Short is the only way to go on NFLX, there is no hope left for this dying company. I'm guessing it will be in the $120s or lower by August or before given its record since earnings came out. It goes down 4 out of 5 days easily. And when it actually does have a positive day, it's only a few cents usually, but when it drops, it drops $2 - $5 daily. At that rate, it should be close to the $100 mark within a few months. NFLX is not capable of sustaining any substantial gains and we all know this...
All true but immaterial. These conditions existed @ NFLX $100, $150 and $200. Shorting a spec stock based on fundamentals is a poor use of brain cells. It's like using accounting trying to explain sex appeal.
More intriguing (and possibly a short signal) is the deep dip below trend NFLX took yesterday and then attracted buyers on volume. If it can't hold above $210, my guess: runs down some more.
Is shorting a spec stock on technicals a better use of brain cells? These possible short signals also exsisted over the past 7 months but you had to be very nimble to make any money. The best strategy has been buy and hold.
Good point country but I think eventually the sex appeal wears off and fundamentals will come home to roost...kinda like marriage :-) The Honeymoon is fun until you get home and check the visa card statement :-)