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| Posts | 6652 |
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| Alias Born | 07/10/2009 |
Monday, May 16, 2011 9:21:10 AM
Hey AD,
Still have the calls. Currently it's still trading in the upward channel so no reason to sell. If it breaks the channel then it's time to head to the doors with the profit. But there was a PR released this morning:
Netflix Announces Strategic Multi-Year Agreement With Miramax
http://finance.yahoo.com/news/Netflix-Announces-Strategic-prnews-3544439594.html?x=0&.v=1
So we will see how it reacts to that. If it breaks the channel I will leave with profit. If it continues north it will have to break resistance at $249ish (249.07 is what I have). If it breaks that then it will go and test the 52-wk @ $254. There was a bit of a selloff Friday afternoon right before close but that could be due to the fact that NFLX has weekly options so people could have been selling before the close.
Below are the charts that I have created with trend lines:
Daily:
60min:
30min (follows the middle bolli, everytime it hits it bounces, can that continue?):
Still have the calls. Currently it's still trading in the upward channel so no reason to sell. If it breaks the channel then it's time to head to the doors with the profit. But there was a PR released this morning:
Netflix Announces Strategic Multi-Year Agreement With Miramax
http://finance.yahoo.com/news/Netflix-Announces-Strategic-prnews-3544439594.html?x=0&.v=1
So we will see how it reacts to that. If it breaks the channel I will leave with profit. If it continues north it will have to break resistance at $249ish (249.07 is what I have). If it breaks that then it will go and test the 52-wk @ $254. There was a bit of a selloff Friday afternoon right before close but that could be due to the fact that NFLX has weekly options so people could have been selling before the close.
Below are the charts that I have created with trend lines:
Daily:
60min:
30min (follows the middle bolli, everytime it hits it bounces, can that continue?):
No matter how big or how small...Green is Green :-)
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