Closed NFLX short @291.50; $300. That wasn't a very good use of a stream... So far, no trade today...looking at SIRI but the float is making me wanna barf...I keep on reminding myself....don't be judgmental...you just need 10% from $2.18....$2.40 is do-able lol. Don't like where it is sitting right now....but earnings is coming up...
Second that! NFLX traded up to $300 today! AAPL went back up to $358! grrrr...... Reminding myself there is another bus... Picked up JJG on stop yesterday...
In the past; I've avoided trading stocks with larger floats (85M average daily shares!) with nasty fundamentals (IMHO). SIRI comes to mind. Interestingly enough, over the years that I've looked at this from the sidelines, this has managed to get out from a near death experience rising from the ashes to quietly racking up gains! So, I decided to take it on. Not too pleased with my entry point as I bought it on pullback after news of its inclusion to the NAZ index. Reports earnings on Aug 1st I believe... I have a feeling this will be like watching grass grow... 10 cents in the next 4 trading days or so would be good in my books!
What to do with earnings coming up...$364.92 closed on Friday; broker previous high by $0.02. Options don't look as cheap as they were in June; grrrr...to let those Jan 375's go too early! Another train is what I want to tell myself! Seems like we only have a few options... - play the earning pop (assuming there will be one) by purchasing Aug calls - play the follow thru At tipping point?
Buy Stop placed at $33. Looking at $29.65 to close position if it bounces. IF not, we will continue to hold the short position.
Im not sure if Id short it, but its not a bda move, actually now that i had a look at it i d be willing to take it up for 5 days, around then 5-7 days id consider going long depending on how things look and is there is some strength in the turn around. I like this chart too
ok im not sure if i should be posting here.. but here is a some thing new I've been working on , so its may be off. but if your trading the spy tomorrow then would be good to have a look just in case it shows any validity