To start, read the Barron's Article:
The stock jumped last Monday on
that story and then fully retraced.
The valuation of NFLX seems
compelling down here despite
all of the chatter. A tad more
than 1X's Sales is dirt cheap to me.
Year-end tax sellers will likely
be out of the way soon, if they
aren't already out of the stock.
This is the best candidate for
a January rally.
Average in over 5 days and
figure that 64-63 is possible
to be tested, so 61 stop loss.
Upside to 80-85 in January.
By: Technical Tim 11:57AM EST
Mon Dec 5 2011
(as I am typing this the stock has moved from 68.60 to 69.35, so it is not for the faint of heart. This stock is volatile.)
The stock jumped last Monday on
that story and then fully retraced.
The valuation of NFLX seems
compelling down here despite
all of the chatter. A tad more
than 1X's Sales is dirt cheap to me.
Year-end tax sellers will likely
be out of the way soon, if they
aren't already out of the stock.
This is the best candidate for
a January rally.
Average in over 5 days and
figure that 64-63 is possible
to be tested, so 61 stop loss.
Upside to 80-85 in January.
By: Technical Tim 11:57AM EST
Mon Dec 5 2011
(as I am typing this the stock has moved from 68.60 to 69.35, so it is not for the faint of heart. This stock is volatile.)
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