NFLX, attention dip buyers

Quote from AAAintheBeltway:

Well, everyone had a chance to offer some comments. Actually, I agree with some of the negative comments. The stock had a run but sold off ugly yesterday. Normally I wouldn't touch that kind of action with a barge pole, but the report was so good and it had shot higher previously on some good numbers, that I thought it could reverse.

When I posted the alert last night, it was down to 43.5 or thereabouts as I recall, high so far today was 49.92. Move over MrMarket!!!!!
More...

Alarming action today with NFLX. Yesterday it was down something like 9%, today up about 14%. It is difficult for anyone, short or long, to position themselves for that kind of action without risky wide stop loss orders.

One could conclude that the "powers that be" need NFLX's price to be in a certain range for options week and that they have the power to move it there. Monday will tell more, parabolic moves usually don't end well and create a class of bagholders.

I trade 3 high beta stocks right now, but am able to keep 3% stop loss orders in place and my stocks do not move like this!

Best of luck trading this thrill ride!:D
 
I was going to suggest buying the stock at 49.80 and selling the oct 50 calls, which go out tomorrow, for .95, but while I was on a 10 minute phne call the stock went to 50.93!!! Now the calls are 1.65 bid, which is still a lot of premium for one day.
 
Quote from onewaypockets:


Take a look at the RSI or RSX divergence and trendlines on a 120 minute chart. They all point to down since mid day 10-14. That would have been the best time to take profits of the last 2 weeks....
More...

Whatever ...
 
i bought this whore last night at 46.50 on the bullish earnings (chased a little, but it was all i could get). it plunged to unchange at 45.00. i was pissed, because i had been down 3600, and i made it all back, and was actually up 2200 at then end of the day, only to lose most of it in 2 minutes on this piece.

i decided to go ahead and hold it overnight, and was happy to lose only a couple hundred on the trade when it opened up 1.50, where i bought it. this, until i see it go up 4 more points, missing out on 4000. nauseating sequence of events.
 
to start watching L2 again and start trading Nas equities intra day again. The Bubble's back, long live the bubble. NFLX going to 100 LOL
 
Quote from Mvic:

to start watching L2 again and start trading Nas equities intra day again. The Bubble's back, long live the bubble. NFLX going to 100 LOL
More...

It might make 100 today! lol
 
Quote from dafugginman:

i'm going to be sick.
More...

It has to be a lot of short covering to make a move like this...imagine how they feel. Some of them could be down almost 20% in one day if they are really foolish. At least you have your nut to move on to another trade.
 
Just goes to show you the "smart money" know exactly how to pound the living bejeezus out of shorts.
Over half the float has been traded already..

NFLX:
Float 10.8M shrs!
% shrs owned = 95%!
Short interest = 89% of float!!

With these picture perfect stats (short squeeze), just takes a little buying to light the dynamite.
Important thing to remember is it's not the current s/holders in the stock that can hurt you but those that aren't ie. hidden buyers.

Same situation with EXPE ROOM JCOM... shorts carried out on a stretchers feet first..

Now what were the the negative divergence, RSI, schmundamentals/overvaluation etc experts saying ... LOL.
 
You must log in or register to reply here.
Back
Top