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NFLX - Netflix

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  • Jan 23rd, 2024 10:42 am
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Deal Guru
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Jun 26, 2005
10111 posts
1966 upvotes
Toronto

NFLX - Netflix

NFLX is doing a break out. It went above previous high of $90, and coming back down for a re-test. One would go long say 88.94 area. Stop be 87.50.

Target 1 looks quite promising near $99 or 100


See if this works out.
283 replies
Deal Guru
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Jun 26, 2005
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Well, this worked 100%. Except the entry was actually at the breakout point at $90.
Banned
Aug 24, 2012
96 posts
EAST YORK
rofl these kid and that other kid antonylingo crack me up

gotta love it
Deal Guru
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Jun 26, 2005
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Prophet01 wrote: rofl these kid and that other kid antonylingo crack me up

gotta love it
You like to lose money I guess?

You all crack me up too. Every time I post a winning trade, you all somehow see the opposite and say it cracks you up? Are you all like living in the opposite world or something? Your statement is totally incorrect yet you think it is?
Deal Guru
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Jun 26, 2005
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continues to profit, up to 97.26 even as Markets are lower.

Again, proving big institutions uses Technical Analysis
Newbie
Sep 26, 2012
78 posts
5 upvotes
Brossard
I think the problem to why people start bashing you is that you hype yourself and the academy you attend to so much.
If you just gave friendly advice here and there, people wouldn't bash you.

And I have an honest question: Is this your full time job? If it is, I understand your dedication to it.
Deal Guru
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Jun 26, 2005
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ChameleonOne wrote: I think the problem to why people start bashing you is that you hype yourself and the academy you attend to so much.
If you just gave friendly advice here and there, people wouldn't bash you.

And I have an honest question: Is this your full time job? If it is, I understand your dedication to it.
Appreciate your comment. I am not trying to hype anything, but I know it comes across that way. I only state the school to show everyone that this is not from my own head but based on real education.

TA really is how the markets are being traded. Its reality. Everyone that doesn't trade that way is simply going to transfer their money to those big institutions.
Deal Guru
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Jun 26, 2005
10111 posts
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Toronto
there we are, NFLX continues to go up, now at $136

Now up 51% from my initial $90 (see above) entry post
Banned
Nov 27, 2006
2200 posts
445 upvotes
Toronto
and it could have dropped 30% on bad news.
Deal Fanatic
Jun 27, 2007
5507 posts
1956 upvotes
sirex wrote: and it could have dropped 30% on bad news.
who cares what it could have done? it's UP 40% and if you're not in it, you missed an opportunity. Not a bad thing, as market always provides opportunities. You just have to grab them. Congrats on your call, good job. Don't let your winnings turn into a loser.
Deal Addict
Oct 20, 2002
1619 posts
227 upvotes
Mississauga
Thought about buying last year now kicking myself but again, I didn't' buy because 40% drops is also possible and I know I can't take that kind of risk. Anyhow, congrats to anyone that bought netflix.
Banned
Nov 27, 2006
2200 posts
445 upvotes
Toronto
dlhunter wrote: who cares what it could have done? it's UP 40% and if you're not in it, you missed an opportunity. Not a bad thing, as market always provides opportunities. You just have to grab them. Congrats on your call, good job. Don't let your winnings turn into a loser.
you should care. he is using what his techie folks taught him to predict a breakout on an EARNINGS DATE.

That is completely lob-sided and doesn't make any sense.

While there can be some patterns in day-trading/etc, in these situations, the end of the day it's not the technical analysis, it's the numbers.
Deal Guru
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Jun 26, 2005
10111 posts
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Its pure luck these few days why its going up like crazy, but TA got one into NFLX and price is now 165.54. Once you are in a trade, you simple manage it. If it continues to go your way, just smile.

Wow
Jr. Member
Oct 16, 2012
175 posts
4 upvotes
Toronto
I thought the continued increase was due to a short squeeze. From what I've read, short interest was around 13-15%.
Deal Guru
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Jun 26, 2005
10111 posts
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sirex wrote: and it could have dropped 30% on bad news.
Use options
Deal Guru
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Jun 26, 2005
10111 posts
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191.79

112% up from my original post at $90
Sr. Member
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Sep 12, 2006
991 posts
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rfdrfd wrote: 191.79

112% up from my original post at $90
What price do you get out ?
Do you intend to short it back down when you do ?

On a side note do you have any position in BBRY ?

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