Natural Gas & A Thought On Disney
BOIL, DIS
Correlation is not causation, and above is a 25-year natural gas chart with arrows non-randomly placed.
I’m long natgas via BOIL, and may soon add more.
Disney for years now has seemed hell-bent on total destruction of its most valuable intellectual properties, and while its stock already reflects this there’s still plenty of down side in my view.
I’m short DIS, thinking long term, and will cover only after a daily close above $105.
It traded last at $91.32
