You sure eat a lot when you see a movie. I tend to eat before the movie, but you are right about walking to your seat. I have given up on any activity that requires any effort. I recently stopped golfing because I don't like having to get in and out of the cart just to hit the ball. I quit snowboarding because I don't like walking from my car to the chairlift. I'm thinking about selling my business because I'm getting tired of having to wake up and drive to my office. Why do any of these activities when I can download seasons of the Kardashians on BitTorrent.
Based on my new lifestyle I am contemplating investing in companies that sell TV dinners and diabetes drugs. Why do you think I have a big position in MNKD. I am also taking out student loans to fund my investing and collecting unemployment for the next two years to support these changes. I am in the middle of building a Tiny house to green up my life too. As for LGF, they will be just fine.
I think JV nailed it. Last time it pulled back heavily before earnings, only to rise $100 + after earnings. I think the MOMO's are getting hit as a group, but at some point soon will decouple. Just like the tech bubble, there are some companies that are good and some bad.
I think NFLX will prove to be a good company over time, just at a lower SP. I think the same is true of FB and TSLA (at much lower sharer prices). I think GRPN, LNKD, YELP, ZNGA, and TWTR will all go down in flames.
I bet none of you shorts can take this massive amount of pain you are feeling. You cockroaches must be running for cover from this epic squeeze. I told you that you should have covered and that you would get crushed. Losing $.50 today after gaining $100+ over the last month must be destroying all of you.
I am obviously poking fun at the fact that people like to make hateful predictions on both sides of the trade. I just got a kick out of reading the posts in the AM hours for what amounts to a pathetic move.
I sold the May $25 puts for $1.20 on the 11th. They are now $.70, but if they got to $.30 before ER I would cover just in case. In David's case, I believe he sold puts that expire before ER so I would agree that they are better off expiring. He has made money doing it several times though, so I guess it's hard to argue with success.
I think we get back over $30 in the next few weeks so I will continue to add calls and sell puts on any pullbacks. GLTA longs.
My guess would be that he is already out. He always talks up his positions, but he hasn't said a word about NFLX in the past couple of interviews. He wasn't enthusiastic about keeping it anyways, but he didn't want to hear his son cry.
I highly doubt Icahn will have much of an effect on NFLX moving forward. He had a hot hand for a minute and people were riding his nuts. If you look at his lack of success recently I think you will see how ineffective he has been. He lost the battle on Dell, couldn't force the buyback with AAPL, no spin off of paypal, and face ripped off on HLF recently.
I agree that corporate governance is pathetic, but he couldn't care less about the long-term health of companies he gets involved with. I have owned several companies he is involved with like CHK, DELL, EBAY, and AAPL and could care less if he is in or out. When he says nonsense like Apple is a no-brainer, or DELL is way undervalued, you know he is full of it. Ignoring the fact that the PC market is dead and that smart phones have reached their pique is reckless. In markets like this, nothing is a no-brainer.
You are so right James Cameron. The good thing is that making the movies are very good for the environment. What is especially good is when my friends that work for the studios have to fly to Atlanta, Detroit, or North Carolina so that the studios can get their big tax breaks. I'm sure greenies like James Cameron building replicas of the Titanic is in no way wasteful. I love Hollywood pretending to care so much about the environment when they are the biggest offenders. They also pretend they want their taxes raised, but hardly ever make movies out here in California. My neighbor just had to form an LLC so that he can sell his plaster designs to the studios in New Mexico without paying California taxes.
I don't get it. He plays that one character so good in every movie. Loved The Rock and hated him in ConAir. He is as diverse as Keanu Reeves and Katherine Heigl.
Amazing that the VXX is up even with the big positive move today. It seems as though people are buying the VIX today despite the upward move because they believe the market will plunges again soon. I would have a hard time going long anything today with the VIX not taking a hit. I am trying to short the SSO as I write this. I'm a little too cautious to short the QQQ though. If there is any follow through on this pop tomorrow then I will probably short the QQQ.
