Trade Idea #8 - $NFLX - Mile High Club?
Update #1: Never traded this chart as stock split. See trade #9 for further details.
Too much too fast?
Netflix's value has skyrocketed past few years due to increased user base and its ability to create great original programming almost up to par with HBO.
Regardless of the news or the headlines, I can only think another explosive move is coming. Hard to take a position here. So much downside potential as people take profit (and netflix is quite the gapper) but such a good up trend, especially when they make 2.3 million per employee).
Will most likely create a position upon signal.
Short ~ $560 Target
Long ~ $900-$1000 Target
Get ready for something.
Too much too fast?
Netflix's value has skyrocketed past few years due to increased user base and its ability to create great original programming almost up to par with HBO.
Regardless of the news or the headlines, I can only think another explosive move is coming. Hard to take a position here. So much downside potential as people take profit (and netflix is quite the gapper) but such a good up trend, especially when they make 2.3 million per employee).
Will most likely create a position upon signal.
Short ~ $560 Target
Long ~ $900-$1000 Target
Get ready for something.
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