$4B this afternoon, $3B tomorrow, $5B on Friday
I don't think you will see that kind of correction this year. Maybe some trimming but they have to show NFLX on the books for year end. Q1 is a different story.
He didn't answer the question about the set top box but clearly a direction they want to go.
That would put pressure on NFLX for sure.
I would be surprised if it did just that....so far the popular trade is working
can't catch a break..TWTR, DDD, FB, LNKD...all down big. Though NFLX would give us a taste as well.
If the company pulls down $ 4 bucks in earnings next year and grows 30% for the next five years, the stock should trade at 60x next years earnings or $240 bucks. Even is you use the same logic on 60X 2015 projected earnings of $5.2 the stocks should be around $312. Pushing it higher here is setting up for a strong pullback in 2014
when a stock has 90% institutional ownership you are correct but it is tough to get the stock to move like that until one of the dominos falls. With the exception of Carl, These guys are holding on to their shares and not looking to make any moves.
Several outside reversal bars on the chart that never seem to play out. The week before earnings, the day after earnings, even 4 trading sesssions ago....none of them ever play out. That is what makes this stock so hard to trade. The spikes up and down are random and difficult to predict, and the premium on options are so expensive it makes it hard to make money if you trade it.
It can move $22 dollars in one day - I don't get the point. I can assure you that 6% is not the thing separting TW from considering NFLX . . . .
He said that rates would be near zero for a long time....this does not mean the fed could not start tapering. I think this is the fed trying to separate out tightening from tapering. The asset purchase program is going to start to wind down soon and December may be the time to do it - it's one of the strongest months historically and everybody is anxious to buy any dips to catch up to the S&P so the drop may be minimal if they announce tapering
really - you think there will be that kind of move to the downside given the monthly comments by JCP? The sales results have been reported monthly. What is unknown is the impact of discounting on GM, the overall opex structure (they have the costs of a $17B company and it should be aligned with a $12-14B co) All issues they were working on.
Guidance is absolute KEY for the holiday quarter. If they can clip last year by 10-15% that would send the stock north....
I did the same exact trade...using options. Picked up a substantial position on the Dec $8 for a $1.10. Picked up a nice return in just a couple days from that dip last week as an entry.
Was thinking of I should have waited until after Macy's reports just in case they miss and the sector falls but I went for it anyway.
About two or three weeks ago JCP's CEO mentioned that a lot of bottom fishers were calling him and said it would be disclosed in the 13Fs. I think it could be really interesting.
I had a Jan 7 call position I sold yesterday when the stock hit 8.70 - bought the December 8 calls for a 1.10 today. I was wrestling with waiting until after Macy's reports but I didn't want to miss the move up in the sector if they come out and say the consumer is spending. JCP has the most beta with all the shorts out there. The Malls seem busy to me and with the market and home prices up I think people are spending.
Look for SSS reporting for November on the 8th , which is their last opportunity with the quiet period prior to earnings. If it's better than expected (north of +5%) the next phase of this squeeze could start.