NETFLIX: Short Sell

Chris Mac said:
Traders who know how markets and stocks work would say : not really far.
For the coming months, NFLX will outperform the market. This is a darling.
During the last two weeks, internet stocks are falling : EBAY (-15%), BABA (-12%), FB (-10%), AMZN (-10%), except Netflix with a little -6% (vs Nasdaq 100 : -5%)
This emphasizes an exceptional relative strength compared to peers.
NFLX : maybe (and I say maybe) a correction @110/112 dollars ? => STRONG BUY.

CM
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If you say so. In the meantime, she is plunging down! 110/112 would be great. That would be nice profit point for me.
 
SimpleTrades said:
Trailing cover set at 115.

Edit: That didn't last long. I'm out.
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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.
 
Chris Mac said:
Traders who know how markets and stocks work would say : not really far.
For the coming months, NFLX will outperform the market. This is a darling.
During the last two weeks, internet stocks are falling : EBAY (-15%), BABA (-12%), FB (-10%), AMZN (-10%), except Netflix with a little -6% (vs Nasdaq 100 : -5%)
This emphasizes an exceptional relative strength compared to peers.
NFLX : maybe (and I say maybe) a correction @110/112 dollars ? => STRONG BUY.

CM
More...

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