NFLX Netflix: Swing - Bounce after the bounce | ProofTrader stock market prediction

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	Wesley To
	Mill Creek, WA User since Jul 2011	64
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Swing - Bounce after the bounce

Shorts have taken their profit. People will realize the struggles in the upcoming quarter. I think we will see another sell off in the next couple days.

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What People Are Saying...

David Sachdev said at 7/26/11 4:01 PM Price action was $267.64 -13.45 (-4.8%)

Will be interesting to see...I closed my position out at 3:51

David Sachdev said at 7/26/11 4:05 PM Price action was $266.87 -14.66 (-5.2%)

Planning on doing some research on this once, because I would love for it to be a fast mover once again tomorrow...either up or down. I think I want to see if it opens up above or below the 50 day moving average.

Wesley To said at 7/27/11 11:24 AM Price action was $270.11 3.20 (+1.2%)

Oops, very hasty trade. : ) I got 2 days for it to tank, lol.

David Sachdev said at 7/27/11 11:38 AM Price action was $270.69 3.78 (+1.4%)

I hope you took the real trade the other way...because it is movin!

Wesley To said at 7/27/11 12:24 PM Price action was $272.53 5.62 (+2.1%)

Luckily, I did not pull the trigger on this trade with money.

Josh Warner-Burke said at 7/27/11 11:14 PM Price action was $269.42 2.51 (+0.9%)

I'd be inclined to bet the other way, but macro factors make it likely you are right. If we got a debt agreement by Friday morning (unlikely) then NFLX could pop to 285 pretty quick. If the rest of the week is just panic-selling, then you could short even the best stock and make money.