I’m just a beginner technician, so I wouldn’t know if you did miss something. An article came to mind when I read your blurb – not saying this is one, but that just came to mind.
Hi ACP,
Is this a gut feeling you have?
Have you traded this stock in the past?
Is there some news on it, I may not be aware of?
Is something in general, wrong with the sector?
Is there anything in the Technical Analysis, I may have overlooked?
Red…thanks for the link to benjamin’s blog. I see that he is now charging to read his crazy stories. What is even worse is that it appears that people are actually paying to read that crazy blog. What a strange world we live in.
It’s about 2 Billion in Sales. But they only net 144.67 million in Income.
According to MSN the first support is 172.18 (50 Day MA)
124.65 (200 Day MA) and 209.24 52 Week High.
That’s a pretty big move down and a nice profitable put option. I’m not sure how fast this is going to go down but, “the shit will hit the fan sometime in 2011”.
For NFLX to hold this price is impossible. There is just no logical way it can sustain itself.
Keep your eyes on WYNN and OPEN (they are also overpriced).
WYNN has insider selling of 2,000,000 shares recently.
I’m just a beginner technician, so I wouldn’t know if you did miss something. An article came to mind when I read your blurb – not saying this is one, but that just came to mind.
http://www.zerohedge.com/article/more-chinese-fraud-kerrisdale-claims-china-education-alliance-nyseceu-mostly-hoax-stock-monk
Hi D,
I think you and I must have bought the same book, because we are most definitely on the same page!
Hi D,
I think you and I must have bought the same book, because we are most definitely on the same page!
Hi ACP,
Is this a gut feeling you have?
Have you traded this stock in the past?
Is there some news on it, I may not be aware of?
Is something in general, wrong with the sector?
Is there anything in the Technical Analysis, I may have overlooked?
I’ve been in and out of WYNN shorts…past couple of weeks…w/great success! I’ll check out OPEN! thanks!
Ben has always been charging for his stuff… but I just found a website that was publishing it for free. Apparently, Ben must have found it too? LOL
Looks like a possible rectangle pattern. If so, there should be another touch near 22.0
How can you tell something more sinister isn’t going on – that’s an ADR right?
Red…thanks for the link to benjamin’s blog. I see that he is now charging to read his crazy stories. What is even worse is that it appears that people are actually paying to read that crazy blog. What a strange world we live in.
It’s about 2 Billion in Sales. But they only net 144.67 million in Income.
According to MSN the first support is 172.18 (50 Day MA)
124.65 (200 Day MA) and 209.24 52 Week High.
That’s a pretty big move down and a nice profitable put option. I’m not sure how fast this is going to go down but, “the shit will hit the fan sometime in 2011”.
For NFLX to hold this price is impossible. There is just no logical way it can sustain itself.
Keep your eyes on WYNN and OPEN (they are also overpriced).
WYNN has insider selling of 2,000,000 shares recently.