Disney (DIS) – The Mouse beats the house -- The entertainment juggernaut reported earnings of $1.48 per share which was well ahead of the consensus estimate of $1.35 per share. Revenue figures also beat, with the company reporting revenue of $14.3 billion versus estimates of $13.76 billion. The shares are trading 1.5% higher, near $118 in the pre-market.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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