market up - CMG is up further, market down, CMG is up....there is no rhyme or reason - this is way over priced and overvalued - retail is not even participating in this bogus run up. It should have been back at 500 by now - at the very least.
this stock is totally manipulated like PCLN, AZO, and SHLD (at some times), there is absolutely no justification that I see it trading at the multiples and price value of above Apple - be that as it may, someone(s) are keeping it elevated - so I am out - taking my huge huge loss and make up elsewhere.
I don't understand it....it never goes down, it appears to be consolidating at 529/530 level and has not had any meaningful pullback to 500 since going up 70 plus points after an Earning Miss....this makes no sense - someone big must be holding it up - the question is why - who wants this stock at 530.
I don't understand
In other words, he thinks the street is being more generous with their share price, I would expect this to head back to 320 within the next one to three weeks.
In my past experience, though I could be wrong this time, this type of run up, is indicative of a sell prior to earnings - not a buy.
See TSLA's move today - PT was put on this of 240 - Crazy valuations for TSLA and now the same with NFLX - I see Teslian move like today happening tomorrow for NFLX - not crazy downside though - more of a measured downside.
This stock scares the shxt out of me - already 5% move to the upside on a predicted 12% one way or other by analyst. One side is going to get hurt very badly tomorrow - I can't even tell which anymore.
Typically Market Theatrics - The institutions bid it up - nervous retailers get in and try to take advantage of the pump up, and while doing so, the Institutions are selling at 348/349 - but it will stay elevated to keep the game going - while selling out their position. I have seen this game over and over again, where a stock is bid up prior to earnings to get the max out of retail investors and then, it is dropped, and retail is left holding the bag. Could NFLX go higher, sure, but I think it is due for a slight pullback to the 290 - 280 area first - maybe 275.
all things considered - still one of the most amazing up moves in one day.
way out of whack.
because everyone wants it to go to 334 - its very top and a 8% move on the stock is overdone on very preliminary deals. I would expect this to regress back to 250. Not tomorrow, but within the next month. In the interim, if I was long, I would definitely be taking some profits today. If a debt deal does not get done, it could see 250 rather quickly. As the number 1 stock going up this year, it would have the most reasons to fall technically.