I will have about $4,500 in buying power, preparing for the DIS earnings report. I read a few rumors that earnings will release BEFORE the market opens, as opposed to AFTER market closes so I may not be able to buy in to ride the earnings swing. Disney seems to have an extremely positive outlook and is also continuing to peak at 52 week highs every week. If i'm not able to buy into DIS at this time, I will consider investing 20% of my buying power into DIS for long term.
I will continue to hold BABA until pre-earnings. I don't plan to keep it throughout the earnings release on May 7, but I'd like to see how the tide swings. It's currently at it's IPO price and 52 week low, so if it shoots below the 52 week, I will definitely sell.
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