Looking back at the past few years, NFLX has also run up on the second day every time after a big earnings jump. Today's close was bearish; however the day as a whole was very bullish. My personal belief is that the same thing happens tomorrow. I can see an open of 565, low of 560, high of 575. Does anybody have any honest thoughts about this?
I have also been looking to take a decent position in UWTI. However, i am afraid that unless oil exponentially rises this summer, the ETN's rate of decay will offset any potential gains. If oil stays in the 50s, I could see this hover in the 2 dollar range or even go lower, calling for a reverse split. What do you think needs to happen for the price of oil for this to go to even 4 dollars again? I was trying to find out what type (short or long term delivery date) of contracts this fund invests in, but have had little success finding exactly what this fund buys.
I know I have seen this a couple of times with high beta tech stocks. I can't remember if it was FB, TWTR, or something along those lines. I think they also had big up days on the date of lockup expiration. I am curious to see if those stocks continued to move higher in the few days/weeks after as well.