DIS – Disney

Disney Gap

A favorite among the exchange hierarchy is manipulated by its insiders as much as a boiler room pink sheet issue. Notice the large gap from August 4,2015 to the open on August 5, 2015 – after “earnings” which of course were released when the market was closed- allowed the Disney insiders to deliver a decisive one two punch to investors- very heavy selling short and supplying stock on the 4th, then massive covering, re accumulating and reselling on the 5th thru the 10th, before resuming the decline to under the psychologically important 100 level. The volume was absolutely massive on the 4th and the 5th-after the stock was opened much lower on “bad earnings”. It wasn’t selling that caused the decline in the stock- it was the lower price opening by the insiders that caused the selling, accompanied by the convenient bad news. After dropping below 100 and re accumulating large amounts of stock, and of course covering their short positions, the stock was rallied back to 120 in a few months. Disney stock is currently in a holding pattern near the 100 level. After what should be a few brief pb’s- it may be time to buy again for another advance.