Goldman Sachs, try fooling someone else. Short Netflix. Bubble.
Shorting Netflix right there, not based on anything but COMMON SENSE! I mean, just look at the chart, Netflix is literally on the moon. It started pumping in December, roughly when Bitcoin topped. The same kind of people who were buying Bitcoin, went to rush into the Netflix gold rush through their robinhood app. It's an overflow of stupid, retail money that will chase these hype stocks.
All these bubbles mostly go in 4 steps, we are in the last one where we are going vertical and it's about to end. This is the top in my oppinion.
There will soon be no greater fool to buy the stock, those who bought a few years ago will start massively unloading and distributing those stocks and opening short positions. Good luck everybody, for me this is an obvious short.
If i am proven wrong and Netflix did go to 490$, i can't even imagine how a chart would look. Straight candle up? Fool me once, shame on you. Fool me twice, shame on me. I'm not falling for this crap. Short Netflix.
All these bubbles mostly go in 4 steps, we are in the last one where we are going vertical and it's about to end. This is the top in my oppinion.
There will soon be no greater fool to buy the stock, those who bought a few years ago will start massively unloading and distributing those stocks and opening short positions. Good luck everybody, for me this is an obvious short.
If i am proven wrong and Netflix did go to 490$, i can't even imagine how a chart would look. Straight candle up? Fool me once, shame on you. Fool me twice, shame on me. I'm not falling for this crap. Short Netflix.
I could be wrong, but i can not imagine how it will look like then. Anyways if it goes higher, you short more.