Joe Should Have Invested His Welfare Money Three Weeks Ago

[Anonymous]

And I bought 50 grand of CP stock when it was trading at 200 CDN at the worst of the pandemic. It's now about $315. I have made $17,500 in one month.



Joe should have listened to us young smart non virgins. Now it's too late for the old fossil. Some people were born to lose. Oh well.

Poor old senior citizen joe. No ambition, no balls, no money, no pussy, and no reason to live.

However the share price was never $200 as the poster had claimed.



Nor was a sale ever made.



So the claim that he 'made' $17,500 in one month is bogus.



Like real estate, precious metals, whatever - a profit is only 'made' when the sale price is higher than what it was purchased for.

[Anonymous]

He could have bought a few Disney shares when it dipped to US$55 dollars late last month (?) and sold it once it had cracked the $100 a share mark less than a week later. Guess he was too busy lecturing the rest of us on what to do with the stock market to pay attention to his own portfolio.

lol, Joe doesn't listen.

So how can Disney Stock double in price if it's not making any money & described by another poster in another thread as 'bleeding cash', Fashionista?



Currently, the Movie industry is shut down in most places in the world due to the coronavirus. Its not making any new movies nor has any planned for release.



So yes, I do listen, Fashionista.



Do you?

Correction; it's not making live action movies. Animators are still able to work from home and Disney+ desperately needs their content so it isn't forced to function as a Hallmark channel.



But yes, they are bleeding cash. Iger bought a ton of shit at a time when Disney was riding high. Now their biggest cash cow (the parks) are empty save for a skeleton staff and encroaching wildlife, their new cruise ships are not taking on passengers and their new TV streaming service is screaming for fresh new content which the pandemic is making problematic in the delivery of. Marvel has nowhere to ship their hard copies for sale and no distribution network to get them there even if they did and America's largest movie chain is in the process of winding up its operations permanently. None of this will kill Disney, but it sure as hell proved capable of creating enough alarm to cause their stock price to take a hit.



As for why it rallied, who can really say? The stimulus package likely had some bearing on it, but I doubt that's the whole story. Someone is propping it up and with so many people scratching their heads over their budgets at a time when they are forced to subsist on government mandated welfare, it's probably someone with more money than this forum could dream of collectively. Or a group of someones (can anyone say "World Bank"?) but you'd never know unless they decided to let you know.



Anyone who ever thought our politicians were merely the shop front for the big corporations and Wall Street might well be content enough to hold such opinions and and not look any further behind the curtain to see if there is not, in fact, another to be explored... and another. Maybe you never considered it, maybe you did and discounted it. Maybe it's all one biiig fruity conspiracy... but at the end of the day there's money changing hands exchange for favour somewhere and that is why Disney's (and other) stock prices only stumbled, instead of going bangfalldown to the point brokers had decided to go the retro route and take up skydiving without parachutes en masse.



And armed with that knowledge we can conclude that since there indeed appears a someone or someones prepared to prop things up, in camera and without need of the accolades of the Little People, then they have elected to do so for their own ends and will be unlikely to stop until it suits them to do so.