Hedgeye CEO Keith McCullough is adding Disney (DIS) to the long side of Investing Ideas. Below is a brief note.
Having the discipline to wait and watch takes a lot of time and reps. While I still make plenty of mistakes, at this stage of my career I make less of the mistakes that I used to make.
Patience and #process are the top 2 reasons for that.
I've been waiting & watching for Disney (DIS) to correct towards the low-end of my @Hedgeye Risk Range... and at -1.5% here into the close today, I'm getting my pitch.
As a reminder, longer-term, Hedgeye Communications analsyt Andrew Freedman remains Bearish on Netflix (NFLX) (he had a bearish Institutional Research update on that today) and Bullish on Disney Plus.
Buy on red (don't chase charts on green),
KM