DIS trade ideas
Just added to my #DIS holdingI have bought and sold a few #DIS shares during the peaks and troughs, but retained a core holding and have just added a few more @ 2.39p. I like the products (which taste great), the company (which is taking a very measured approach to its growth - even if it seems a little slow at times), the distribution channels (#RedLegSpicedRum now in most supermarkets without the need for promotional pricing) and its ambitious plans for overseas markets (approved products in US markets).
It is a tiddler and the share price will get thrown around a little, but there seems to be good support at these price levels and the indicators may now be moving in its favour. It is launching a new vintage gin and spending more on marketing (although I personally haven't seen a lot of evidence of this). If we get some momentum behind the share price then I think it will do well.
#DIS trailing stop - out at 1.85p wasn't expecting that45% profit on trade, but wasn't expecting to be stopped out. I obviously hadn't been vigilant to the trailing stop moving up with earlier highs. I will re-assess where to buy again, especially if the price falls towards 1.65p and 50DMA. Hmmmm....
#DIS a strong move above the rising trend lineThis is a very encouraging move to the upside and hopefully will hold above 1.9p into the close. #DIS home to RedLeg spiced rum and other speciality drinks. Revenue should be doing well through its new distribution channels. I had planned to buy more if the price dropped, but it didn't (or hasn't yet).
