NFLX - Netflix is looking like it will drop to near $500 and fill the previous price GAP. If this happens price will be about 40% away from all-time highs. This could be a much greater move when using Call Options. What are your thoughts on Netflix at this point?
NFLX staged an excellent Christmas rally, but the steam got let out of the tires on their earnings call due to their cash burn. It seemed that everyone's favorite winner suddenly needed some reality to check in on its cash earnings. Fast forward nearly a month later, and fears of a recession are subsiding with the Nasdaq rising up over the 20 and 50 day averages...
- Expanding symmetrical into a Fifth-wave Truncception.
- Hence, simple Bull exhaustion, instead of a climax for this bubble to bleed out over the next 12 years.
Fundamentals:
Streaming services as a concept are great; however, Netflix itself has grown corrupted by the poisoned fruits of Cultural Marxism.
- First and foremost, the firing of Kevin Spacey
-...
NETFLIX NFLX
Testing the target range at 248-245 so closing this short out
for 13 points or so profit. Only looking for next short here is
the gap starts to give way and it breaks below 243 looking for
a move back down to 227 at least and if this level fails to hold
up back to 203 where will look to reverse long again if struck.
