Netflix will be losing alot of subscribers with this latest price increase. I'll be shorting this down.
peterbokma
⋅
@DHD269, it is oversold and you may get better selling levels later on. tc
ShortSeller76
⋅
@DHD269, I concur with Peter. It likely goes up before down. You should never short an oversold stock after a 25% drop, it has to bounce, even if that bounce is a dead cat followed lower you'll save yourself a lot of grief waiting for a better point than here.
peterbokma
⋅
@ShortSeller76, indeed. I usually focus on the market condition, i.e. valuing the drop or increase and be a contrarian at times. In this case it was a large drop so one should expect a retracement. thanks for the comment. tc.
ShortSeller76
⋅
Bought in today, way oversold and likely a good setup for earnings next week