Today I covered my NFLX short in two parts for +14 average. Not too many shares but it worked out ok for +$2767 today. I had to sell my WYNN for a big loss, this was a winner to a loser. I sold before the bigass drop today too. So that was a -$8984 loss, I am looking at a break even month I think, which is just fine.
I have been on NFLX as a short well before 300, I had some nice rides for sure, but it would have been nice to catch the whole ride since I talked so much about this company. Today was epic, NFLX traded down to 109 and it was Qwik. From 300 to 100 in 2 months. I think it is going a lot lower too, so I will be sure to get short again as soon as I have some free capital. I think it is going to 50 for sure, but it could got to 10 even, the customers are leaving the company like crazy, I can see it every day.
I read just about every single comment every day on the NFLX blog, I know the pulse of the customer, I see it, I can hear it, the customers are very pissed and they are leaving.
Here is a comment from a customer who left a message on the NFLX blog, just one of tens of thousands...

It must have to be fix fast.
ReplyDeleteGold Rates