Look at the bid/ask spreads, particularly at the open. As sellers line up, sometimes a one dollar difference in price is separated by just a few hundred shares. I've never seen the like. It's every day with NFLX - small float, the majority of the volume computer trading (balanced on both sides, bid and ask) making it appear there is much more legit. volume than there is - ergo quick big moves.
You gotta love what Congress and President allow.
Amazon, Netflix and a few others are the exception. The market overall is not grossly overvalued. Interesting, isn't it: a company that's mostly warehouses full of illegals stuffing boxes is considered 'tech.'
As a chart watcher, I look at the big ugly stripe Tueday and think 'funds ain't going long and swing traders aren't gonna fight that.' My guess: tests $290 support in a few days.
On Tuesday-Wednesday NLFX swung 70 bucks and found a little stability $15 above its bottom. The run-up is busted. Whether it can get back is TBD. Interesting.
Exactly. Zip volume, zip interest, barely a heartbeat.
I'm not a Hastings fan, but you are wrong on both points. There is zero evidence he has manipulated. And Neflix has not been diluting with 'massive share offer every time' during the past 3 years as you say. You might want lub your brain with knowledge.
You're right about there being lots of positive possibilities, which is why the stock has zoomed. But at the current $320 price the PROBABILITY of further large PERCENTAGE GAIN is small.
I don't see margin calls being significant in this situation. We will see . . . What I do see: slow reacting mutual funds (and some hedges) following the Icahn lead liquidating some on Wednesday. Nobody wants their boss saying "Icahn sold down, why didn't we?"
The volume at the open will be instructive. Like you said, smart players usually wait for direction to show itself.
Even if it closes right now, NFLX's day chart will be glaring: a big ugly spike on volume signaling top.
Liabilities are hitting right now. Netflix seems to be matching them with narrow cash flow. And why a second offering? Use your head. Underwriters know the stock is too high. Trying to #$%$ money on a peak is rookie.
The 'it has to fall' disease proved fatal for a few more shorts today. Maybe more than a few. Knife catching has been around since tulip trading. It is an interesting compulsion - the 'fundamentals mind' overriding the 'trader's mind.'
Fact: NFLX has jumped on earnings for several quarters. Fact: Netflix management is conservative on Guidance and has met or beaten for several quarters. Fact: the competition shows no sign of gearing up. Fact: subscription growth continues, as it has for several quarters. Fact: the smart trade has been volatility, which has been true for two years.
I too think NFLX is overvalued, but . . .
For years I mail ordered shirt because my Catalog Store had 1/2 inch size increments giving me a perfect fit. Is JOSB doing something similar on computer?
I'm baffled why so many are attracted for momo stocks (long or short) particularly in a frothy market. Most conservative investors (the attentive ones) have probably made at least 30% annually each of the last two years w/o much risk or stress. In a broad bull market, why play with fire?
Different strokes for different folks, I guess.
I'm sorry about your GOOG hammering. You seem to be an experienced investor. You probably won't be suckered by the 'get back even' itch.