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tangman
Nov 8, 2019 6:28 PM

[Short Watch] NFLX possible short 

Netflix, Inc.NASDAQ

Description

I'm seeing some hourly divergence form as NFLX struggles to maintain this current uptrend, while the general markets are extremely strong.

It would make a good part of a pair for example Long MSFT, Short NFLX.

I probably won't take the trade, although I did short NFLX on Nov 4 and covered two days later. It is very risky to short right now. Fed liquidity is flooding the market and fraud is allowed. They won't let highly indebted companies blow up because it would pop the corporate debt bubble in CLOs (just like mortgages and CDOs).
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wwwdots
good eye
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