Last time it bounced off the 50. Lets see what happens this time.
I swear Credit Suisse should be investigated for fraud.
Think maybe they need to get some clients out of this crap?
So at about 107 to 105 you may get a small bounce where you can sell.
Yeah, for sure, then go move back in with your parents, I am sure they will listent to you.
Almost everytime a chart has a top formation like this you see a big drop the following week. Hints will come at how this closes today. I am currently short.
There was only a two day supply of shorts to cover. Today is the close out sale. Next step will be for profit taking from long traders. The comes the big move back to fill the gap back down to 105.
Give me a break. Look at the trades. 90% of trades are for 100 shares each occurance. Perhaps a trader is wanting out of a bunch of shares in the morning so they are setting up a early morning run up. When there is no news you know monkey business is going on.
It's not where a stock has been that counts it is where it is going from here that makes it a good or bad stock. Too much risk to the downside compared to upside. Study economics and you will learn where there is a high profit margin there will be a flood of copy and competition which will cause NFLX to have to reduce margins to stay on top.
NFLX is a great company with great leadership and they will dominate streaming regardless of who competes. That does not make it a great stock. Today's comeback is just profit taking by shorts over the last month of gains. It may dilly daly around 200 and 210 for a while, may even go to 215 but then head back to a a very good Forward Earnings PE of 25 putting the stock at about 130. Anyway that is my take, I could be wrong.
Sold me calls not buying puts again. I love this stock