ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Earnings season is creating its usual spectacle of fascinating charts. Here is a sample of the ones catching my eye right now: Breakdowns Cisco Systems (CSCO) On August 16th, CSCO jumped 9.6% in response to a positive earnings report. CSCO has yet to make any progress since then. On Wednesday, the stock confirmed its breakdown … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 14, 2012. Click here to read the entire piece.) Netflix (NFLX) is a classic bear/bull battleground stock. Depending on your mood, you can be convinced by the bullish or the bearish arguments. {snip} In the near-term, I think the biggest … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on July 11, 2012. Click here to read the entire piece.) In the past, I have only had bearish things to say about Netflix (for example, “Netflix Tags the $110 Target But More Downside To Come” from September 30, 2011). However, I … Read more
This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) December 10, 2010 Netflix (NFLX) closed at $194.63. CEO Reed Hastings scolds famous investor Whitley Tilson for shorting Netflix stock in “Netflix CEO Reed Hastings Responds to Whitney Tilson: Cover Your Short Position. Now.“: {snip} … Read more
At the end of September, I posted a chart review suggesting that while Netflix (NFLX) had reached the original $110 downside target, more downside was to come. The stock proceeded to bounce on a small relief rally that hit a brick wall at resistance. This brick wall was so strong that in the same day, … Read more