Post by icemandios on Nov 29, 2023 18:52:30 GMT
After years of unsuccessfully trying to force its woke agenda upon its customers, the world's largest family entertainment company is finally admitting there may be some truth to the saying coined by Florida Gov. Ron DeSantis: "Go Woke. Go Broke."
They confessed this in their 9/30/23 10-K:
According to its latest filing with the United States Securities and Exchange Commission (SEC), the Walt Disney Company acknowledged that it faces "risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel, and consumer products," and that "revenues and profitability are adversely impacted" when their "entertainment offerings and products" don't "achieve sufficient consumer acceptance."
the company has launched a new “pronoun pins” program for its employees at the Epcot Center, which drew immediate backlash.
About the stock's performance
The 11/29 low (so far) was 91.44 with the 200EMA at 90.84.
There is an indicator called the PSAR (Parabolic Stop And Reverse) which traders use to detect and act upon changes in the trend.
DIS chart looks like this today:
So, the "shorting lamp" is lit, so to speak, and as you can see there are a number of gaps below that may be filled. All the way down to 81.58.
As the saying goes, "You can always tell a SJW, but you just can't tell him much."
Go woke; go broke.