every single platform looooll