Netflix (NFLX) and the Streaming Wars Message Board

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Technology Stocks : Netflix (NFLX) and the Streaming Wars

NFLX 103.00

-0.9%

2:17 PM EST

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To: Rock_nj who wrote (42)	7/2/2003 6:49:18 PM
From: Brumar89	Read Replies (2) of 2280

I've been out of nflx for a little while. Frankly, it looks like a broadening top to me. But what do I know? I bought it earlier this year about 13, sold at 23.02. baresearch.com Broadening Top Technically speaking, a broadening top is a rally to a new high, weakness to an intermediate support level, a second rally to a higher high on increased volume and decline through the intermediate support level, a third rally to a higher high on strong volume followed by a eventual collapse. Why Does It Happen? Whereas some technical patterns are characterized by consensus and a general lack of volatility, the same cannot be said about the broadening top. These patterns always feature indecision and extreme volatility. When one looks at the pattern the resemblance to a megaphone is striking. The stock makes a series of higher highs and lower lows. Normally as time passes and more information is disseminated, investors come to consensus and volatility slows but just the opposite is true of broadening tops. ... I'm just an observor on this one right now.

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