Well, my first foray into stock shorting ended up well; in the mock portfolio I covered Disney today for $5,200. That's a 5% return, which is enough to make a worthwhile experiment. I've decided that playing the "short" game while Comcast thinks about up'ing its offer might be a little risky. From the newswire:
Comcast Could Add Cash To Disney Bid - Merrill Analyst via Yahoo!
...
Comcast "clearly has the financial wherewithal to add a substantial cash component while preserving an investment grade profile," the analyst said in a note Tuesday. Comcast could cut its stock component and add up to $27 billion in cash...
If they do make another offer, the stock price would likely rise again which would take away the gains I made on the first piece of news. Therefore, I'm removing this bit of risk from my plate. But in all seriousness, I don't think Disney will ever except an offer of this type. Time will tell.
