Trading for a Living - the journey to self discovery

Quote from traitor786:

yay another Netflix chart
I think your channel is sexy at a glance :)
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LMAO...hope u are one good looking blonde babe!

NFLX didn't crash more despite the general market going nuts; hmmm...Looking for $260 to bail.

Looking to close 3/4's of RIMM short position tomorrow...let's see if it closes near or at $26.
 
Quote from Th3UglyTruth:

LMAO...hope u are one good looking blonde babe!

NFLX didn't crash more despite the general market going nuts; hmmm...Looking for $260 to bail.

Looking to close 3/4's of RIMM short position tomorrow...let's see if it closes near or at $26.
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Closed 3/4's of RIMM position at $23.71
NFLX at $248

Keeping cash; ready to go long anytime.
 
Deja vu?

In the weeks leading towards the August debt ceiling decision, the market barely flinched. It then began to sell off a few days prior and gathered steam after the debt ceiling was raised.

Was the debt ceiling to blame for the sell off or was that the usual Aug/Sep dip?

Debt ceiling
- Not sure what was the big deal. The US gov't can print all the money it could if it wishes to. If anything, inflation would be the issue. There was no way the ceiling wouldn't have been lifted.

On my "rebound indicator"; it is flashing a buy signal (<10); last time it did that was Mar 2009/Dec 2008/Sep 1998. Only crappy part is I look at it on a monthly basis and we are only a week into August. So, maybe premature to jump in right now...
 

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Quote from Th3UglyTruth:

Closed 3/4's of RIMM position at $23.71
NFLX at $248

Keeping cash; ready to go long anytime.
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Out of RIMM completely at $26.20.

Rebound indicators did work! :D
 
The hardest part is pulling the trigger...

Still got AAPL; will add to NFLX short if it breaks $202.

Nibbled at GDXJ @38.75

Gut tells me we have or are close to bottom...trying very hard to stick with plan to wait for our signal to go long...
 
Quote from Th3UglyTruth:

Holy smoly! NFLX is now $134!!!! This baby is imploding! wow.....

Congrats to all those who took the ride down!
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Missed this downturn? Don't worry...it will bounce and we will ride it back down again!

After going thru the financials, I find it hard to understand how this will survive...

Try their service for a month and see if you want to continue paying...
 

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Quote from Th3UglyTruth:

The hardest part is pulling the trigger...

Still got AAPL; will add to NFLX short if it breaks $202.

Nibbled at GDXJ @38.75

Gut tells me we have or are close to bottom...trying very hard to stick with plan to wait for our signal to go long...
More...

Out GDXJ @$36; reminder that I need to control my trigger finger!
 
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