NFLX Tuesday Jan 19. TSLA Wednesday Jan 27. Plus MSFT, AAPL, FB, AMZN and GOOGL in the coming week or so. Check the dates in case of error. Anyone bearish/bullish on TSLA has a week to figure out what they are going to do.
Netflix earnings are nothing but subscribers. They miss and stock falls 10% Wayyy wayyy tooooo much competition out there, im shocked they have held on this long, but the amount of streaming content available out there today is completely mind-boggling, the amount of content people consume is frightening these days.
I’ll be shorting TSLA soon again. As soon as I am able to turn in my bags of recyclable cans and bottles for cash, that is. Seriously, TSLA, like any other underlying, reaches a level of interest where short term momentum is all you need for positive expectation trades from either the long side or the short side depending upon which side of momentum the trade is on.
Netflix subscriptions go steadily up and to the right. Basically no one cancels. There is not nearly as much competition as you think; Netflix is competing against cable, not other streaming services. (People with D+ or HBO max don't cancel their Netflix, they end up with both.) I'm long NFLX, but I don't actively trade it. I have no idea what the price will do tomorrow afternoon, since the market has absurd valuations of this company.