lol, the shorts are all out in force tonight! They're crapping themselves it appears.
Indeed, the subscription numbers were good, and the 4% AH rise indicates that the market agrees.
Look for a gap up tomorrow followed by a strong breakout to a new 52w high. Shorts lost this war 3 sessions ago when they failed to hold a painted close. They no longer have the power to control this stock.
i agree. i think the lighter volume drop today indicated that 'would be' institutional buyers simply put their hands in their pockets until after these numbers came out. we'll see if they are back tomorrow.
You must remember that NFLX had 5 straight sessions of + relative strength gains before todays LIGHT VOLUME pullback.
I'm not sure why they're going on about a "triple top", because all of the volume and accumulation characteristics clearly indicate that this is NOT a triple top. When a potential triple top IS broken (which it will, very soon), it is an incredibly bullish scenario.
And that's the problem with tape painting. When you fail, you simply set up a situation whereby a break of your painted tape provides an even STRONGER bullish signal than would otherwise be generated.
The 52w high WILL break, and its break will be far more significant now that the shorts have so wonderfully painted their positions *and* the tape into a corner.
Sorry shorts, both shorting and tape manipulation are zero-sum games. What bends in one direction can bend back in the other direction to the same magnitude.