Last time it bounced off the 50. Lets see what happens this time.
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.
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
The rest of this week is down after they good news of today. Solar panel market fundamentals aer still weak. Solar plants have to be subsidised and last time I looked most countries are just trying not to go bankrupt, including the US. What for deficits to get undercontrol and the weak solar players to be eliminated before going big with solar.
And see it is on a perfect bear downhill slide. The steps are perfect. Next let is 100. Then back up to 105, down to 95, back to 99.99, down to 85 back to 89, down to.... well you get the idea. Perhaps at 50 it will stabilze. Enjoy Oh by the way, strong buy is for Puts