Kanon8260

NFLX Call me crazy but Fangs are not totally dead Swing Trade

Long
NASDAQ:NFLX   Netflix, Inc.
Despite all the hate right now in fangs stocks, history tell us that NFLX has been the best performer in the SPY period. Yes, these names was absurdly overbought but right now are too dramatic and negative, but NFLX had an amazing quarter and is the future of streaming video, Cable Tv is dead, and yes there will be more competitors but when you buy stocks you tend to buy industry leaders, and NFLX Is a leader and will continue to dominate and even if Dis launch his streaming will take 3-5 years to even touch market share Nflx revenue last quarter was 37% BTW and ad 1 Million more Suscriber in US, men if the market bounce from these horrible lows I think Nflx could be a long term calls or Leaps with a 25% Stop loss or swing trader I really think stock is very oversold and could reach 285-300 levels if breaks $275, there a lot of negativity but that's the time when you actually buy bargains, buy at this levels stop loss $255-250 I see strong resistance in $260 level, not a good choice to short when vix is 18 again! GL to everyone!
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