So NFLX was ripping yesterday, somehow immune to price drops despite my shorting of a massive 1k shares:). Why? Goldman upgrades them this morning with a $400 price target because why the hell not upgrade a company when the PE falls below 100!
Today's morning gap lines up with recent resistance around $281 and while sitting on the toilet I took a semi-fun size 500 share short to play at least a partial gap fill but mainly because I hate myself and want to put on a bad trade with this POS to ruin my weekend.
As I said before, NFLX warrants caution here because people think its immune to the trade war so it could run up into earnings. Nevertheless, this is a dog and it will eventually go full bitcoin because its just a media company trading with a multiple 5X Disney which is a real diversified entertainment company with better assets.
Careful trading today. Powell up at 10:15.
Today's morning gap lines up with recent resistance around $281 and while sitting on the toilet I took a semi-fun size 500 share short to play at least a partial gap fill but mainly because I hate myself and want to put on a bad trade with this POS to ruin my weekend.
As I said before, NFLX warrants caution here because people think its immune to the trade war so it could run up into earnings. Nevertheless, this is a dog and it will eventually go full bitcoin because its just a media company trading with a multiple 5X Disney which is a real diversified entertainment company with better assets.
Careful trading today. Powell up at 10:15.
