There was a 24 (888) trading day cycle on Friday (in existence since the August lows) and it looks like we had the turn today. It looks like the tax bill passed the Senate. Now time for a sell on the news event. Or does it wait for final passage by the House later in the week. Tomorrow is a very important astro date plus 77 (14). And the Tourist numbers point to tomorrow as an important day. Small change reading in $nymo (which has never exceeded Dec. 7 highs). 10 day average of ISEE (probably every subindex now) higher than at the April highs. $trin again was low and 5day 10day averages are even more extreme.
I’m expecting a pullback, before the potential 11,800—GOOG and AAPL, look like they are stuck in a $20 narrow price channel…INTC crapped, CSCO going nowhere…etc…
NFLX revenue’s been going up nearly around a Billion a year.. http://finance.yahoo.com/q/ae?s=nflx
Anyway, I’ll raise (poker term) your under 180, that’s more than likely to happen, but where’s the next support 150-170?
I see major flaws in the pricing. First off it is facing competition between AMZN, HULU and BlockBuster. It only has rights to New Releases 28 days after BlockBuster (you’ve seen these commercials).
It only has 150 million in revenue. It will have to pay ALOT more than 25 million to keep it’s deal with Starz. NFLX is trading at 74 times it’s earnings.
If it trades below 180, I think all hell is going to break loose. The faster they rise the harder they fall.
Hi Red…Do you still follow that crazy ass benjamin on http://benjaminfulford.blog.shinobi.jp/? That guys head is not screwed on right. Not only that but he hasn’t posted anything in almost 2 months.
This is getting ready to break out…
TSL chart http://zstock7.com/?p=3824
There was a 24 (888) trading day cycle on Friday (in existence since the August lows) and it looks like we had the turn today. It looks like the tax bill passed the Senate. Now time for a sell on the news event. Or does it wait for final passage by the House later in the week. Tomorrow is a very important astro date plus 77 (14). And the Tourist numbers point to tomorrow as an important day. Small change reading in $nymo (which has never exceeded Dec. 7 highs). 10 day average of ISEE (probably every subindex now) higher than at the April highs. $trin again was low and 5day 10day averages are even more extreme.
I’m expecting a pullback, before the potential 11,800—GOOG and AAPL, look like they are stuck in a $20 narrow price channel…INTC crapped, CSCO going nowhere…etc…
NFLX revenue’s been going up nearly around a Billion a year..
http://finance.yahoo.com/q/ae?s=nflx
Anyway, I’ll raise (poker term) your under 180, that’s more than likely to happen, but where’s the next support 150-170?
Not a bad day overall. Picked up some packaging stocks today. Retail sales and Fedex should propel this sector……..
I see major flaws in the pricing. First off it is facing competition between AMZN, HULU and BlockBuster. It only has rights to New Releases 28 days after BlockBuster (you’ve seen these commercials).
It only has 150 million in revenue. It will have to pay ALOT more than 25 million to keep it’s deal with Starz. NFLX is trading at 74 times it’s earnings.
If it trades below 180, I think all hell is going to break loose. The faster they rise the harder they fall.
I tried to tell investors, don’t go long NFLX..as the news is bad..ATT wants them to pay for their broadband, hearing going to Congress, maybe.
I’m 30% LONG and 70% short, ahead of down Tuesdays….
http://benjaminfulford.net/
Hi Red…Do you still follow that crazy ass benjamin on http://benjaminfulford.blog.shinobi.jp/? That guys head is not screwed on right. Not only that but he hasn’t posted anything in almost 2 months.