For those of you new to this thread who want to read the technical analysis for this sell recommendation here is a link to the original thread:
For the record, I have a short position at 214.42 and again at 223.20. Strategy is to short in increments. The 2nd position I already took was at 2/23 gap level which was filled yesterday, Wed Mar 17. I would add again at the 2nd gap level 2/18 $229-231 (if it even gets there..highly unlikely but it would be nice) I would add again for my final short position at a breakdown level I'll detail when triggered. I always post my trades ahead of a move so you can follow along if you'd like to see the outcome.
All comments and intelligent arguments welcomed but serious replies only please.
Best of luck to all $$$
Another opening rally in NFLX. However, window dressing is over as well as Quarterly Options ex, so we'll see what the new quarter has in store for us and if GS and Credit Suisse are playing both sides of a trade.
We are running security checks today so I am limited asto what I can post and how much but I will try to check in later today.
As always, best of luck to all$$$
I am still limited on what I can post for a couple of days as we are running security checks. So I will check in as much as I can.
Well here we are near the upper range of the monthly topping tail. We got here with quite some conviction , if you look at the volume. The upper end is now resistance. So we are near the moment of truth as to whether it can keep advancing from here and we'll know whether the topping signal was a valid signal or not.
Best of luck to all$$$
First target 230. If and when we get there, I will book the profit in the shares I went short today and leave my original core position. This will lower my cost basis and my dollar cost risk to the upside stop. But we'll see what the charts look like by then and decide.
best of luck to all.$$$
This does not look good for longs today. The pps could drop into 220's really quickly.
Longs should consider locking in profits till after earnings at which time a re-entry could be considered.
FTR NP this week but watching the 235 strike calls STO...
Today we are watching the same levels as yesterday and looking for a breach of 3/28 low.
Not much happened yesterday either. It will be nice to have the Quarterly Options ex behind us as well as window dressing for the quarter.