LOL!!! let go of this pig... or let go of your cash. Easy choice imo... LMAO
It is tempting to trade this stock but I am sticking to my cover strategy at $62.
I thought so too. Market keeps going sideways and MU keeps rocketing up on high volume. If it holds above 13 today, I am jumping in long. Great momentum!!
I agree the broader market is moving nflx more than nflx is moving nflx. i also know this stock will be one of the best shorts when the market melts.
LOL... you are too much sybs. We are not even back to pre-earnings meltdown and longs are cheerleading like they made lots of cash... lol. I like your 104 top made when it was at 98.... sweet.
Sibz, i am too impressed by your call for 104 high a couple days ago. It hit it on the number and I shorted more at 103.10. Scary how good your predictions are.... rise slowly... fall hard!!
You have to be careful shorting and over extending. I never short more than 20% of my holdings and rarely go into margin. This stock will rise slowly and give it all back in 10 minutes. you have to be in a position to continue shorting on the way up.
I thought you just shorted more??
congrats Sybs!! I shorted at 97.60 yesterday. Wish I would have been more disciplined like you and incrementally shorted.
I'm in. Just shorted at 97.60. Thanks Sybs... hope you are right again.
I think this is a good strategy. However, I do not believe it gets by $98. I closed long position and shorted at 94.90 today. I plan to triple short position at $98 and will cover at 112 or 62... whichever comes first. Best of luck to you Sybil... you have had some good predictions on this MB! Thanks!!
That is a smart move. Showing weakness here. Good luck
It is topping off the dead cat bounce. I had hoped for a bounce to high 90s before it started back down again but closing high on low volume the past few days is a clear flag the sellers are about to take over.
I am looking at the stock and may purchase this week. I have had 2 loans from them and I love the concept. I also have an investor account with LC and my only complaint is the poor effort to collect unpaid loans.
Watching stock closely... this could be a great buy under $5.
I stopped reading pundits opinions years ago. your posted article is exactly why. he called for support at 90 and it dropped to 85 within 2 days... thanks for reminding me why I do not listen to these guys!!! I don't see support until $62... i am buying puts to protect losses. This WILL be a good stock again but shorts will probably take it down significantly from here.
I guess the earnings hangover downward spiral continues this week. I bought in high 3 weeks ago and wrote covered calls because the premium was good. I am only long now but I estimate this weeks range at $84-93. What worries me more than the poor fundamentals of NFLX is the overall likelihood of a sharp market downturn. I have a feeling NFLX will get punished when this happens. I am buying protective puts until this thing settles. Wish I would have went short pre-earnings but you just never know!!
I agree. I think it is a good IRA investment. If the company continues to improve I will keep buying...