I don't care one bit about valuations, etc... I know that 25%+ moves don't hang up in the air without blowing off some steam. For now Bearish
NETFLIX: Short Sell
- Thread starter SimpleTrades
- Start date
I agree. Contrary to what I said a couple of days ago, I didn't cover it all. I'm still sitting on a measly 25 share short. Of course, even those 25 shares are going to get expensive if it continues to rise like this. However, I think we will see a bit of correction today in response to the AT&T\Time Warner merger.
There's $129.
Lets see if that holds for a bit.
Yes. I can't deny that the $119.10 entry was way too early.
Netflix isn't going to operate in China, that's a sad news.
SimpleTrades, I made a correct assumption. I know what is the DB ticker, it is my job.
And I understood you bought two weeks ago, fine +10% (amazing). A winning trade, but an ugly trade. Buying an ugly stock at the 2/3rd of a countertrend in a massive downtrend is at best pure luck, which was the case here. You waited a +20% rebound before entering, which was also a bad timing. With Unicredit, DB is the ugliest bank in the Euro banks sector, which you may know is still a sector facing a huge bear market. Exactly the contrary of a good strat : buying strong stocks in strong sectors.
Oh no. DB goes back to 10 EUR from 13 EUR and odds are high for a new lower low. cf graph. LT MA are still declining. This is bear bear bear.
Anyway, if you want to improve your trading, learn what is a trend. Or not.
CM
Sigh! OK, so why did you reference the wrong price and wrong ticker symbol if you knew which ticker symbol I was referencing?
Yes, I know. Its always lucky when somebody else calls the right trade and you don't.
This is the kind of statement that applies to investing not trading. I think you and I are working in entirely different time frames.
Good grief. Leave it alone.
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Of course for investing, but trading too. This is called trend following. But there are many ways to skin the cat. Understand and follow the trend is one of the best to make money, as a trader or an investor. I assume you don't understand what is a trend when you want to short Netflix after a big gap or think DB is a LT buy.
CM
Yes, I understand what you are saying. I wrote 3 months ago Netflix was a BUY. +40% since then. I think I know what is a good call, right? Brazil Stocks : BUY 8 months ago. +70% since then. Short Biotech sector last year. -40%. Short Valeant this year. -20%. Etc etc. Reread my older posts if you don't believe me. This is called surfing with the trend. And now my call : short DB until at least 11, then 10 if 11 doesn't hold and heavy shorts below 10.
CM
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