As my grandfather would say, “Il pesce puzza dalla testa.”
Disney has had a dismal decade (see below chart). But that hasn’t stopped me from making money on it. Disney is a textbook example of how to “buy the dip” and then sell at a reasonable 15-30% profit.
The key to this type of swing trade is to not be greedy. (FYI that’s the secret to ANY trade.) I purchased Disney last summer and closed out all my positions this week. Notice on this sortie, I didn’t buy at the exact bottom, nor sell at the precise top. But I made an excellent profit, simply by taking a slice out of the middle.
When will I get back in? Probably not until they fire CEO Bob Iger and the stock is back below $100.
I think it’s highly likely that Paramount Skydance (ORACLE Ellison family money) is going to eat Iger’s lunch. Think of how Ted Turner disrupted ABC/CBS/NBC in the 1970-80s. Ellison has far deeper pockets than Turner ever did, and then there’s the Oracle technology … oh and the culture wars too ! It should be fun.
I’m fighting laryngitis right now but will cover all this and more on the next episode of the Wealthsteading Podcast.
SIDENOTE: If you’re in the Tennessee area, I’ll be speaking at the Camden Self Reliance Festival 4-5 October 2025. Tickets can be purchased at this link, and use “wealthsteading” to receive a discount: https://selfreliancefestival.com/tickets/
Learn more about Investable Wealth LLC at: About the Firm
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