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Technology Stocks : Netflix (NFLX) and the Streaming Wars -- Ignore unavailable to you. Want to Upgrade?

To: J.B.C. who wrote (473)	7/13/2011 9:50:12 AM
From: 2MAR$	Respond to of 2280

And now under $300 again , put alot of faith in RSI and know profitakers would appear ...very rich valuation AAPL at $360 but needs to go thru that , this will tell if the market really wants to go higher ...

To: J.B.C. who wrote (473)	7/16/2011 4:12:44 AM
From: 2MAR$	Respond to of 2280

NFLX from "$305" then down "24pt reality check" to $ 286 then dip to $281 ... so get to take a 'lil bow at least ? <bg Part overbought & part knowing how these goldman~style momo traders work their pump n dumps... they pushed it up to sell into it higher but was too early to push it any farther with plenty of time before earnings & they took profs ..was just too overbought and negative news too risky with Google's huge showing but also market with many concerns. You can see a similar fate for the SINA BIDU momos that seemed to never quit until they pumped them so high that valuations & sentiment changed in a hurry . Traded NFLX long just like those but in the end stocks like these get too far ahead of themselves. Earnings not till week from monday, could there be a chance of churn & mediocre sub add growth & a bit less than desired guidance ? This baby has to really come in on that qtr to qtr sub growth to get bid up further , not that sure that Canada was all that big a deal . There's also real concerns of bandwidth capping that's for sure to hamper anyone streaming NFLX too often . Personally i find the content offering now absolutely sub par ...it wasn't my favorite choice of trades going short , but tehnically & on principal to the fundamentals a trade that had to be done . * Bounced off oversold on 15min, but selling down from $305 it was just so overbought on the daily and the CCi was rolling a bit (lead indicator), so with a week to go there's still return of the momo as they will milk this cow some more but will be headline sensitive for good or bad into next week . Think its spoken that $300 is a little rich for this unless they really blow numbers away . Typical earnings run, but i sure wouldn't be feeling to safe if i bought at $277 or above...was a fun trade have made as much shorting it as going long ...patience is key .