well, I have been riding this horse for weeks. And making thousands in the process. I got in and our many times already. I have to admit that last Wednesday morning, I was experiencing near death. I saw the white light and the angles hovering over my head. More than half of my hard-earned gains were gone. I was ready to close my position and never short nflx again. Somehow I survived and increased my gain on shorting nflx. Shorting NFLX really wears me down, just like 2.5 years ago when I was short commodities
I think we get it pretty well. Let me explain. Most new shorts to NFLX, which includes myself, took our positions last week between 203 and 207 (205.54 for me). Many covered yesterday or this morning (190.11 for me) causing the stock to rise. Many of those that covered took out new short positions this afternoon (194.38 for me) and will plan to cover again when it drops back below 190. This is what we do with stocks like NFLX.
While longs have been cheerleading and pumping NFLX we have been making money on NFLX. I am up over 11 points on NFLX since last week and longs are still down 14. What do we not get?
Oh and those that bought when Ctamer recommended it are up 94 points idiot. I love it each time you guys cover it helps keep my stock up. As long as you keep covering I have built in downside protection
Your assumption is most shorts are in at the top. Wrong-a lot got in on the way down and some big shorts have not cover yet.. There is a lot of hedgefunds that have not covered. Also a lot of retail investors shorted . I think nflx will make new highs on a short squeeze. Too many investors are short. When that happens I will short.