Imho it'll be back to 40 pretty quick. Markets needed a success story yesterday....and WWE was it.
Zero rev from live events (I think were not very profitable though on house shows) & no gate receipts from ppv and tv events (probably were profitable) for April, probably May, and maybe June too, but I'm not ready to cancel out June yet.
I guess right now the big wildcard is can they maintain network additions from mania. My gut says, yes, mostly. But we will have to see what happens!
I still put money on Vince doing the first large crowd on Earth sooner than later. If there's someone who can figure out how it's him.
Was just looking at the chart and I do not like at all how the accumulation/distribution line looks the last several days and definitely looks like $40 coming back soon.
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