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Methos,
May 18 19:16 pm
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All Comments by Chris Fernandez »Netflix: Short Opportunity [View article]
We'll see...if you notice today, NFLX was weak in a strong upward market...overall market gains were 3-4%, NFLX was flat in low volume...on the downside, it has been down on huge volume, plus the breakdown through key technical levels.
This is merely a trade, for a few days or weeks, but nonetheless, I like my risk/reward, and have a nice tight stop on the order to break even, as the stock has already fallen enough for me to do so.
We'll see how this plays out.
Chris