It's perfectly normal for Netflix to "correct" by over 50% from any peak. I'm expecting a lot of selling going forward. No fund manager wants a high beta stock like Netflix in his/her portfolio in this high risk environment. I've been short since 115 for this reason. I publish now because it's "chartible" since there's confirmation.
Fundamentally, don't care too much. But just for kicks, macro picture is ugly/high risk. Internally, 550 million subscriber base potential. Indonesia is no longer a customer of theirs as of, yesterday (85 million customer market). Competition.. bla bla Booyah.
My method of execution will be summer put options with my target as the strike.
Fundamentally, don't care too much. But just for kicks, macro picture is ugly/high risk. Internally, 550 million subscriber base potential. Indonesia is no longer a customer of theirs as of, yesterday (85 million customer market). Competition.. bla bla Booyah.
My method of execution will be summer put options with my target as the strike.
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MAKE SURE YOU TAKE THIS TRADE!! We're down on a huge day for the market on the last day of the month! So this long term trend break will be confirmed as of today. I bought June 2016 $45, $50 and $65 puts. Yes, that bearish. GL