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Re: Just1MoreUpTick post# 7140

Friday, 10/26/2018 9:38:44 PM

Friday, October 26, 2018 9:38:44 PM

Post# of 9268
Well, since the double tops in June and July, the market is saying NFLX is worth less and less. After the parabolic move up to the double tops earlier this year, rallies have not been able to break the neckline of the double top. In otherwords, the market has rejected higher prices resulting from those rallies to the extent that share price is now below the 50 day and 200 day moving average. Therefore, one may very well say that the market is in the process of adjusting (for whatever reason) the value of the company to be worth less -- not more.
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