Netflix (NFLX) and the Streaming Wars Message Board

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Technology Stocks : Netflix (NFLX) and the Streaming Wars

NFLX 104.35

-1.2%

Nov 21 9:30 AM EST

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To: 2MAR$ who wrote (594)	9/26/2011 9:18:09 AM
From: The Ox	2 Recommendations Read Replies (1) of 2280

Yes, I took the plunge at $125.70 and it looks like that was a decent entry at this stage.... Way too early to tell in the long run but the short haul has proved it was a good choice. Lots of overhead resistance, imo, between here and 138ish. Could launch for another 20 pts in the intermediate term if it gets above 138/139. When stocks break like NFLX, it often takes a very long time to digest these moves, so if one is looking at the long term, my view is that it will be a very, very slow rise from here. Too many pockets of overhead resistance for this to go ballistic but the level of shorting was massive and could, eventually, lead to some strong, short moves up. FWIW, I will stop out if the stock looks to break down below the $120 level.... Just my 2 cents, buyer beware, all that disclaimer jazz..... TO EDIT - naturally I reserve the right to change my mind at any time and buy or sell at any level!! :)

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