• David White
    Many people used to say they wouldn't touch NFLX one way or the other. This may be the strategy for this market move.
    2/17/12
    Reply (10)
    • Market Maven: what does that mean?
      2/17/12
    • David White: People wouldn't toucvh NFLX because they thought it was over valued. They wanted to short it, but the momentum traders were behind it.
      2/17/12
    • David White: For this reason they stayed away from it. Recently we have had some good US news (some not so good). Momentum traders keep pushing
      2/17/12
    • David White: the market up even though you might normally expect a retracement. It can hurt a lot to stand in the path of the momentum traders.
      2/17/12
    • David White: Many think it is becoming too risky to keep bidding the market up. The HFT traders will be out, but you will take big losses on the turn.
      2/17/12
    • David White: I should note that I maintain some core long positions, but I am loathe to put on many new positions. Perhaps dividend and bonds.
      2/17/12
    • Market Maven: I'm short NFLX while writing puts to absord premium while I wait it out. I'm short 113
      2/17/12
    • David White: I have considered shorting NFLX recently also. However, I was talking about NFLX more historically. It was overvalued, but it kept going
      2/17/12
    • David White: up to near $300. A lot of people thought it was far overvalued at $180. Many shorted, and they got run over by the momo traders.
      2/17/12
    • Market Maven: need to have hedges on and be diligent in your trading strategy, you may still get run over, but you may then get up and dust yourself off.
      2/17/12