ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(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
For six days, Netflix (NFLX) appeared to have printed a bottom at $125. On Thursday, NFLX broke that critical support and plunged 11% to close at a new 52-week low. In the process, the stock also tagged $110 which was a price target established by a bearish analyst at Noster Capital. Unfortunately, Thursday’s action suggests … Read more