Seeking Alpha

Nick Gagnon

 
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  • What Would Justify Netflix's Current Market Price? [View article]
    Netflix isn't disputing anything, it's a middle man hoping on the backs of the infrastructure established by ISPs, and provides a medium of content developed elsewhere. It's just a cheap service, a lot of people use (not me), but will never be anything proprietary outside of their search engine (which isn't even that spectacular)
    Jun 24 12:34 PM | 2 Likes Like |Link to Comment
  • What Would Justify Netflix's Current Market Price? [View article]
    Correct on the high level of institutional ownership; my company reduced our US Equity exposure by half a few weeks ago, the largest move ever for us. When a lot of these funds have performed several standard deviations above targets, you'll see more funds cashing in, and the selling increase. It might be the start of taking money out of equities into bonds.
    Jun 24 12:31 PM | Likes Like |Link to Comment
  • Netflix Has Significant Upside Based On Internet TV And Global Expansion [View article]
    Take this for what it's worth, my company just exited a huge position in our US Equity holdings. We reduced out total allocation by about 1.2 billion dollars.
    What a lot of people don't understand with stocks that trade almost entirely by momentum players (e.g. massive hedge funds) is once the music stops it can turn on a dime and there will be no support in this stock at all! Have you noticed how Netflix's price action isn't smooth, but almost entirely spikes? It doesn't speak of a stock with liquidity. I think if there's other institutions getting out of US equity, you could see a real correction in the high fliers (ala the Nasdaq momentum stocks).
    Jun 18 08:19 PM | Likes Like |Link to Comment
  • Netflix Has Significant Upside Based On Internet TV And Global Expansion [View article]
    Netflix is a decent cheap source of entertainment, but it's definitely more of a gimmick than essential-service. Disclosure: I don't suscribe to Netflix.
    Jun 18 08:13 PM | Likes Like |Link to Comment
  • Netflix: This Stock Is A Good Buying Opportunity [View article]
    The bubble has popped on NFLX, I would get out of the stock if I were you. There needs to be a major market movement for this stock to hit $400, in other words, highly unlikely.
    May 8 07:22 PM | Likes Like |Link to Comment
  • Netflix: This Stock Is A Good Buying Opportunity [View article]
    Good luck on your $400 target, that's the lower strike on my vertical debit call.
    May 8 07:19 PM | Likes Like |Link to Comment
  • Strong Revenue Growth Predicted, Tesla Unlikely To Drop To $180 Post-Earnings [View article]
    I wouldn't touch this stock at $150, or anywhere around $100. Better options elsewhere...
    May 7 10:25 PM | Likes Like |Link to Comment
  • Strong Revenue Growth Predicted, Tesla Unlikely To Drop To $180 Post-Earnings [View article]
    This isn't a momentum stock? Wow. I have 15k equity hours trading, and this is definitely a momentum stock.
    May 7 06:52 PM | 3 Likes Like |Link to Comment
  • Strong Revenue Growth Predicted, Tesla Unlikely To Drop To $180 Post-Earnings [View article]
    TSLA won't be $250 in two weeks, have you traded momentum stocks before?
    May 7 12:54 PM | 1 Like Like |Link to Comment
  • Will Tesla Go To $180 Or $239 After Earnings? Doesn't Matter To Me [View article]
    I've heard from more than one great option trader that some of the best option strategies are the most simplest ones. Simple naked puts and covered calls on solid, fundamental investments is the way to go. When I was spread trading I could lock on spreads that technically didn't exist in the market (through positive slippage), I couldn't do anything remotely like that with options.
    May 5 12:51 PM | Likes Like |Link to Comment
  • Will Tesla Go To $180 Or $239 After Earnings? Doesn't Matter To Me [View article]
    Sorry I guess I misconstrued this comment: If the stock dips on earnings, I'll likely close out the put side to my straddle and load up long with options that don't expire until towards the 3rd quarter.

    You seem to be all-over-the map with some of these stocks, flipping from long/short. It's better to stick to a bias and work a strategy around that. I've seen loads of traders flip biases from market movement, and most of them got smoked over-all.
    May 5 12:46 PM | 1 Like Like |Link to Comment
  • Will Tesla Go To $180 Or $239 After Earnings? Doesn't Matter To Me [View article]
    Isn't this the same strategy you used on NFLX, which obviously didn't work out? And then you plan on following up a long straddle with straight long OTM calls? Combined I question the validity of this approach long-term.

    Disclosure: Short vertical OTM calls.
    May 5 08:26 AM | 4 Likes Like |Link to Comment
  • LinkedIn Getting Killed... What To Do Now? [View article]
    Is this a straight long or dollar-weighted pair spread? If I were still trading spreads I might ** consider a long LNKD versus a NFLX short, but I would not be dollar-neutral...
    May 5 08:22 AM | Likes Like |Link to Comment
  • Netflix Is Still Wildly Undervalued [View article]
    That will never happen Bhosie. In the meantime I recommend people do what I'm doing and write OTM vertical calls on NFLX, to coincide with my vertical puts of my accumulating longs.
    May 2 08:38 PM | Likes Like |Link to Comment
  • Netflix Vs. The FOMC [View article]
    Nice article, and I'd also like to point out NFLX is very-heavily concentrated. It's one thing to have a security that might have the illusion of liquidity, it's another thing when that liquidity dries up and the direction of orders is all one-sided (e.g. longs running for the exit). A lot of investors have no idea how much of an impact liquidity has in stock movement.
    Apr 29 06:17 PM | Likes Like |Link to Comment
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211 Comments
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