Thursday, October 22, 2015

DISNEY IS A TRADING BUY

With the pre-sale of tickets of Star Wars - The Force Awakens breaking all time records, so much so that websites crashed, the new Star Wars movie will definitely set a record of sorts for itself.

Traffic to online tickets sites have increase as many as 10 times over for AMC theaters and 7 times over at Fandango.

Link: http://www.theverge.com/2015/10/20/9576881/star-wars-the-force-awakens-ticket-sale-records

Despite the shadow of a cloud hanging over Disney's ESPN unit, the expectations of Star Wars ticket sales and merchandise could yield Disney some very huge returns.

I have a trading BUY recommendation for Disney. It still have some legs to retest its US$120 level.

This is just my opinion and it is important that you do your own research.

My disclosure: I do not own shares of Disney.

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