at this point...I believe that (if you look at the option chain) that the MM's may try to squeeze this all the way to 660 by Friday. Who knows what price target they will be shooting for with the 10/1 split factored in...in other words they may try to push this to 650 or even 700 to acheive somewhere between 65 and 70 when the split occurs. Remember folks, this has nothing to do with "valuation"...this is a trading vehicle/growth story at this point and I think with all the news out they may be using this as one more "short squeeze" opportunity.
I tried to trade that way for years...you are going to get run out of the market because "book value" is not how the Street trades...it is ALL about growth and NFLX has the "growth tag" right now...this will remain irrational a lot longer than you can stay short...think of it this way...as of today NOBODY who has ever shorted NFLX and is still hodling is in the money...nobody.
You are lying through your teeth about the rumor...you know nothing other that you want this to go above 650 (which I do too by the way)..you should know that if they vote today for a 10-1 split (which is likely) it will not start trading on a split adjusted basis for about a month probably...I do hope that it hits 650 TODAY before close and heads to 660 by Friday (options indicating it might)
Sybliz...I know we have disagreed in the past and I still think you throw out crazy type numbers but let me say this...I so hope that you are right with this crazy call as I have the 650 calls that expire this Friday...I REALLY need this to go way up...the fact that I bought calls will probably put a lid on this unfortunately...I am truly hoping for a short squeeze like you are predicting...gl to you
The last two days have seen a big sell off into the close. With this being a weekend, and the stock being up on a down market day, this would be a really good sign of a reversal to the upside. Time to buy folks if this gain holds/increases. Watch the action here at the close today.
I look only at the weekly options that were written THIS week. That is the max pain number I am referencing. 425 would cause the most "pain" for the options writers that wrote options THIS week (and thus cost/paid the most)
Very nice trade. Congrats. I went long KORS at 46.20 and added at 45.70...take a look at it as well...P/E is in the single digits if you back out cash.
If you hold your option to OE day, you truly are at the mercy of where the "smart money" guys want/need the stock to close at. I will never forget a couple of years ago before AAPL split its stock this last time. The stock was trading around 535 dollars at the time. On an expiration Friday afternoon at around 3.58 (two minutes before close)...the stock literally dropped from 534.85 (I remember the exact price) to 530.17 on the close. How would you like to have had the 530 calls that expired that day? They wiped you out in less than 2 minutes. That is a HUGE amount of money that literally got stolen from some people and given to others (the 535 Put holders).
It truly is a wicked game these people play.
I don't expect it to get there, but these crooked market makers can do anything they want. I do think you can expect it to close lower than where it is now.
this guy actually seems to have s little market sense but nobody is going to listen to him because he is just ridiculous. I find him particularly offensive and do not understand why he is not blocked by Yahoo
Says that Kors has authorized an additional 500 million dollars for stock re-purchase. Also says that this was the biggest percentage sell-off ever for the stock. Prepare for a "snap-back" tomorrow folks. If you were holding before the call, you got a ways to go...if you bought today in the 46 area like I did...tomorrow means $$
I doubt a dividend very much but I am betting on announcing a stock buy back within the next day or so.
He just talked about it and said it was "horrific"...stock has not gone down at all. Then he said, use overdone sell-offs to buy into companies you like and believe in.
the "smart" money buys in. Warren Buffet, the company who got slaughtered (when they have buyback cash like KORS does)...patient traders, and now, with KORS, you can add in VALUE investors. Oh, and when the shorts realize that the selloff is over, they will cover (at a terrific profit by the way) and the price is going higher still. JMHO
You know that is a lie...her exact words were "I haven't sold any, I did not buy more today but I believe that the company will step in and buyback shares within the next day or two".. She also said "this is deeply undervalued and way oversold"
a fantastic way to make some serious coin here folks. This will be my best trade this year. I went :all in" at 46.20 and expect to sell well north of 50 VERY soon. Will hold some until 60ish and a small position even after that. LOOK at all the price targets out there. This is going to rebound and the same folks who made money shorting/betting against it....will now start to buy in and send this back up soon enough. If you can get in below 46 again you really should take it. JMHO
said and that she believes that the company will announce a buyback within a couple of days. Guy Adami said "it is a good set-up for a long trade here". Back up the truck if you have the stones here folks.
I damn sure hope she says " i'm buying all I can here"...I admit this is NOT good to close at the low of the day
You most likely will never get filled and will get back in higher than where we are now...this is a classic overreaction to news that was not that bad...the fundamentals are strong...you MIGHT get 45 but this looks pretty much like a high volume washout to me today
That might be doable today...more buying will cause more buyers to jump in as they feel they "missed the bottom"...I don't know about today buy by some point tomorrow this will be trading in the 48-49 range again