Tuesday, April 22, 2008

From Long to Short: NFLX

NFLX (Netflix) is a good example of a stock that can change from a long to a short setup on the turn of a dime. Apparently the street did not like the earnings call, as the stock gapped down and broke major support levels. I may short in a few days on a low volume pullback.

3 comments:

The Market Speculator said...

I exited ANR and RRC after my profit stops were hit. More details later today.

Tyro said...

Hopefully tempers the enthusiasm of people who were drooling at the untold riches that GOOG gamblers received.

BTW: are you the same Market Speculator who is posting on Big Wave?

The Market Speculator said...

Tyro,
I am not that "marketspeculator".