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Long NFLX At $185.43

Recs

4

December 08, 2010 – Comments (1) | RELATED TICKERS: NFLX

I've seen a lot of these high-flying stocks, like NFLX, and others sell-off hard due to rumors about a CEO (i.e. Steve Jobs and Apple) or a resignation by another corporate executive (like what we have today with NFLX), only to see the stock quickly rebound within a few days or even the same day. That is why I got into NFLX which happened to pull back nicely to its current trendline and the 20-day moving average as well. My stop is a lot wider than I typically  put on a trade, but I will be aggressively tightening it at every opportunity.  

Here's My Trade Setup in NFLX.

1 Comments – Post Your Own

#1) On December 08, 2010 at 11:36 AM, russiangambit (29.45) wrote:

I wouldn't buy Netflix here. Once these momentum stocks are broken, they are broken, they overcorrect.Though, I guess you can try and see if it holds 20-50MA and then get out if it doesn't work.

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