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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: John Carragher who wrote (3188)	12/29/2004 6:51:16 AM
From: Walkingshadow	of 8752

Hi John, I know a lot of folks share your views. I think Greenberg has written about NFLX a lot in his column on Marketwatch. I have not done much homework on NFLX. But from a purely trading perspective, looking at the chart, I would not want to be short right now. 139.142.147.218 I think there's a good chance NFLX will make a run for the upper BB rail ($13.32) soon. Besides, I like short positions where there is as little short interest as possible. With NFLX, the risk of a short squeeze causing a horrendous drawdown in a short position is just far too great for my liking. Also, big short interest stocks tend to attract mo-mo traders if the float is small enough, because they know if they can walk the stock up and squeeze the shorts enough they can sometimes really get a pop out of the stock. T

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