LMAO! I'm trying to buy puts on that MOMO jam scam myself. I added to my self inflicted wound by adding more puts on my BAR BAR BAr from this morning around $7.50. I am now holding 20 puts, which I prefer not to hold on the NFLX MOMO Jam Scam, Ponzi, stock that is going to negative $30 a share. I did all of this because you are stupid and I know better.
P.S. Fraud, Scam, Manipulation, Icahn, Fake Press Releases, Short Squeeze, Weekly Option Scam, Golden Cross, and Kwanzaa rally.
He said he opened puts. It doesn't matter if the shares are available to short when you open puts. Something must be wrong if you, Wall, and I are on the same side of a trade.
You are right about that. Day two of the trade was a disaster. I got blown out for about $10k on LGF. I did a BAR BAR BAR this morning on NFLX for $2k, but that didn't put a dent in the LGF debacle. I love your TWTR short, and I'm looking at getting on that trade tomorrow. I bought more LGF, but it was only down $1.50 when I did that. I need a big pop from LGF tomorrow.
I am in agreement that this technique takes place quite a bit before a larger move to the downside, but I don't see that today. It looks like there was a big share dump in the first ten minutes. Then there was a huge block of buy orders around 9:50 PST. There was then moderate selling blocks from 10:10 to 10:25. Another large block around 10:35-10:40. Moderate buying blocks from 10:45-10:50 and no real large blocks since then.
Either way, it certainly isn't illegal for people to sell large blocks and then walk the trades back up on small trades. It just seems to be an indication that someone is trying to get off of a large position without causing big disruptions. It seems to be a more stealth way then to buy a lot of puts and then selling large blocks. When you use the put strategy it sometimes telegraphs the downward move and they get hit before they are able to dump.
Insiders constantly selling and larger funds dumping their positions is not exactly a bullish sign. However, this stock has had several head fakes to the downside that turn out to be consolidation before a larger move up. I'm hoping that it close down a few bucks so that I can sell more puts on Monday against my long-term downside puts. I was thinking of selling some short-term $330 puts for a few bucks now that the contracts I sold a few weeks back are retiring useless today.
Tomorrow NFLX will complete the week on a sour note and LGF will end up big on the day. LGF is going to start punishing shorts in the next fe weeks with good numbers on Catching Fire and soon to come Divergence. LGF is going to buy back shares and possibly announce a dividend to really punish shorts.
I don't know why NFLX or AMZN don't buy LGF. They are spending money on content creating new content. They could pick up LGF for around 51/2 billion and have their content exclusively, plus everything needed to produce their future content. More importantly shareholders in both companies seem not to care about profits. NFLX could do a secondary at these lofty levels and pay down debt and make an acquisition.
Of course this is my opinion and carries no real weight. It would if I add a "watch and learn " though because that makes me sound like I am much smarter than everyone else.
It has nothing to do with Icahn. It has to do with broken chart, fraud manipulation, options expiration, reverse head and shoulders, overbought conditions, hedge fund window dressing, anti santa rally, insider selling, and somebody knowing something. All of this can be found in my new book titled "get your investing tips from message boards."
Oh yeah, watch and learn.
Hilarious. You can't really believe that the second season of House of Cards will add several billion in market cap, do you? I don't doubt that the stock can go to $500, but not based on season 2 of a decent show. How many subs will join specifically for season 2?
You mean my tech/cybertrash/. He can't hear you from his house in vail.
I had been away with family for a week and didn't get to post my BAR BAR BAR's. I shorted NFLX at the close Friday and covered Monday for a nice pop. Then I did a BAR BAR this morning when it was up $5 and covered way too soon at around $2.80 up. Lastly, I did a BAR BAR BAR on TSLA at the close yesterday and sold wayyyyyyyy too early when it was down only $3 today.
I tried to BAR BAR BAR Apple when it went positive and missed. I am contemplating going long TSLA for a BAR BAR BAR if it drops to about $10 today. I may need to have my head examined. I am down a few bucks on 100 contracts of LGF. I finally got off of my OUTR short yesterday. It took me a long time to get a decent down day.
Oh yeah, NFLX overpriced, valuation too high, going to $2, manipulation, bad movies, etc. I'm smart, you're not, watch and learn, blah blah blah. In my mid-winter mansion at the top of Lake Tahoe.
I thought the French hated us? Maybe we can call it Freedom TV. We could play movies that encourage the French to be more courageous. The French are great at surrendering and commenting on America. If we stacked the catalog full of WWIII movies then maybe they would have a much better appreciation for Americans.
The only thing that will bring it down is low sub numbers. It will keep going up as long as subs are growing at a fast pace. If they miss on subs by a large amount it will sink over $100 in a short period of time. I do expect it to go down $30 or so before next ER. But my opinion does not matter.
Haha. As usual my tech you can't read. I sold the short-term puts for a gain the next day. As usual I posted that trade and you can't read. Keep trying though.
I still own the calendar spread and currently the Dec 6th Puts I sold are trading at $1.05 and the puts own long are trading at $27.50. I am at a net loss of $960 so far. I am certainly not bothered by that small loss. In fact if you look at how much I made on the day trade I am still net positive several thousand from the day I posted originally Nov 15th.
There is something else you can do. You can trade other stocks. I used to focus only on one or two stocks I liked or hated and would only invest in those companies. After growing tired of the moves I realized that there are thousands of other stocks to trade.
If you must trade this stock it is best to sell long dated calls on parabolic moves like these. The only thing you have to do is buy OTM short term calls to insure against a violent move. You can sell the Jan $390 calls for $7. With the holidays coming you know that there will be several short trading weeks. You don't even have to worry unless it gets over $397. If you sold them today you would be able to buy short-term $400 or $410 calls for cheap on Monday.
Well done on the TWTR short. It was probably a good move for the short-term. The markets seem to want to continue higher and people are willing to pay crazy prices for speculative stocks.
LGf has humbled me once again. If I was a media company I would buy LGF on this weakness. It is clear that streaming and content are king. With companies willing to spend so much on both original and old content, I can't see why someone wouldn't want to own the Twilight franchise, Saw Franchise, and Hunger Games Franchise. They are also heavily in the TV space with things like Mad Men. They have another franchise, Divergent, that is coming down the pipe. Crazy market.
I lost $14k in market cap today on LGF. Hopefully some sanity will come back to this stock tomorrow.
I wish I avoided it. One step forward, two steps back. LGF is lighting me up. I sold 30 calls on Friday to lock in some profits, but I made the mistake of buying them back today when it was down $1.50 and now I'm getting hammered. Down about $15k today on that POS.
You should have given your daughter a history lesson so that she knows how lucky she is. Explain that had she been born in previous times she would have been married to a man at 12. That people were killed or beaten because of their skin color. That young men were sent off to Wars as a teenager. That disease and famine killed so many young people.
Then give her a lesson on the treatment of women in foreign countries. Explain about ethnic cleansing, hunger and disease that kill people daily. Then explain to her how lucky she is to be sitting in an air-conditioned house or theatre that allows her to watch fictions movies.
Lastly, explain to her how capitalism has enabled us to thrive as a nation and pull a lot of people out of total poverty. Explain how the money made from capitalism allows us to enjoy a relatively disease free life. Then apologize for trying to shelter her from the reality that real life is far more ugly than any movie ever made.
I don't think AMZN would want to break them. They make a lot of money on the cloud business and NFLX is a huge part of that. I think there will be three or four players in this space in the next five years, especially with the consolidation going on in the cable industry.