NETFLIX: Short Sell

$NFLX covered short this week during fed movement - will revisit

 

If you say so. In the meantime, she is plunging down! 110/112 would be great. That would be nice profit point for me.

 

Trailing cover set at 115.

Edit: That didn't last long. I'm out.

 

No doubts it's will tank to $100 by the new year.

 

hahaha, Stock market is different to derivative market...when there is a gap, especially, upgap, according to price discovery literature, it signals good news it's because of the short selling constraint. When there is a good news, smart money shows aggressive trading whereas when there is a bad news, then they become very passive because there is not much thing they can do in a short time...but will see. Although I know better about derivative market, I am still learning about stock market.

If the current move is the correction and that's what I am thinking it is, it's nearly finished. so probably sometime next week, it will rise dramatically.

 

I totally agree with you. I would set a limited buy order around $120

 

It won't last all-time. Surely expect a bounce back to $120.

 

Nice recovery for $NFLX, but still has not retaken 117.2 support level. Maybe it really wants to fill the Gap at 106.97 instead? We'll see.

 

Now is the best time to go short on it, if you haven't already.

 

Be careful with it, because the shorts are going to drag it down badly.