NETFLIX: Short Sell

SimpleTrades · Oct 20, 2016

vanzandt said:
Simple.... Don't do trade them now, but put VMC and MLM on your radar. They both report on 11/1 and they should see a nice rise going into the election. They have already run quite well from the 52 week lows but have backed off about 15% from the highs. VMC is the better target imo. I think they will be great shorts at some point. This is of course contrary to all of the "America is going to spend big on infrastructure" banter going on. Any time a specific group runs on future hype.... its usually sets itself up for a good long term short play. I like materials because they are easy (for me) to understand. Higher diesel fuel and energy costs in general really hurt this sector. FWIW... you seem to trade like I do so put these two on your radar. peace.

Thanks, I'll take a look.

Michael J. Fletcher · Oct 20, 2016

SimpleTrades said:
Up 8% on DB; Down 2.5% on NFLX. 5% of portfolio on those two stocks.

Good results, congrats :finger:

.

SimpleTrades · Oct 20, 2016

Michael J. Fletcher said:
Good results, congrats.

I took 10% on DB and exited. NFLX is hurting me at -4%. Sigh!

SimpleTrades · Oct 20, 2016

Chris Mac said:
DB quoted 12.6 @5:01 CET.

No! As a matter of fact it did not. DBK.DE however did quote at that price. I stated the correct ticker symbol in post # 25. Please, stop arguing. You made a small mistake. Let it go.

vanzandt · Oct 20, 2016

SimpleTrades said:
I took 10% on DB and exited. NFLX is hurting me at -4%. Sigh!

Yeah... when they jump like that when there is a large degree of short sentiment, they typically continue an upward move. Write it off as a good lesson. Don't be afraid to bite the bullet. It sucks but whatever. And lol, as soon as you do, it'll drop to $118.

Keep an eye on HOG.... let it go up about about one more dollar(or .75ish)...... and then take all that NFLX short money and go both barrels short on Harley. $55.61 now. It may not even have one more dollar left in it. HOG is a pig. Its going down. Safe trade.

Lloyd W. Coutee · Oct 21, 2016

$NFLX at this price netflix thinks it will create 13 Star Wars Franchises

SimpleTrades · Oct 21, 2016

vanzandt said:
Don't be afraid to bite the bullet. It sucks but whatever. And lol, as soon as you do, it'll drop to $118.

Oh I know, I know. Lol. I have been burned several times before in this way on the USDCAD short. I cover and within weeks the trade moves in my favour if ONLY I'd held on. Each time I cover, I've broken my own rule and of course I curse for breaking my own rule.

SimpleTrades · Oct 21, 2016

ok, that's enough. I'm out. Bad call.

syswizard · Oct 21, 2016

vanzandt said:
HOG is a pig. Its going down. Safe trade.

Oh yeah Zandty, I'm all over this one.

vanzandt · Oct 21, 2016

syswizard said:
Oh yeah Zandty, I'm all over this one.

Give it a little more room to run. The chart is saying its not done yet.

They are laying off 275 people, will take a 20M charge, and they are releasing a new engine that is supposed to be all the rage. Give it a few more sessions and then we'll re-evaluate it.