"And the overall market is at all-time highs."
But not for much longer... The writing is already on the wall.The top is nearly in...maybe another 200-300 points higher, but that's it.
And after that this market will be tanking like the USD, as foreign capital bails.
If you're smart you should be planning to be completely out by Thanksgiving.
Friend, everyone with an IQ above room temperature knew this would happen today... Hasting is simply a scapegoat. The hedgies, including iCon were going to sell/short no matter what NFLX reported yesterday. Didn't you get their memo?
Average down and buy puts, or sell some calls against your shares because this piggy will see the 30s again after they announce Q3 earnings on the 29th. Watch and see.
Yeah right, will end the week under 50 and then continue to tank further following the release of their earnings report. BIG SURPRISE! Every hedge fund guy on WS will tell you the same... Or haven't you noticed that FB ended the day down another 2% on a day when the market was up nearly 100. Tell me genius, are you always this dumb or is today a special day?
Damn mOn, you most have the IQ of room temperate.
Litsen here not2bright, do yourself and your family a favor and get out now, or at least buy some cheap Nov. 1st '13 puts as a hedge b4 you lose it ALL!
FB will be renamed FaceBOMB after the earnings announcement.. ALL the hedgies know it, while is why they're using days like today - when the market is up +100 point to UNLOAD!
So, wake up and get a clue m0r0n!
This is only getting better & better with each passing hour... I knew a top was in as soon as iChon announced his purchase.
Who didn't? Every profession short was shorting this POS yesterday... I know of two individuals who shorted it at over 390 in AHs last night... They all told me this would happen.
THX. Last night I was looking like an idiot for making the trade, today I'm a genius...still can't make sense out of it. Maybe, next I'll try my luck w/ LNKD. Or not!
Funny how things turn around... Last night I was looking at a loss of roughly $30Gs, but what a difference a day makes... Now I'm up roughly 14Gs on that same short.
Ponz, that's what I get for being greedy... Actually, it wasn't that...the truth is I had acquired quite a sizable position in that stock since Feb., but didn't want to sell for tax reasons. So, instead I tried to hedge by selling calls and shorting shares... Now, I only worried some of my shares might be called if it breaches the 400 mark tomorrow.