NFLX will close near $340 a share today. How is that for an totally random prediction. That is based on the a combination of Max Pain, 10 day, 50 day, 200 day moving averages, upgrades, calls for the stock to go to $100, an average of all yahoo posters predictions, oversold territory, and Icahn being bot in and out this stock already.
The only one with credibility is the Sing Lion so far.
I'm an excellent driver. I drove slow on the driveway when my dad came to Walbrook. I can also count toothpicks really well.
Just realized this was on the LGF board. I'm so used to you posting on NFLX board. Are you hiding out here because the shorts are looking for you over there?
Nope. I went long NFLX today when it was down only $9. Every time I go on the opposite side of a trade because it looks tempting I get punished for my bad timing. I came into the day short the QQQ and NFLX. I turned what was setting out to be a very profitable day into a train wreck. I thought the multiple upgrades, extremely oversold condition, and the possibility of it holding support would setup for a nice bounce. I was obviously wrong and may need to cut bait early tomorrow to avoid compounding this mistake.
I had thought that the market was going to have a big down like this soon, but didn't see it coming today. The futures were red about an hour before the open, but climbed back to even. Some of the economic data was better than expected and some of the Euro markets were doing good. I admit they caught me big time today with the surprise. I'm glad I didn't sell my QQQ puts until the NAS was down 71 points, but I turned what should have been a huge up day into a semi painful loss. At least the volume was pretty low on the selloff.
Oh well, I will regroup and learn from today. The biggest lesson is that we can't be on the same side of a trade WST. Remember a few months back when the only thing we agreed on was that TWTR was a great short. Turned out we were only a week or so ahead of our time.
Now that the dust has settled the analysts make these "bold" calls. Only one analyst had the stones to upgrade this stock while it sank $100+ with no real reasoning. The Nasdaq rallies 70 points yesterday off of more QE and now NFLX gets an upgrade. These analysts are a joke. If the stock would have sank another 20 points the same company would have likely downgraded the stock.
They killed us with the reviews of iFrankenstein, Hercules, Divergent, and now the Quite Ones. The first two deserved bad reviews but Divergent apparently didn't. I'm curious to why there are no reviews on RT for Draft Day when it comes out Friday. I don't like the fact that we have 38% on the Quite Ones.
Is this call going to be as good as your $385+ call last week on the 4th. You may want to stop making price predictions with your terrible track record.
I shorted AMZN yesterday at the end of the close and covered this morning. I will continue to short any pops in AMZN because they are getting desperate. They are coming up with all kinds of gimmicks to get attention as there sales growth is slowing.
Although the two companies trade almost in tandem, NFLX is in much better shape than AMZN. Last quarter AMZN missed again (3 out of 4 quarters missed) and NFLX blew the numbers out. One company is profitable (or at least reports like they are) and the other loses money and gets free passes from Wall Street. I wouldn't want to buy either on the long side now, but NFLX should perform better than AMZN. Both will probably go down much further though IMO.
I think your reasoning is way more accurate than mine. I thought it was because they were making drones, inventing wands, and new useless set top boxes that are priced higher than RoKu and other competitors. I do like the 10,000 year clock though. I hope it has a better interface than Prime though. It should seeing how the canvas is within a mountain.
Which calls are you referring to? The only calls I bought were the ones I sold right away for a profit. If you want to take me to task on a stock do it with LGF which is where I'm getting killed. On NFLX I have done quite well, granted a lot had to do with luck and timing. The only reason I like trading NFLX is because you could be long or short almost everyday and be lucky enough to make money as long as you don't get greedy. It likes to go up and down almost every day. My LGF only goes one direction, down.
You nailed it on Prime. My kids like the Viacomm content better too, but the interface is horrible. I do not understand why AMZN can not do a better job on the user interface. They have such a detailed interface for their shopping site, but pretty much ignore Prime.